Should you sell gold for cash?

With the price of gold reaching record highs of well over $1,000, you might be thinking about finally dumping that wedding band from your first marriage or cashing in on that broken, out-of-fashion chain. As nice as it would be, you won't get $1,000 for every ounce -- that price is for pure gold, which is too soft for jewelry.

Consumer Protection Division Chief Doug Walsh seconds this advice: