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 buying
Social Disorder and Why You Need a Regular Plan to Scrap
The headlines are horrible: COVID-19 is having a “second” wave. Actually, did the first one ever end? The killing of George Floyd has led to widespread protests and even looting. So many people are out of work, and government stimulus funding is running out. The government is looking at reducing the extra unemployment benefits that… 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 »
Gold Buying And Gold Refining During COVID-19
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 »
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 »
