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 »
Tag: Precious Metals Refining
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 »
So your small diamonds aren’t worth anything?
It always blows our mind when a company sends in a shipment of overstock jewelry with the largest diamonds taken out but the majority of the other, smaller diamonds are left in. We make a phone call, to ask if the customer would like us to process their stones. Many times they say “no thanks,… 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 »
5 Questions you should be asking your precious metals refiner
Over the years we have come across many who are unsure exactly what a refiner does and the differences between refiners. We won’t complicate it …here are 5 questions that will quickly narrow down your choices and ensure you are getting the most for your money.
The “Karat Creep”
As many of our customers know, we often perform random spot checks on incoming refining jobs. Lately we have noticed a few lots that are not as they seem. Our VP of Operations likes to call it the “Karat Creep”. Some customers send in monthly so the “Karat Creep” is not noticed right away but… Read More »
Who is monitoring the billion dollar refining industry?
By Scott Girouard- Regional Refining Consultant You go to the grocery store to buy a gallon of milk and, regardless of the dairy farm, you get a gallon of milk. If you buy a gallon of gasoline, you’ll get exactly one gallon of gasoline, regardless of the gas station. There are governmental agencies that monitor… Read More »
