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 »
How Much Exposure Does Your Precious Metals Refiner Have in the Republic Bankruptcy?
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 »
Why True Fire Assay Remains the Most Accurate Form of Gold Refining
When it comes to gold assay, there is no question that true fire assay is the most effective and accurate method. What is the history of true fire assay, and what makes it so accurate? Gold Fire Assay History Gold fire assaying, or cupellation, is a method of determining the purity of a piece of… Read More »
Carat, Karat or Carrot?
Since entering the world of precious metals, I have wondered about some of the terminology and how it came to be. I had always thought “carat” and “karat” were interchangeable but I quickly found out that this is not the case.