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The Spot Price and the Bullion Trade…How It Works…

We recently received a bad review from a client who was upset that we didn’t pay full spot for a 1 ounce Krugerrand. In my interaction with this client surrounding his review it became very clear that he had a warped understanding of what we routinely refer to as the “spot price” and how that number impacts the precious metals trade as a whole. That disconnect lead me to the idea for this blog post… Read more

How Can You Get Full Value For Your Gift Cards?

By using your gift cards at the retailer who issued them!

We get this question regarding gift cards on the phone and in-store all the time. We also get customers who are under the impression that someone somewhere will pay full value for their cards. This is a common misconception in the cash for gift cards industry; but it shouldn’t be. The term ‘Gift Card Exchange’ is even a trending Google search term.

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India’s Famed Diamond Industry Hit by Demonetization Pressure

India’s effort to “fight corruption” and “untaxed wealth” by rendering high value currency bills obsolete has created disastrous consequences in a country that, for the most part, runs on cash. Those consequences are now impacting the once thriving diamond trade in India…

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Cash For Gift Cards Right Now!

Gold Rush Will Pay Cash For Your Gift Cards…well, most of them!

Gold Rush is one of Colorado’s largest cash gift card buyers. 7 days a week, in all 6 Colorado Gold Rush locations, our Specialist will pay cash on the spot for gift cards from most major retailers. According to the Mercator Advisory Group, gift card spending in the United States has grown from $40 Billion in 2003 to well over $100 Billion in 2014. Some of the key data points from the study include…

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Is The Gold Correction Over?

Is the gold correction over?

The gold business is a funny thing. We wake up in a new world every day. Gold is up, now it’s down. We rinse and repeat this cycle nearly every day of the year and hundreds of times throughout the day and night worldwide. Add to that chaos the fact that everybody is a “gold expert” and you have a global tug-of-war. The “experts” are fighting to control the perceptions of any investor who would even consider gold in their portfolio. And have no doubt that there is a big fat black line dividing the gold bugs and the naysayers. Read more

Recently salvaged shipwreck gold from 1715 Plate Fleet reaches market

Nearly 300 gold coins discovered nearly 300 years after the famous 1715 Plate Fleet shipwreck are now coming to the market.

The coins are worth an estimat­ed $1 million or more, according to John Albanese, who brokered the deal between the salvors and the firms now selling the coins.

 

More than 200 of the coins were found July 30 and 31, 2015, the 300th anniversary of the hurricane that drove 11 of 12 ships to the floor of the Atlantic Ocean.

 

The treasure was found in only six feet of water just 100 feet from the beach in Vero Beach, Fla., by salvors working for 1715 Fleet-Queens Jewels LLC.

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The Industry’s First Marketing Campaign in 5 Years for Diamonds

Retail sales for Diamonds have been dropping for years as Millennials come of age in the US. They just dont seem to be seeking out diamonds, or other premium jewelry, as generations of retail shoppers have done in the past. So the diamond industry is adjusting their marketing in order to bring new business into the retail diamond trade.

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