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
There are many reasons to avoid buying stolen items of jewelry. One practical reason is that if you do buy items that were stolen, they could be confiscated by law enforcement agencies. Another, more important reason is that even if you buy “hot” items without knowing they were stolen, you are supporting a number of criminal gangs that engaged in violent crimes. Even if you buy those items from pawn shops or legitimate jewelers and have no idea that you are trading in stolen goods, you are contributing to a form of crime that is big and getting bigger.Read More
Is nostalgia standing between you and a lot of money?
We apologize if that question is rude, or of we are being impolite by asking it. But the fact is that many people are losing money (or delaying getting it) by remaining stuck in the past.Read More
If you went to see your physician a few years ago and you were having chest pains, chances are that your doctor sent you to get an x-ray (a technology that relied heavily on silver), an electrocardiogram (which used printed circuit boards that contained gold and silver), and a round of blood tests (which didn’t have much to do with precious metals of any kind).Read More
Crooks aren’t nice people, they hurt people, and we don’t like to write about them. But the fact remains that if we look at crime trends around the country, they can teach us some lessons about the value of precious metals. Also, because crooks make money by selling what they have stolen, their crimes tell us there is a market for the metals they are selling.Read More
The answer may surprise you
Today, everybody you see seems to be staring at a mobile phone. About 15 years ago, every adult you saw was poking away at a Blackberry and every kid you saw was listening to music on an iPad or other portable music player.Read More
What You Need to Know about Modern Smelting and What We Do
As we wrote on this blog back on February 24, 2014, “Smelting has now evolved into a modern, sophisticated process that uses very advanced equipment to separate precious metals from a wide variety of compounds and chemicals, not only from rocks.”Read More
We have written before on this blog about good places to hunt for undiscovered precious metals – places like old jewelry factories, wells, drain pipes, and even graveyards.
Today, we would like to add one more place to look for old gold, silver, and platinum items that you can recycle profitably . . .Read More
Although cadmium is not a precious metal, there is money to be made recycling cadmium silver contacts. (See “Recycling Silver Cadmium Contacts Can Give You a Big Payday,” a post we published on this blog in 2016.)Read More
We have all been there when recently engaged young women show off their new “rocks” to friends or work colleagues. “How big is the diamond?” has been the most important question that people want to know (or are too respectful to ask) at those times. Yet a recent article in MarketWatch.com, “J-Lo’s engagement ring is reportedly worth $1 million — is it time to ditch the diamond?” implies that young people today are losing interest in how big a diamond is in an engagement ring, or what it is worth.Read More
“My grandfather was a master jeweler and jewelry repairman,” a caller told us recently. “Unfortunately, he recently passed away, and now we have the job of emptying his workshop. Can you give me some advice on what we should be looking for?”Read More
As we write today’s post, rhodium is trading at $2,620 on the London Fix. And investors are buying 1 oz. rhodium bullion bars for up to $2,900.
But if you shop online, you will discover that rhodium-plated rings, earrings and chains are selling for $20.00 or less. That is not a typo – they really are selling for surprisingly low prices. What is going on? How can that be?Read More
We have written in the past about the importance of thoroughly inspecting old pieces of furniture before you sell them or toss them away.
A recent news story from England serves as an important reminder of how valid that advice is.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
It has been a few months since we wrote about palladium on this blog. And it is time to write about it again. Why? Because palladium trading prices are rising steadily. That’s another way of saying that if you acquired some palladium scrap or bullion a few years ago and simply held onto it, you would be making a nice profit on it today.Read More
If you are in the business of demolishing buildings, you know that the first order of business is usually to “just knock it down . . . make it disappear!”
There is a reason for that. The sooner most old buildings are gone, the sooner they can be replaced with a new shopping center, apartment complex, parking lot, or other income-generating project. So you follow the instructions of the developer that hired you and as quickly as possible, that old building is reduced to rubble and trucks start to haul it away.Read More