We haven’t written about drones on this blog for several years. In the time since, some things have stayed the same in the world of drones, and some things haven’t.Read More
A man who was emptying out a storage building owned by a company that installed security alarms found a storage cabinet stocked with 200 unused key pads. He got excited and got them tested, only to find out that each of them contained less than a dime’s worth of gold. But then there was the guy who emptied out a factory where production lines were designed and installed; he found unused thermocouples that turned out to be worth more than $1,000.Read More
Here’s a trick question for you.
If you visit an automobile junkyard and find a wrecked Tesla Model S sitting next to a wrecked 2005 Ford Crown Victoria, which one of them contains more precious metal? And if you are someone who likes to collect and recycle precious metal scrap, which one should you pull apart?Read More
A few years ago, a man looked down at the bottom of a stream in northern California and saw something shiny poking out from the sand and gravel that surrounded it. He pulled it out and it was a gold nugget. It was absolutely beautiful!Read More
Just last year I curated an art show in a museum near Atlantic City, New Jersey. It was a beautiful, modern museum that had been in operation for about a decade. But the show that I put together was the last one that would ever be held at that museum, which was closing its doors for good. Why? Because it had become too expensive to keep the place open.Read More
Let’s start today’s post by asking two questions . . .
First, a pleasant question. You own precious metals, and that is good. But do you know exactly what you own, how much they weigh, and where they are located?
Second, an unpleasant question. If you were to die today (unpleasant!) or contract some illness that would incapacitate you for a period of time, would your heirs know exactly where to find the precious metals you own, or would they be at a loss? Or could they fail to find some of the precious metals you own?
There have been times in history when big financial events seem to come at the rate of one or two a year. This is not one of those times. Every day seems to bring a big piece of financial news that could threaten the trading price of gold. For example . . .Read More
According to estimates from the Environmental Protection Agency, a million cellphones contain about 75 pounds of gold, 33 pounds of palladium . . . and 770 pounds of silver. That might seem like a lot of precious metal to you, or it might seem like a small amount when you consider that you have to recycle a million phones to access it. But here’s another statistic that makes it seem like it might not be that difficult to get your hands on a million phones:Read More
If you have ever donated a car to a charity, you know the routine. You call to schedule a time when your car will be picked up. A flatbed truck arrives, the driver writes out a receipt, and your old car gets hauled away. A little while later, you get a receipt from the charity that took your car. That receipt should provide a value for the car you donated, which should be what the charity sold the car for.Read More
Have you ever sold an unwanted piece of gold jewelry to a jeweler or one of those “We Buy Gold” stores?
It’s a straightforward process. You walk in, the person behind the counter checks your item with a gold testing kit, and makes you a cash offer that you can either accept or reject on the spot. But in reality, the person on the other side of the counter is making a lot of calculations that he or she is almost certainly not sharing with you . . .Read More
There are many legends about people who decided to hide their treasures in wells. One of the most common tales is that at the end of the Civil War, wealthy southern families tossed their silverware down their wells to prevent roaming Yankees from finding it.Read More
We recently found a bottle of “Platinum” skin cream on a shelf at a pharmacy store.
“Wow,” we thought, “they’re using platinum in skin cream?” But when we scanned a list of the ingredients that the cream contained, we learned that it did not contain platinum, only a bunch of chemicals, plant extracts, aromas, and coloring agents. But platinum? No.Read More
Let’s say that you have an old gold-plated set of silver tableware. As you know, the gold that the set contains is worth much more than the silver. Can’t you throw everything into a tub of some kind of chemical that will dissolve the silver and leave only the gold behind in solid form?Read More
You might have heard rumors that the U.S. Government operates a secret program to recycle precious metals. That rumor holds that the government, unknown to U.S. citizens, is processing vast quantities of gold, platinum and silver.Read More
You have a pile of mixed metal scrap - shavings, powder, scrapings, what have you. You know that the batch probably contains quantities of platinum, gold, silver and maybe even platinum family metals like rhodium and osmium. And you also have a strong suspicion that your pile of stuff contains small quantities of stainless steel, aluminum, copper and other low-value metallic scrap.Read More