In honor of the 95th Annual #NationalCoinWeek this week we are going to dedicate this week’s blog to posting information about #coin buying and selling. We came across this great Precious Metals Glossary the other day and figured our readers would be interested.
Category: Precious Metals
Gold Accelerates as the Dollar Weakens
We are all watching the gold market after seeing Gold increase substantially last Friday.
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 »
Jolly Old St. Nick — The Patron Saint of Pawn Shops
When you think of Christmas and Santa Claus, what’s the first thing you think of? Pawn shops, right? No? As a popular gold refiner for pawnbrokers, we at Pease & Curren know all about the long, historic relationship between Christmas and pawnshops, but you probably don’t. Never fear: Just leave your chestnuts roasting on the… 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.
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 »
Government ban on the export of gold and copper concentrates
Read an article today about “Golden Handcuffs” in the Economist. Apparently this ban on exporting gold & copper concentrates went into effect back in March. It is a serious stand-off that is certain to affect the supply and demand of gold in the US. https://www.economist.com/news/business/21723427-row-raises-concerns-mining-firms-across-africa-tanzanias-firebrand-leader-takes-its
Ten Places to find Precious Metals in Your Jewelry Manufacturing Facility
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.
5 Ways to Tell if your precious metals refiner is just a Middleman
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 »
How illegal gold mining affects you
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 »
