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The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook and Google+ pages.

Fifth Largest Gem Diamond Sold for $40 Million

September 18, 2018 07:00
Fifth Largest Gem Diamond Sold for $40 Million

A 910-carat diamond from southern Africa was recently sold to an undisclosed buyer in Antwerp, Belgium, for $40 million. 

The gem is a D color, Type 11A, which is the highest color and quality rating possible. It’s also the fifth largest gem-quality diamond that’s ever been discovered, according to Diamond District Monthly.

Experts estimate that it could produce 10 to 30 high-quality, smaller diamonds of varying sizes.

The diamond has been nicknamed the “Lesotho Legend” after its country of origin.

Many large diamonds have been found there, including the “Lesotho Promise,” which was 603 carats and sold for $12.4 million. 

It was cut down to 26 smaller diamonds, each one as flawless as the next.

 

Source:



Diamond District Monthly, May 2018
USA Today

Buy & Store Your Precious Metals With MGS

September 11, 2018 07:00
Buy & Store Your Precious Metals With MGS

Manhattan Gold and Silver proudly announces the addition of a “Bullion Investment & Storage” section on our website! The online portal will allow you to safely purchase gold, silver, palladium, or platinum bullion bars and coins. It’s a great opportunity to buy precious metals any time, anywhere — from the privacy of your home, business or on the go. Some of the products we offer include:

  • Gold Bullion Bars — Ranging from 1 oz. to 400 oz. bars
  • Gold Coins — Including the American Buffalo, American Eagle, Australian Kangaroo, Australian Philharmonic, Canadian Maple Leaf, South African Krugerrand
  • Silver Bullion Bars — 100 and 1,000 oz. bars
  • Silver Coins — Including the American Eagle, Canadian Maple Leaf and Australian Philharmonic
  • Palladium Bullion Bars — 1 oz. bar
  • Palladium Coins — Canadian Maple Leaf
  • Platinum Bullion Bars — 1 oz. bar

We also offer the option to buy secure storage for your precious metal purchases. Items can be stored in New York and are reconciled on a daily basis, so you can rest assured that your purchases are being closely monitored. Additionally, a "Big Four" auditing firm physically checks all of our clients' precious metal holdings annually.

Existing customers are already one step closer to buying precious metal bars and coins through our website. Your current login will allow you to access the new Bullion Investment & Storage portal, no additional set-up necessary!

New to our site? Create an account today to get started!

Three Advantages of Buying Gold Online

September 4, 2018 07:00
Three Advantages of Buying Gold Online

In today’s digital age, you can pretty much buy anything online. Case in point, a DJ once put a leftover half-eaten piece of Justin’s Timberlake’s French toast on eBay, which sold for $1,025.

When it comes to buying gold online though, you might be a little more skeptical. And rightfully so, especially when you read stories about counterfeit gold bullion being sold through auction websites.



If you buy directly from a reputable dealer or refinery, however, there can be major benefits to buying gold online. Here are three of them.

  1. It’s quick and easy. Nearly eight in 10 Americans are online shoppers, according to the Pew Research Center. It comes as no surprise: Today’s shoppers want convenience — and what’s more convenient than shopping in your pajamas from your couch? In terms of bullion, buying it in person means rearranging your schedule around the times that the dealer is available, as well as trekking there in person. 


  2. It’s priced to sell. Buying in bulk often allows dealers and refineries to get the best pricing for bullion, which might then pass on to you. Manhattan Gold & Silver (MGS) actually sells its own branded 999.9 fine bars, which are sealed, certified and labeled with serial numbers. This gives you the peace of mind that you’re not only getting a fair deal, but also an authentic product.

  3. You don’t have to worry about storage. Most houses aren’t built with a strong room, which is designed to protect valuable items against fire and theft. As a result, when you buy a bullion bar or coin, you also have to find a place to store it. Buying gold online often comes with the option to either ship the items directly to your house or have them safely stored on your behalf. If you select the latter option, just make sure to ask the company how your assets are being safeguarded from theft.

Did you know that you could purchase gold, silver, platinum, or palladium bullion bars and coins directly from our site? You can choose to have them shipped directly to your house or stored at one of our secure locations. The precious metal assets stored at our facilities are reconciled daily and audited annually. So you can rest assured that your assets are in good hands.

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