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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...
“I salt my lots by throwing in Platinum to make sure my Refiner is honest.”

“I salt my lots by throwing in Platinum to make sure my Refiner is honest.”

by PawnMaster | May 16, 2018 | Precious Metals, Refining Views

The first time I heard this, I was shocked! Then it was endless stories of pawn owner’s explaining how refiners didn’t find their platinum. So let’s talk about this elusive metal. To start, sneaking metal into your refining lot is never a good idea, especially...
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.
Fake Gold

Fake Gold

by PawnMaster | Dec 6, 2017 | Gold, Gold & Jewelry, Gold Buying, In The News, Industry, Precious Metals

To the right is a gold chain that GEIB received in with a melt lot. We noticed the chain, along with a few other pieces but something about this piece in particular just didn’t add up to being “RIGHT”, so we went a little further on this rope chain. For...
Gold recovers lost ground as dollar steadies, stocks

Gold recovers lost ground as dollar steadies, stocks

by PawnMaster | Nov 13, 2017 | Gold, Gold & Jewelry, Industry, Precious Metals

Gold recouped some of the previous session’s hefty losses on Monday as the U.S. dollar steadied and uncertainty over a U.S. tax reform plan stoked risk aversion, pulling equities from their recent record highs. Prices remained stuck in a narrow range, however,...
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