26 Apr '11, 9am

South Koreans cash in gold teeth as price of gold soars

South Koreans cash in gold teeth as price of gold soars

At the same time, they are shunning traditional gold engagement rings (above) and baby gifts or making do with less expensive versions. -- PHOTO: REUTERS SEOUL - SOUTH KOREANS are cashing in their gold teeth and other dental work as the price of the precious metal soars internationally, traders said on Tuesday. At the same time, they are shunning traditional gold engagement rings and baby gifts or making do with less expensive versions. 'We are handling gold teeth far more than usual as the price of gold is rapidly increasing,' Nam Seung Woo, CEO of dealer Gold Seven told AFP. The company has bought golden whole teeth, fillings or crowns from more than 100 customers in the past month and receives at least 10 emailed pictures for free appraisals every day. Mr Nam said he was unaware of anyone extracting gold dental work just to cash in, but patients who previously left extr...

Full article: http://www.straitstimes.com/BreakingNews/Asia/Story/STISt...

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