Gold Prices Are So High, a Dealer Melted a Rolex Sky-Dweller for Scrap Value

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Gold's rally above $5,500 per ounce is starting to break normal pricing logic. In an Instagram reel posted in late-January, a luxury watch dealer based in Philadelphia said he was taking a solid white-gold Rolex Sky-Dweller apart and melting it down because the gold could be worth more than trying to sell the watch as-is. "I'm pretty sure that after we melt this white gold Rolex Sky-Dweller into a ball, ...