With Gold Prices Soaring, Would You Sell Your Jewelry?

Due to recent concerns over a downgrade in the outlook on U.S. government debt, the price of an ounce of gold hit the $1,500 mark for the first time Monday. And with gold trading at $1,505.70 as of noon Wednesday, the price of one of the world's oldest valuable commodities looked to rise even further.

So with a healthy dose of curiosity and armed with a video camera, Little Neck Patch asked local residents one question: "Would the skyrocketing price of gold tempt you to sell your unused jewelry?"