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 »
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 »
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 »
In today’s world convenience is all important. Convenience means quick and easy. The question is how quick is too quick? Are you sacrificing money because you are being too quick with your finances and selling off gold and precious metals at a loss? For example: in precious metals refining, waiting just a couple of days… Read More »
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.
Sometimes we come across the craziest videos about mining and precious metals.
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.
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 »
In recent months the topic of gold mining in high risk regions has brought great controversy to the precious metals market and the precious metals refining industry as a whole. Many refiners have chosen to get “certified” through a third party audit. Recent events have proved third party audits do not guarantee a refiner is… Read More »
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 »