Pawnshops Swamped by Gold Sellers Seeking to Cash in on Surging Prices; Gold Rally Draws Bitcoin Parallels

Gold prices have surged to record highs above $2,400 per ounce, leading to a rush of sellers at pawnshops cashing in on the rally

Pawnshop owner in Brooklyn reporting 3 times more sellers than normal amid the price spike; buyers appear scarce at these elevated levels

Similarities seen between gold and Bitcoin - neither is truly "consumed", and all units ever mined still exist

Bitcoin hit an all-time high above $73,000 in mid-March, up 70% for the year, but has stalled since then with sellers overwhelming buying

Jewelry store president advising clients to sell their gold jewels now with prices at unprecedented levels