Karat Chat

Category Archives: Pease & Curren

How Much Exposure Does Your Precious Metals Refiner Have in the Republic Bankruptcy?

When the news came out that Florida gold and silver refinery Republic Metals Corp. had filed for bankruptcy, many were surprised to find so many other companies that hold themselves out as “gold refiners” listed on the petition as unsecured creditors. Equally jaw-dropping were the amounts Republic said it owed these companies:  millions of dollars […]

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 […]

How illegal gold mining affects you

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 […]