Sometimes we come across the craziest videos about mining and precious metals.
The Wall Street Journal printed a piece this morning recapping how the S&P 500 rose 14% in the first three months of the year with the second quarter earnings on pace to climb roughly 9%. In the precious metals industry typically the declining dollar means bullish for GOLD. In this morning’s piece various corporations comment […]
Survival. Corporate longevity. Documented evidence suggests most companies, even the largest of corporations, remain in business for an average of 40 years. In fact, the average age of companies on the S&P 500 has decreased by more than 50 years over the last century. According to renowned historians the average company lifespan is now 15 […]
Read an article today about “Golden Handcuffs” in the Economist. Apparently this ban on exporting gold & copper concentrates went into effect back in March. It is a serious stand-off that is certain to affect the supply and demand of gold in the US. https://www.economist.com/news/business/21723427-row-raises-concerns-mining-firms-across-africa-tanzanias-firebrand-leader-takes-its
The summer holidays are upon us. Many manufacturers are closing down for a week or two around the July 4th holiday. Some for summer break and some to clean up their facility to get ready for the next busy season.
Last week I attended a conference in Orlando for the International Precious Metals Institute. I must admit, Orlando in June was daunting but upon arrival my opinion quickly changed. This industry is truly incredible. I learned about Precious metals investments, futures, forwards, and mining specifics. Since I am certainly not proficient enough to share that type […]
Lots going on right now in the world of mining- Fed meeting, GST, and a change in the ownership rules. Although we are not involved in mining, this indirectly affects all of us in precious metals business. While there is merit to both sides of the argument, it is certainly not helping the gold price right now. […]
If you are getting paid on scrap or reclaimed jewelry materials you know how important it is to get paid on the true value of your metals. If you are paying a middleman, that is one more person getting between you and your money. Here are 5 ways to show you are NOT dealing with […]
In recent months the topic of gold mining in high risk regions has brought great controversy to the precious metals market and the precious metals refining industry as a whole. Many refiners have chosen to get “certified” through a third party audit. Recent events have proved third party audits do not guarantee a refiner is […]
Over the past few months we have heard of precious metals refiners closing down over violations to the Dodd-Frank legislation. Dodd-Frank as many of our readers know requires most larger companies to practice due diligence to ensure that any gold coming from certain countries is sourced properly. When refiners don’t comply with the legislation there […]