Karat Chat




Could Cryptocurrencies Fall Mean A Rise for Precious Metals?

Posted by Jill Bibby on Aug 15, 2018 15:25:46 PM

Wall Street Journal headlines today “Digital Currencies Tumble”. The piece details a drop for digital currencies by 70% since January 2018. Of the top 100 cryptocurrencies by market value, 98 were down over 24 hours according to research site CoinMarketCap. Sharp declines and rises are nothing new to digital currencies but they were hyped up […]

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The most common mistake people make when buying or selling precious metals and coins, and how it can cost you.

Posted by Jill Bibby on Jul 26, 2018 18:00:13 PM

At least once a week at the refinery we come across someone who is unfamiliar with weighing gold or silver. We explain weights to them, and they understand, but there are unscrupulous people out there who do not explain and take full advantage of the confusion.

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Should you buy platinum?

Posted by Jill Bibby on Jul 05, 2018 15:54:05 PM

Gold is our favorite metal but platinum comes in as a close second. What is going on with platinum these days?  Usually trading at roughly the same as gold, platinum has taken a nose dive. But still some major players are betting on platinum…

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Cleaning Up the Shop: Disposing and Refining Vinyl Floor Tile

Posted by Jill Bibby on Jun 21, 2018 14:47:31 PM

Around this time of year many of our customers shutdown for one or two weeks in July. We ship out quite a few containers to use for cleaning up jewelry benches and manufacturing facilities; the items sent in to be refined are varied. Filters Polishing buffs Shop floor sweeps Protective equipment Vacuum bags Sink sludge […]

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The Truth About the State of the US Jewelry Industry 2018

Posted by Jill Bibby on May 30, 2018 17:52:53 PM

Last week I hear Duchess Meghan Markle is wearing gold, and I find myself clinging to the hope that gold is making a resurgence. I am hanging onto this, and it’s sad. Frankly our favorite precious metal has been going through some turmoil these days making me a nervous wreck. Fluctuating gold price and the […]

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Happy Memorial Day to all who serve

Posted by Jill Bibby on May 25, 2018 15:01:13 PM

Here are some historic images from all of the West Point Ring Melts we have had at the refinery.  

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What’s behind the fluctuating palladium price and why you should take advantage of it.

Posted by Jill Bibby on May 09, 2018 00:00:32 AM

If you have been following the palladium price over the past six months you know how crazy it has been. Fluctuating up and down and now seeming to rest at a point where it is worth more than Platinum.  In order to understand the price of Palladium, it is important to know what it is […]

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So your small diamonds aren’t worth anything?

Posted by Jill Bibby on May 02, 2018 08:00:28 AM

It always blows our mind when a company sends in a shipment of overstock jewelry with the largest diamonds taken out but the majority of the other, smaller diamonds are left in.  We make a phone call, to ask if the customer would like us to process their stones. Many times they say “no thanks, […]

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Unloading your wedding ring

Posted by Jill Bibby on Apr 25, 2018 13:00:13 PM

My divorce took place years ago. For a while I was wearing my wedding ring on my right hand but now I am downright sick of looking at it.  I tried to sell it in the local pawn shops and retail jewelry stores but because was not a traditional wedding ring with a solitaire, I was advised to sell it on […]

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Precious Metals Terms Defined-National Coin Week

Posted by Jill Bibby on Apr 16, 2018 08:00:32 AM

In honor of the 95th Annual #NationalCoinWeek this week we are going to dedicate this week’s blog to posting information about #coin buying and selling.  We came across this great Precious Metals Glossary the other day and figured our readers would be interested.

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