Karat Chat

Category Archives: Gold Education

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 […]

A Jeweler’s Story. Why it pays to plan ahead.

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 manager 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, changes […]

A Year in Review – Convenience is really expensive.

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 […]

Carat, Karat or Carrot?

Since entering the world of precious metals, I have wondered about some of the terminology and how it came to be. I had always thought “carat” and “karat” were interchangeable but I quickly found out that this is not the case.