What Do Gold and The Price of Tea in China Have in Common?

Gold barsIs this a riddle? No.  What do gold and the price of tea in China have in common? They are both falling.  The question is why. And the answer my friends, is blowing in the wind, the answer is blowing in the wind.

Actually, I don’t know the answer, which is why I am reaching out to my readers, who are smarter than me and probably smarter than a third grader too.  So, for those of you who have been selling your gold, you might want to buy it back, because the price of gold has plummeted.  And I mean like a ton of gold…er bricks. [Read more...]

How Do You Know Your Precious Metal is Precious?

precious metalBeing in the jewelry buying business, I buy a lot of gold.  But, before I buy any gold, I do two things.  First, I look for a quality mark with my loupe and then I test it with our gold tester to see if the purity of the metal matches the stamp on the gold.  I realize that not everyone has a gold tester, and sometimes you might find a 14 kt stamp on an item that is not really 14 karat gold, so it’s important to know how to tell if your precious metal is really precious. [Read more...]

Is Your Metal Worth Its Weight in Gold?

Scrap GoldThe price of gold is on the rise, which means that if you own gold, whether it is jewelry, coins or even bullion it is worth more today than it was even a week ago. This has produced lines at some gold buyers shops and gold buying parties are popping up all over the place.

But, before you go down to the local gold buyers shop on the corner, it’s important to have an idea of what you gold is actually worth, and I am going to tell just how to do that in a very easy way, so you are armed with all the information you need and know whether or not your metal is worth its weight in gold. [Read more...]

The Gold Digger or How I Got Screwed

Sell Gold for CashThis is a true story.  Not based on a true story, but an actual true story that happened to me about a year ago. Being a gold buyer is not glamorous and can be scary. You have to always be on your guard because you never know who you are dealing with.

I consider myself pretty savvy.  I am a big guy and don’t scare easily and can be intimidating when I need to be. Needless to say, I don’t get run over very easily and I am pretty proud to say I don’t make that many mistakes, at least I hadn’t until I met the “Gold Digger.” [Read more...]