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 »
Tag: gold refining
HAS YOUR PRECIOUS METAL REFINERY BEEN SUED IN THE REPUBLIC BANKRUPTCY?
EXECUTIVE SUMMARY Pease & Curren has no involvement in the Republic Metals Corporation bankruptcy, but is providing ongoing commentary as a service to the industries we work with. Although Pease & Curren is uninvolved, numerous other precious metal refineries (or companies that call themselves “refineries”) have been sued as part of the bankruptcy of gold… Read More »
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 »
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 »
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 »
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 »
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 »
The most common mistake people make when buying or selling precious metals and coins, and how it can cost you.
At least once a week at the refinery we come across someone who is unfamiliar with weighing gold or silver. We explain weights to them, and they understand, but there are unscrupulous people out there who do not explain and take full advantage of the confusion.
Don’t Fall for the Refiner’s Shell Game – The Percentage Game.
Whenever I meet a new prospect, the first question I’m always asked is “What percentage do you pay?” The refining industry has focused everyone’s attention on what percentage you’re getting paid. While that is an important question, it’s flawed.