Who Buys Gold Filled Jewelry?

Who Buys Gold Filled Jewelry?

Recently, a man wanted to sell some old gold filled jewelry that he had inherited from an elderly aunt. There were actually quite a few items - a bracelet, a few old rings, a necklace with a pendant attached, a small decorative pin, and a few other items. So the man put all those items in a Manila envelope, got in his car, and drove to a store that displayed the sign, “We Buy Gold.”

Read More

Want to Make Money by Recycling Gold Scrap?

Want to Make Money by Recycling Gold Scrap?

Don’t Overlook Gold-Plated Items

When most of us go looking for gold items to recycle, we look first for solid gold items, and with good reason. Even very small items made of karat gold can contain enough gold to make them worth a lot more than they appear – small items like stud earrings, tuxedo studs, lapel pins, tie tacks, and religious and commemorative medals.

Read More

Is It Still Possible to Buy Gold and Platinum on the Cheap from the U.S. Government?

Is It Still Possible to Buy Gold and Platinum on the Cheap from the U.S. Government?

In the days following World War II, army surplus yards opened in many parts of the country, selling all kinds of items that had been manufactured for the U.S. war effort. All sorts of items showed up – hats, coats, uniforms, tarpaulins, tents, and even some decommissioned “souvenir” hand grenades. There were even opportunities to buy electronic devices like field radios that contained small amounts of gold.

Read More

Are Gold Commemorative Coins from the U.S. Mint a Better Investment than Gold Scrap?

Are Gold Commemorative Coins from the U.S. Mint a Better Investment than Gold Scrap?

We have to say, the U.S. Mint is selling an especially attractive lineup of gold commemorative coins these days. If you visit the U.S. Mint’s website, here’s a selection of what you can buy . . .

Read More

Can You Extract Gold, Silver and Platinum by Burning Things?

Can You Extract Gold, Silver and Platinum by Burning Things?

The idea is simplicity itself. You take a pile of stuff that contains precious metals and reduce it to ash by burning it, then process the ash with a strong chemical that removes everything but the metal. Wow, you just turned a pile of worthless-looking stuff into a small quantity of bright precious metal.

Read More

What’s the Difference between Investing in Precious Metals and Gambling?

What’s the Difference between Investing in Precious Metals and Gambling?

Did you know that gambling casinos typically generate a profit of about 2% on all the money that is bet in their facilities? So if $10 million is wagered in a casino in one day, they make $200,000! That explains why casino hotels are likely to offer you a cheap room to stay in, or even a free one. The more people they get through their doors, the more money they make.

Read More

Precious Metals: What to Look for When You’re Cleaning Out a Medical Facility

Precious Metals: What to Look for When You’re Cleaning Out a Medical Facility

Whether you’re clearing out or cleaning up a hospital, a nursing home, a testing lab or a medical facility of a different kind, you have good opportunities to cash in on precious metals.

Medical facilities are home to many kinds of supplies and equipment that contain gold, silver, platinum and even cadmium.

Read More

Common Industrial Scrap that Can Be Worth Big Dollars

Common Industrial Scrap that Can Be Worth Big Dollars

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

What Precious Metals Are Found in a Tesla?

What Precious Metals Are Found in a Tesla?

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

These Precious Metals Items Are Worth More than They Look

These Precious Metals Items Are Worth More than They Look

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

Museum Closings Can Be Your Opportunities to Acquire Valuable Items at Low Prices

Museum Closings Can Be Your Opportunities to Acquire Valuable Items at Low Prices

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

New Year’s Resolution: Create an Inventory of Your Precious Metal Holdings

New Year’s Resolution: Create an Inventory of Your Precious Metal Holdings

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?

Read More

To Profit More from Gold Scrap, Keep the Long View

To Profit More from Gold Scrap, Keep the Long View

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