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 »
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 »
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 »
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 »
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.
We are happy to host the 1st Coast Guard Ring Melt here at Pease & Curren this morning. Captains & Cadets were here to witness the event.
Over the last few weeks we have heard so many heartbreaking stories from our friends in Florida and Texas. We have shared posts on disaster preparation from various insurance agencies but feel the need to post our own.
Survival. Corporate longevity. Documented evidence suggests most companies, even the largest of corporations, remain in business for an average of 40 years. In fact, the average age of companies on the S&P 500 has decreased by more than 50 years over the last century. According to renowned historians the average company lifespan is now 15… Read More »
If you are getting paid on scrap or reclaimed jewelry materials you know how important it is to get paid on the true value of your metals. If you are paying a middleman, that is one more person getting between you and your money. Here are 5 ways to show you are NOT dealing with… 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 »