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What Happens to Your Scrap Jewelry After It Leaves Your Shop?

What Happens to Your Scrap Jewelry After It Leaves Your Shop?

by PawnMaster | Aug 8, 2018 | Gold, Gold & Jewelry, Jewelry, Precious Metals, Scrap Jewelry

Most, if not all, pawn shop collect and bin their scrap jewelry and eventually send this collection off to a refiner. If you’ve dealt in scrap jewelry before, there are a couple of words that you’ve definitely heard when it’s time to send your scrap...
PRECIOUS-Gold steadies after worst fall since November 2016

PRECIOUS-Gold steadies after worst fall since November 2016

by PawnMaster | Jun 18, 2018 | Gold, Gold Buying

The stronger dollar dampens demand for gold by making it costlier for buyers holding other currencies, while geopolitical uncertainty fuels interest in bullion as a safe investment. Spot gold was flat at $1,278.71 an ounce at 1434 GMT, while U.S. gold futures for...
Gold snaps 3-day losing streak as stock-market selloff sparks haven demand

Gold snaps 3-day losing streak as stock-market selloff sparks haven demand

by PawnMaster | Apr 24, 2018 | Gold, Gold & Jewelry, Gold Buying, Gold Refinery, Precious Metals

Gold settled higher Tuesday, on the heels of three consecutive sessions of declines, lifting prices up from the roughly one-month low they settled at in the previous session. Gold gained as a steep decline in a benchmark U.S. stock index drove haven demand for the...
Gold scores its highest finish in a week

Gold scores its highest finish in a week

by PawnMaster | Apr 20, 2018 | Bullion, Gold, Gold Buying, Precious Metals

Gold futures notched their highest finish in a week on Wednesday but maintained the tight trading range seen over the last several sessions, as U.S. stocks struggled to hold gains and the dollar stabilized.
Wait before You Say, “Oh that…. Yeah We Throw that Away!”

Wait before You Say, “Oh that…. Yeah We Throw that Away!”

by PawnMaster | Apr 5, 2018 | Gold, Gold Refinery, Refining Views

“Oh that …. yeah we throw that away.” “The vacuum bags – yeah we usually just toss them.” “No we don’t really keep that stuff.” I used to hear these phrases a lot when I first got into the industry 18 years ago.
U.S. Gold Refinery Pleads Guilty to Anti-Money Laundering Charge

U.S. Gold Refinery Pleads Guilty to Anti-Money Laundering Charge

by PawnMaster | Mar 22, 2018 | Gold, Gold Refinery

U.S. Gold refinery Elemetal LLC, based in Dallas, Texas, doing business as “Elemetal” and “NTR Metals”, pled guilty today to a single-count information charging Elemetal with failure to maintain an adequate anti-money laundering program, in violation of the Bank...
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