The phrase refers to a business or individuals operating in Maple Grove, Minnesota, that specialize in buying precious metals, particularly gold. These entities typically purchase gold jewelry, coins, and other items containing gold from the public. As an example, someone might seek out these services to sell inherited jewelry or scrap gold for cash.
The presence of such businesses offers several benefits to the community. They provide a convenient avenue for individuals to liquidate assets and obtain immediate financial resources. Historically, precious metals have been considered a safe investment, and these businesses facilitate the exchange of these assets within the local economy. Their existence can also stimulate economic activity within the Maple Grove area.