Karat Chat

Category Archives: Best Practices for Precious Metals Scrap

News: Republic Metals Corp. and Republic Refining Corp. Files Bankruptcy

The Precious Metals industry has been rocked by news that Republic Metals has filed for Chapter 11 bankruptcy protection in the Southern District of New York as of Friday, November 2, 2018. The bankruptcy filing will give the company protection from its creditors in the immediate term as the company works on restructuring its business […]

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

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.

Cleaning Up the Shop: Disposing and Refining Vinyl Floor Tile

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 […]

Were you too quick to cash out your precious metals last year?

In today’s world convenience is all important. Convenience means quick and easy. The question is how quick is too quick? Are you sacrificing money because you are being too quick with your finances and selling off gold and precious metals at a loss? For example: in precious metals refining, waiting just a couple of days […]

4 Important & Overlooked Safety Tips for Bench Jewelers

Bench jewelers are the unsung heroes of the jewelry world — tirelessly working away in the back of the jewelry store, making and repairing beautiful pieces to delight their owners. At Pease & Curren, we consider the bench jewelers we work with to be among our most valued relationships. As a proud gold refiner for […]

Five Interesting Things I Learned at the International Precious Metals Conference Last Week

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 […]

5 Ways to Tell if your precious metals refiner is just a Middleman

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 […]