Rachael Ray: Rachael's Daytime Talkshow

How to Turn Old Gold Into Cash

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Some women are responding to the tough economy by cleaning house and getting rid of old bracelets, necklaces and earrings that are collecting dust in drawers. "Gold is gold. If it's out of style or it's broken ... it's going to give you money back," says Jamie Bright Forman of Red Swan.com, which helps women arrange "gold parties" where friends get together and send in jewelry to be appraised and sold. Rachael has three viewers give it a try, including Laurie who decides to sell a platinum and diamond engagement ring from a past relationship. Jamie offers $3,000 to the shocked owner. "I'll take it!" says Lori, as Rachael reacts in surprise: "That is a huge stack of cash!"

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