How to Get a Better Deal when Buying from Pawnshops

How to Get a Better Deal when Buying from Pawnshops

Let’s say you walk into a pawnshop to check out whether there are any gold, silver or platinum items there for sale – items that you can buy for low prices. Or you walk into a coin dealer to see what’s on display.

Let’s also say that you find what seems to be a good deal. It’s a South African Kruggerand that contains 1 Troy Ounce of gold. When you ask the dealer the price, he replies, “$1,505.00, because we sell at current trading prices.” So you go online, check trading prices, and decide that you will be getting a fair deal if you buy that Kruggerand for the asking price. So you go back to the pawnshop or coin dealer, pay asking price, and assume that everything has gone well.

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What Will Happen to Precious Metals Prices if a Recession Starts?

What Will Happen to Precious Metals Prices if a Recession Starts?

Nobody likes a recession. But the fact remains that if another recession starts soon, precious metals are a good place to have your assets invested.  

During the last big historical recession of 2007-2009, the trading price of gold rose about 24%. In the same period, the Dow fell by about 35%. And something similar, though not as extreme, happened in preceding recessions. In the less-severe recession of 2001, gold prices rose more than 4%, while the Dow fell about 15%.

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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.

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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?

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Investing in Precious Metals? Make 2019 a Back-to-Basics Year

Investing in Precious Metals? Make 2019 a Back-to-Basics Year

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?”

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Why Gold and Platinum Scrap Will Outperform the Stock Market in 2019

Why Gold and Platinum Scrap Will Outperform the Stock Market in 2019

“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.

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Using Other People’s Money to Get Rich in Precious Metals

Using Other People’s Money to Get Rich in Precious Metals

“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.

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What Are the Safest Places to Store Precious Metals?

What Are the Safest Places to Store Precious Metals?

Do you have gold, silver and other precious metals that you would like to store safely away? If so, what are your most secure and loss-proof options?

In today’s post, we’ll discuss some of the popular storage places people choose for precious metals and explore what is good and bad about them.

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Your Guide to Incredibly Useful 2016 Posts on the Specialty Metals Smelters and Refiners Blog

Your Guide to Incredibly Useful 2016 Posts on the Specialty Metals Smelters and Refiners Blog

Our editorial team had a very busy 2016, writing a total of 46 blog posts on a variety of topics. Some posts contained only nuts-and-bolts advice on finding and processing precious metals. Others covered trends. Yet we did our utmost to deliver practical, usable advice in every post we wrote. In today’s post, we’ll organize those 2016 posts by topic, so you can quickly find the information you’re looking for.

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Will Space Be the Next Frontier for Profiting in Precious Metals?

Will Space Be the Next Frontier for Profiting in Precious Metals?

Today’s post is a bit different from others that you have read on this blog in the past. We’re not going to focus on precious metal investments that you can make today. Instead, we’re going to take a long-term look at trends in space exploration and aeronautics that you should be aware of – trends that could reshape the world of precious metals in the future.

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