COVID-19 IS IMPACTING EVERY FACET OF SOCIETY The novel coronavirus (COVID-19), a highly contagious acute respiratory disease, is spreading around the world. Many businesses are affected, including jewelers, pawnbrokers, and gold refiners. Moreover, as business conditions have become so uncertain, many financial markets have become highly volatile. This is especially true for gold, which recently… Read More »
Author: pc_admin
Pease & Curren’s Response to COVID-19
A message from the Vice President of Pease & Curren Refinery: Dear Valued Customers and Precious Metals Community, During this time of uncertainty related to COVID-19, Pease & Curren has much to be thankful for. We remain open and fully operational, and I am fully confident that our strong financial position will allow us to… Read More »
How Long Will Gold Stay Above $1600 per Ounce?: A Gold Refiner’s Perspective
Gold Refiners Can Understand the Market but Not Predict It The price of gold just hit a seven-year high, and businesses that buy or use gold have a vested interest in knowing where this trend is heading next. No gold refiner — or anyone else — can predict the precise movements of any commodity market.… Read More »
How Much Exposure Does Your Precious Metals Refiner Have in the Republic Bankruptcy?
When the news came out that Florida gold and silver refinery Republic Metals Corp. had filed for bankruptcy, many were surprised to find so many other companies that hold themselves out as “gold refiners” listed on the petition as unsecured creditors. Equally jaw-dropping were the amounts Republic said it owed these companies: millions of dollars… Read More »
Is Gold Forever Tarnished?
The Federal Trade Commission (FTC) has recently made some major changes to the FTC Jewelry Guides, lowering its standards about what may be sold as “gold jewelry”. Federal law generally prevents marketers from making unfair and deceptive claims about their products. The FTC guides provide instructions to the jewelry industry about what will and will… Read More »
Looking for someplace to put your money this Monday: Gold is it
Gold is at a 10 week high this Monday morning. September numbers for retail sales are in and they are disappointing. In addition, emerging market stocks are getting hammered. The volatility index for GOLD has been at a 10 as of late, but it is now at a 12. If you are looking for someplace… Read More »
Merger Brings Optimism Back to the Gold Market
All eyes in the precious metals industry are on the mega-merger between mining giant Barrick Gold Corp. and rival Randgold Resources Ltd. The all-share deal, announced yesterday, will make Barrick into the world’s largest gold company by production when the deal closes in the first quarter of next year. Markets reacted positively to the news, with… Read More »
Riding the Rebounding Retail Jewelry Market
After last year’s record number of store closures, our jeweler friends will be happy to know that the American retail is finally rebounding. Tax cuts have left more discretionary income in consumers’ wallets. Luxury retailers, such as jewelers, stand to benefit the most . Relationships are key Because Amazon has so changed consumers’ expectations, the brick and… Read More »
Buying Trends for Gold & Guns
Our friends in the pawn industry know firsthand that consumer buying trends are notoriously hard to predict. Today’s Wall Street Journal has a story about one of those times when consumer behavior has seemed downright counter-intuitive. Whatever side of the political aisle you happen to be on, you probably expect that the election of Republicans… Read More »
Baby Boomers, Gold, and Taxes
I had a conversation with a relative of mine the other day who was asking about precious metals prices, he mentioned he has been “stockpiling” gold bars and coins for years. I got to thinking, if you are a Baby Boomer (like my Uncle) who bought gold back when he was about 25 years old in 1975… Read More »
