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 »

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 »

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 »

Were you too quick to cash out your precious metals last year?

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 »

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.

Mining your iPhone

Sometimes we come across the craziest videos about mining and precious metals.