If you are investing in platinum, chances are you are thinking about military spending these days. You know that platinum is widely used in armaments and military aircraft. So, if U.S. production of armaments and planes that will be sold in Saudi Arabia is cut back, will that make the price of platinum drop?Read More
As 2018 is now in the past, we are sensing a lot of uncertainty about investing in precious metals. Some of that uneasiness is due to recent events, such as our country’s imposition of higher tariffs on imported goods. Another new development is that AMPEX, a major dealer in bullion, is now allowing investors to pay for their purchases with Bitcoin. We don’t actually know whether that will produce big changes in the trading prices of gold, silver, platinum and palladium – after all, every time you buy any precious metal you are paying for it with some kind of currency, right? But paying for precious metals with Bitcoin is making the news, and causing traditional traders in precious metals to ask, “What does it mean?”Read More
“A bucking bronco” is the best way to describe what has been happening on the stock market in year 2018. On any given day, the Dow Jones can plummet 300-500 points. Then the next day it comes galloping back. And just when jittery investors start to think, “Thank heavens that is over, whatever it was,” the Dow takes a plunge again.Read More
We Will Be Here Tomorrow . . . Be sure to entrust your precious metals to us
We learned that Republic Metals Corporation filed for Chapter 11 Bankruptcy protection on November 2nd. Republic, one of the largest gold and silver refineries in the United States, was one of our competitors.Read More
Gold, platinum, silver and rhodium are called precious metals because they are valuable. You already knew that! Yet some people toss them away anyway.
Here are some tips that can prevent you from literally giving them away without realizing it.Read More
You go looking for gold and . . . you find some! Maybe you go to an antique store and find a piece of jewelry that looks like pure, shiny gold, but you find out later that it is only covered with a thin gold plating. Or you discover a gold nugget and find out that it is only a cheap collectible that has been created to look like the real thing, but isn’t.Read More
What is an appliqué? It is a small decorative piece of silver or gold that is applied to another metal. The word appliqué is French, meaning “applied.” (An appliqué is also a piece of fabric that is sewn onto a garment as a decoration, but that is not the kind of appliqué we are writing about in today’s post.)Read More
What kind of precious metals do you own? Bullion bars or coins? A mixed collection of jewelry items you have picked up at tag sales and estate sales? A garage full of catalytic converters? A batch of old computers?Read More
“Using other people’s money to get rich” is a pretty appealing idea, isn’t it? That explains why the concept is so widely promoted in those “make a fortune in real estate” courses you see advertised around the country. You know what they are - they are big courses that are held in meeting rooms at roadside hotels. It costs nothing to attend them, then they try to get you to sign up for much more expensive courses that teach you to invest in real estate.Read More
There are lots of reasons to worry that the trading price of gold could fall. We can start by mentioning the trade wars and tariffs that have been introduced by the current administration in Washington. We could also mention escalating tensions between the US and a number of other nations, including friendly old Canada, which could restrict the flow of gold across borders.Read More
If you are a regular reader of our blog, you know that we like to offer advice on where to find platinum, silver and gold scrap in old factories. So we thought it would be interesting and informative to profile one such building - the old Tiffany manufacturing facility in Newark, New Jersey, that has now been converted to residential apartments. It is located at 90 Tiffany Boulevard - where else could it be?Read More
For centuries, gold has been thought of as the greatest, most beautiful and most desirable metal in the world. That concept has entered popular culture in many ways. When a product or commodity is spoken of as the best of its kind, it is called “the gold standard.” When athletes compete at the Olympics, the first-place winners are awarded gold medals. And through the ages, many events have happened because of gold. There was the Gold Rush of 1849. Centuries earlier, Spanish explorers sailed to the New World in search of El Dorado, a city made of gold.Read More
Gold is a heavy element. A chunk of gold is, in fact, more than seven times heavier than a piece of marble or even granite of the same size. And when gold is in a natural setting, it can be more than 25 times heavier than the sand or soil that surrounds it.Read More
Up until a few years ago, it was difficult to see genuine videos of thieves at work. But now that security cameras are just about everywhere to record activity in public places, homes, and stores, it is easy to watch videos of thefts of all kinds. If you search for “theft” or jewel heist” on YouTube, you will find dozens of actual videos of crimes taking place.Read More
Tariffs, Trade Wars, Shrinking Tech . . .What’s the best way to invest in scrap gold today?
We have to admit, we have never seen a period when it has been so difficult to pinpoint the biggest trends that will affect the prices of gold. In the past, there were periods of uncertainty when it was possible to consider just one trend, see how it was probably going to affect domestic gold prices, and formulate an investment strategy. You could say, for example, “Looks like trade relations with China are going to be rough for a while, there could be fewer gold crossing borders, so the price of gold that is already in the U.S. is probably going to rise.”
Copper is a metal with many wonderful and useful properties. It is soft and malleable. It is also a “friendly” metal that can be blended with many other metals to form alloys.
What precious metals are most often mixed with copper? And when they are, how does that affect their value? Let’s explore that topic.Read More
For today’s post, we’d like to put on our science fiction glasses and think about what the world could look like in year 2050. We admit that it is unlikely that all the following conditions will have arisen by then, but let’s consider them anyway . . .Read More
Back in his student days, our friend Joe was short of cash one month. So to pay his rent, he sold his high school ring to a jewelry shop on 47th Street in New York.
“I took it in, we struck a deal on price and before he even paid me, the guy behind the counter stuck my ring on a mandrel, grabbed a big hammer, and smashed the gem stone that was mounted in it. I left the store with some cash in my pocket, but I wasn’t feeling too great about the whole experience.”Read More