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Speaker 1: Looks like gold and silver are the hot new commodities

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Speaker 1: on trade me. The site has started to receive significantly

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Speaker 1: more soldiers searches for gold and silver since mid January,

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Speaker 1: which of course is when both of those elements were

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Speaker 1: in the news for reaching record high prices. Trade me

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Speaker 1: spokesperson Millie Sylvester is with us now.

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Speaker 2: How Milly curita?

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Speaker 1: So what is it people are searching for? Are they

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Speaker 1: searching for like chunks of gold and silver or is

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Speaker 1: it jewelry?

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Speaker 2: It's right across the board. I mean, gold and silver

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Speaker 2: were the second and third fastest rising search terms in

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Speaker 2: the past week, but then in the top ten we

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Speaker 2: also saw silver bar and silver billion. So I guess

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Speaker 2: it's everything wherever whatever has gold and silver in it.

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Speaker 1: What do we think people are doing with it? Like

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Speaker 1: if I was to dig out my old gold ring

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Speaker 1: or whatever that I didn't want to salad on trade

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Speaker 1: are they going to melt it down?

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Speaker 2: Are they perhaps or maybe they're hoping that actually this

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Speaker 2: is the start of a boom and they're going to

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Speaker 2: sit on it and hold on to it and maybe

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Speaker 2: you know, accumulated over time as a bit of an investment.

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Speaker 2: Your guess is good as mine.

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Speaker 1: I mean, they must be thinking that they're going to

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Speaker 1: sell that that they're buying. Presumably the idea is that

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Speaker 1: you're buying it at a very heavy discount on trade

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Speaker 1: me if you're going to sit on it for a while, right.

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Speaker 2: Yeah, you would think so. I think it's just it's astounding.

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Speaker 2: You know, we've seen searches for silver were up two

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Speaker 2: hundred and sixty four percent year on year, Like it

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Speaker 2: is a huge increase that we are seeing more so

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Speaker 2: actually for silver than we are for gold. Gold was

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Speaker 2: up about twenty percent year on year, but still really noticeable,

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Speaker 2: you know, trend in searches. And then what we are

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Speaker 2: also seeing is in categories like antiques and collectibles and

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Speaker 2: unsurprisingly jewelry and watches. You know that the spiking activity

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Speaker 2: there has been incredible, and it's really been in the

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Speaker 2: past kind of fourteen days.

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Speaker 1: It's kind of weird. Now, how do you guarantee if

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Speaker 1: you are thinking you a start holding based on your

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Speaker 1: trade me purchases, how do you guarantee that you're buying

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Speaker 1: what they say they are selling you.

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Speaker 2: Absolutely, it's really important to ask a whole lot of questions.

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Speaker 2: Ask for photos, you know, look for those hallmarks or

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Speaker 2: any stamps that prove the metal with purity. You know,

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Speaker 2: you want to make sure you are buying, you know,

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Speaker 2: something that is authentic. You can pay via ping on

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Speaker 2: trade me, which means you're covered by buyer protection. So

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Speaker 2: I would encourage that if you're looking to buy any

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Speaker 2: precious metals on site, and that means you know, you

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Speaker 2: can be confident in your purchase.

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Speaker 1: Yeah, brilliant, Mollie, thank you for talking us through. I

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Speaker 1: appreciate a. Milie sylvesta Trade Me spokesperson.

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Speaker 3: For more from Heather Duplessy Allen Drive. Listen live to

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Speaker 3: news talks. It'd be from four pm weekdays, or follow

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Speaker 3: the podcast on iHeartRadio