Coin shops say they're swimming in so much silver and gold that they're having to limit purchases
Teona Gherasim
If January was a party in the precious metals market, February is the hangover. The per-ounce price of gold topped $5,300 and silver reached nearly $120 at the end of January before tumbling sharply . The stretch of record gains and losses has since stabilized in the early days of February. "These price moves have done a lot of damage all across the line," HSBC precious metals analyst James Steel told Business Insider. One type of business bearing the brunt of volatility is local coin shops,
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