Holding the Gold?

If you’re using a lot of gold in your business, then you’ve noticed the price fluctuating a bit recently. It’s been trending upward for the last several years, but there are little ups and downs in the market on a daily basis. Gold itself is such an interesting metal that watching its market ebb and flow can be quite addictive.

Given the seemingly constant changes in the market and the speed of most businesses nowadays, it typically makes sense to turn your gold over quickly to maintain steady cash flows. Your best profit margins are almost always found on reinvesting assets back into your business: turning scrap precious metals in for remelting, getting the value out of them, and returning those funds back to the business. You might realize a few dollars here or there, but we’ve found that if you hold gold waiting for the price to hit a certain amount, the chances are equally great that the price could go in the opposite direction. Holding gold that isn’t actively keeping your cash moving is like holding onto a check: if you hang on to the scrap of paper, it does your business no good. But cash the check and the money is contributing value, increasing productivity and helping to realize more profits.

Manhattan Gold and Silver Refining Services is in business to help you with that. We’re ready to help you turn around the scrap metal from your business as soon as you turn it in. That’s the best way to make a profit for your firm.

Manhattan Gold & Silver Update

We are open for business with limited hours from 11am - 2pm. The easiest method for metal processing is to either mail, or drop off/curbside service. Customers will not be allowed in the exchange at this time. 

If you have any questions you can still contact us at 212-398-1454 and sign up for our newsletter for further announcements.

Most importantly, please stay safe! 

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