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 page.

Will Gold Highs Continue in 2011?

January 12, 2011 22:57

Will Gold Highs Continue in 2011?  It is the beginning of 2011 and the new year is bringing with it optimism about the U.S. economy that hasn't been seen in a very long time. The stock market surged in early January 2011 and it seems that traders are looking wistfully at the New York Stock Exchange's daily numbers and thinking "Perhaps it's time to get back in."

But what is seen in the stock market reflects differently in commodities, and specifically precious metals and gold. It was more than bleak feelings about the stock, housing and employment markets that sent American consumers home from the stores, drove down home and car sales and drove investors toward gold, which is viewed as one of the world's safest investments. There were troubles, bubbles and bad faith dealings which we’ve been struggling to put behind us for several years. So, are lovers of the yellow metal ready to put aside the hand-wringing and get back to confidence in the American dollar?

There are numerous predictions out there. The gold futures market ended the year at over $1,400 per ounce. That's up 29.7 percent from 2009. It's hard to anticipate that type of explosive growth could be sustained. Indeed, the price has already fallen below the $1,400 mark.

Still, there are indications that gold may be about to take some hits. Some Wall Street strategists predict that gold and other commodities will slip by the end of this year, with gold still above the $1,300 mark, but nowhere near the $1,400 mark where it began 2011.

We should point out another bright spot historically: even when economies recover, gold doesn't necessarily lose any of its value. The prices could hold without increase, while the dollars at play in the economy gain in value.

Of course, the key to successful use of gold in your business is to turn it over quickly. That way you can purchase more gold and get back to being part of what makes the market optimistic on an ongoing basis, which is doing business. We hope you had a great holiday season and look forward to a highly productive 2011. We're a B2B company specializing in remelting precious metals at your convenience.

Gold Dispensing ATMs

January 10, 2011 09:22

We usually like to discuss aspects of precious metal prices, remelting and so forth here on the Manhattan Gold and Silver Refining website, but recently we saw something so intriguing that we thought we'd bring it to your attention: a gold ATM.

It's an interesting prospect, isn't it? An ATM machine that dispenses gold instead of cash. The machine is the brainchild of German company, Ex Oriente LUX AG, which owns "Gold to Go" ATM and operates them in 20 or so different countries around the world, including Abu Dhabi, Spain, Italy and Germany.

In late 2010, they installed one in an upscale shopping mall in Boca Raton, Florida. You can now drop by Nieman Marcus for a little shopping, then veer right just before the food court to find the Gold to Go ATM where you can purchase gold.

That’s right, the Gold to Go ATM dispenses gold coins and bars of up to eight ounces with prices based on the most current gold prices updated every ten minutes. Can you imagine what it would be like to be able to go to the corner store and buy some gold? Well, if you’re near Boca Raton or any of the other Gold to Go locations, you don’t have to imagine, you can simply try it out for yourself. Gold can be purchased from the Gold to Go machine using cash or credit card in a similar manner as a traditional ATM machine works – insert your cash and out comes your boxed and wrapped gold piece, which you can keep for yourself or give as a unique – and valuable – gift.

At Manhattan Gold and Silver, we are one of the most trusted gold and silver melting companies, in the business for more than 25 years. In a reverse gold-to-go model we’re in the business of taking in your gold and precious metal lots – big or small –and returning to you capital based on the latest prices via the London Daily Fix.

Recycling Dental Gold and Palladium

January 5, 2011 04:15

If you've been watching the news lately, you may have seen some concerning reports about silver amalgam fillings. Some studies have expressed concern that silver amalgam fillings may be linked to chronic illnesses like asthma and allergies, and other medical conditions due to trace amounts of Mercury they contain.

As a result of such news stories, many consumers and dental patients are opting to have their dentists replace their older silver amalgam fillings with newer, Mercury-free composite fillings.  Most modern dentists offer composites, which cost slightly more than the amalgams, but can be color-matched to patients’ teeth for an almost “invisible” appearance.

We actually do not process the silver filling due to the mercury they contain.  We strongly advise clients not to melt the material and avoid buying it.  Dental gold and palladium is not a problem for us to process.  The price of silver continues to be strong and we pay for your dental gold based on the London Daily Fixing.  In addition, if you have any unwanted equipment or apparatuses from your practice that contain silver, gold, platinum, or palladium, we can also assist with recycling those. Contact us today to learn about how we can help with all your dental precious metals refining needs.

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