We recently had a conversation with a jewelry store owner who has 5 locations and spends his time traveling between the stores. Each store has a manage r and the manager’s main concern is selling wedding rings, gemstones and custom jewelry. One of the stores has a resident goldsmith. All of the stone sizing, removal,… Read More »
Category: Buying & Selling Gold
A Year in Review – Convenience is really expensive.
Let’s have a conversation about the price of convenience and how expensive it can be over the long term. Many times we encounter refining prospects who like the convenience and the quick turnaround from a cash buyer. Cash buyers are just around the corner from the store or stop by once a month, usually someone… Read More »
What I learned about Christmas and Pawnbrokers
Wish I would’ve seen this a few weeks ago but we are still in the holiday spirit right? Just came across this little tidbit about Pawnbrokers and Christmas and thought you might find it interesting.
JSA says off premises attacks spiked in October
The number of attacks on traveling jewelry salespeople and retailers away from their stores spiked last month, prompting the Jewelers’ Security Alliance to issue a special alert and advisory. The full story…
The election and the gold price
Lots of conflicting views on what the election’s effect on gold price will be. This is what was in the news today… http://www.bloomberg.com/news/articles/2016-11-01/buy-gold-no-matter-who-wins-the-election-hsbc-says
Should you hold your gold?
We are constantly getting customer calls into the refinery asking for advice – “Should we sell our gold and other precious metals? How will the Presidential election effect the gold price? What will the actions of The Fed have on metals?” Many times what historically has happened just simply isn’t the case.
Is it gold-filled or gold-plated?
We originally published this last year but many have requested again. Here it is… With all of the different types of jewelry on the market these days and the influx of reclaimed pieces in the stores, it is sometimes difficult to identify the type of gold. It is not wise to rely strictly on hallmarks… Read More »
Going for the Gold? The facts about Olympic medals
The 2016 Summer Olympics in Rio is here.
Gold Price Rises- So Do the Fakes
Increase in demand for coins is brought on by the increase of the gold price this year. Although forgeries have been around for centuries, they sometimes get better with age. Buyer Beware.
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 »
