Gold Parties are sort of like tupperware parties they seem to be pretty popular in lower Michigan right now due to the price of gold hovering around $1,000/ounce. People are gathering their old jewelry and going to these parties to cash in.
This in no way reflects the lowering value of the American dollar or the stupid shallowness of people that would auction off family heirlooms without desperately needing to.
It's just another reason to get together with friends and have a party.
That is all it is.