Our friends in the pawn industry know firsthand that consumer buying trends are notoriously hard to predict. Today’s Wall Street Journal has a story about one of those times when consumer behavior has seemed downright counter-intuitive. Whatever side of the political aisle you happen to be on, you probably expect that the election of Republicans […]
When it comes to gold assay, there is no question that true fire assay is the most effective and accurate method. What is the history of true fire assay, and what makes it so accurate? Gold Fire Assay History Gold fire assaying, or cupellation, is a method of determining the purity of a piece of […]
Whenever I meet a new prospect, the first question I’m always asked is “What percentage do you pay?” The refining industry has focused everyone’s attention on what percentage you’re getting paid. While that is an important question, it’s flawed.
Sometimes we come across the craziest videos about mining and precious metals.
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 […]
We recently had a conversation with a jewelry store owner who has 5 locations and spends his time traveling between the stores. Each store has a manage r and the manager’s main concern is selling wedding rings, gemstones and custom jewelry. One of the stores has a resident goldsmith. All of the stone sizing, removal, […]
Let’s have a conversation about the price of convenience and how expensive it can be over the long term. Many times we encounter refining prospects who like the convenience and the quick turnaround from a cash buyer. Cash buyers are just around the corner from the store or stop by once a month, usually someone […]
Wish I would’ve seen this a few weeks ago but we are still in the holiday spirit right? Just came across this little tidbit about Pawnbrokers and Christmas and thought you might find it interesting.