Why does the general public look down on pawn shops? When you think of a pawn shop, you might think of used boots and broken guitars. You might even consider a pawn shop to be a dark place inhabited by a really rough crowd. You might even be concerned for your safety. Why, though? There… Read More »
Tag: gold
DID THE BIG BANKS CONSPIRE AGAINST GOLD SELLERS? (AND HOW TO GRAB YOUR PART OF THE SETTLEMENT)
Executive Summary A class action lawsuit alleges that many of the world’s largest banks conspired to drive down the price of gold. Everyone who sold gold between January 1, 2004 and June 30, 2013 may be part of the class and entitled to a pay out or may lose their rights to sue. Information on… Read More »
Gold Hoarding, COVID-19, and the $2,000 Per Ounce Gold Mirage
The hair triggers are set. And this time, I’m not talking about guns. I’m talking about the gold hoarders. As a gold refiner, it is my privilege to talk to gold businesses every day. I’ve found that all over the country, people holding precious metals are waiting for “X” price before they sell. Lately, X… 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 »
Weaker Dollar = Corporate Profits Rising = Bullish for GOLD
The Wall Street Journal printed a piece this morning recapping how the S&P 500 rose 14% in the first three months of the year with the second quarter earnings on pace to climb roughly 9%. In the precious metals industry typically the declining dollar means bullish for GOLD. In this morning’s piece various corporations comment… Read More »
Government ban on the export of gold and copper concentrates
Read an article today about “Golden Handcuffs” in the Economist. Apparently this ban on exporting gold & copper concentrates went into effect back in March. It is a serious stand-off that is certain to affect the supply and demand of gold in the US. https://www.economist.com/news/business/21723427-row-raises-concerns-mining-firms-across-africa-tanzanias-firebrand-leader-takes-its
Ten Places to find Precious Metals in Your Jewelry Manufacturing Facility
The summer holidays are upon us. Many manufacturers are closing down for a week or two around the July 4th holiday. Some for summer break and some to clean up their facility to get ready for the next busy season.
Five Interesting Things I Learned at the International Precious Metals Conference Last Week
Last week I attended a conference in Orlando for the International Precious Metals Institute. I must admit, Orlando in June was daunting but upon arrival my opinion quickly changed. This industry is truly incredible. I learned about Precious metals investments, futures, forwards, and mining specifics. Since I am certainly not proficient enough to share that type… Read More »
5 Ways to Tell if your precious metals refiner is just a Middleman
If you are getting paid on scrap or reclaimed jewelry materials you know how important it is to get paid on the true value of your metals. If you are paying a middleman, that is one more person getting between you and your money. Here are 5 ways to show you are NOT dealing with… Read More »
How illegal gold mining affects you
Over the past few months we have heard of precious metals refiners closing down over violations to the Dodd-Frank legislation. Dodd-Frank as many of our readers know requires most larger companies to practice due diligence to ensure that any gold coming from certain countries is sourced properly. When refiners don’t comply with the legislation there… Read More »
