The trade war stirred by U.S. tariffs raises a risk for metal demand, the head of Chile’s Antofagasta said, although he predicted AI and other technology could offset any loss of traditional consumption caused by economic weakness.
He also said President Donald Trump’s policies could lead to a more favourable environment for investment in mining
Antofagasta CEO Ivan Arriagada said he expected supplies of copper, needed for construction and the transition to a lower carbon economy, would remain in limited supply.
“In the current environment, where there is a lot more support for mining investment, it should be easier and should happen,” Arriagada said
“What we have seen is the change in the motive for safe-haven buying – from being driven by the Middle East uncertainty to the threat and realisation of tariffs,” said Philip Newman, managing director at consultancy Metals Focus.
“Strikingly, gold was rallying as inflation eased, and it looked as though all of our understanding of how gold prices behaved was being challenged,” said independent analyst Ross Norman.
Nicky Shiels, head of metals strategy at MKS PAMP SA, said that while prices could break out towards $3,200, resolution of physical gold dislocations attributed to tariffs and potential structural changes including reduced risk appetite, reduced participation and reduced liquidity are increasingly bearish.
Bear (in finance) – is an investor who believes that a particular security or the broader market is headed downward and my attempt to profit from a decline in stock prices. Bears are typically pessimistic towards a state of any given market or underlying economy.
Idaho Strategic Resources Inc – is a resource based company that develops and extracts precious metals like gold, silver and base metal minerals in North Idaho.
Panama has approved First Quantum Minerals’ maintenance plan for its closed copper mine in the country, but not a re-start of the site, a top trade official said on Friday
Trade and Industry Minister Julio Molto said the plan included environmental safety measures that were necessary following the abrupt shut-down by government order under the prior administration in late 2023.
“The mine is not being reopened. We’re authorizing the implementation of the care and safe management plan to ensure it is environmentally protected,” Molto told a press conference.
He said that experts estimate that process could take three to six months, accounting for environmental measures.
Proposed designs for the obverses of the Proof 2027 and 2028 American Eagle platinum $100 coins — for the second and third years in the three-coin Charters of Freedom series — were recommended Feb. 18 by the Citizens Coinage Advisory Committee.
Gold prices in Lucknow continue to reflect the national upward trend, with 22-karat gold priced at Rs 9,395 per gram and 24-karat (999) gold at Rs 10,248 per gram as of Wednesday. These rates are slightly higher than those in several other major cities, including Chennai, Mumbai, Bengaluru, Hyderabad, and Kolkata, where 22K gold is priced at Rs 9,380 and 24K gold at Rs 10,233 per gram.
Have you been looking for a place to sell your gold and silver valuables? Are you having trouble trying to figure out how to find reputable gold dealers? Or have you just wondered where to buy gold and silver bullion and coins? Maybe even platinum or copper? Well here is the simple guide to finding reputable gold and silver dealers in your state.
I’m currently building a comprehensive directory of gold and silver dealers across all 50 states HERE, and through this process, I’ve learned that not all “gold dealers” are created equal. Many shops listed on Google as gold dealers are actually jewelry stores, pawn shops, collectible shops, or novelty stores not specialized precious metals dealers.
This confusion makes it frustrating for investors and collectors like you who want to find legitimate bullion dealers who understand the market, track current spot prices, and offer fair, transparent pricing. That’s what this guide is all about helping you cut through the noise and find reputable gold and silver dealers in your state.
Let’s get started!
What Makes Gold Dealers Reputable?
When dealing with decisions like spending your money like on anything really, you want to make sure you’re purchasing an item from a place you can trust. Make sure that when you’re searching you find out if the gold dealer is licensed or certified. This helps build trust for you and brings you back to a reputable place.
Finding a physical storefront is one of the key signs of reputable gold dealers. Unlike online only operations, reputable gold dealers with physical locations offer face-to-face service where you can ask questions, inspect products before purchasing, and build a trusted relationship with knowledgeable staff. This is my preferred way to purchase gold and silver. I like to know what the they have, when they might get more silver rounds or gold rounds, and the list goes on. It’s the piece of mind that I’m buying from a real person that just makes the buying process easier.
While looking or calling around make sure to pay attention to when the dealer has been established in the area. The business could be apart of the community for as long as 10 to 20 years or more and others as little as a year. This could be important to you as it could show that it is a trusted business, has made a name for itself, and is trusted in the surrounding community.
Once inside the establishment ask questions. Make sure the people you are talking to are transparent on their pricing and their processes. What they look for when buying gold and silver. How they do their percentage vs the spot price. For example, some dealers will give you 80% of the value in cash or check.
Reputable gold dealers storefront exterior
Red Flags to Avoid
There are some red flags to look out for when checking out these shops. Many that I have found have not had these red flags but that’s also because I know what to look for so let me help!
No physical address or “mobile only” operations
When I have googled some locations you will only see a street and real address to go to but they have a website. Check the website, trust me that’s a sure fire sign that’s an online business and they don’t take walk-ins or have any items to physically look at. This is a red flag because it looks dishonest to those who want to see what they are buying or want to sell their valuables.
Pressure tactics or “limited time” offers
Feeling pressured into buying their items or selling your valuables without getting a second quote is unprofessional and disrespectful of you and your time. That’s your red flag that you need to go elsewhere. There is also no such thing “limited time” on gold and silver. This isn’t a sale of merchandise that can be marked down that’s not how precious metals works.
Prices that seem too good to be true
Similar to the “limited time” offers, these are prices that just can’t come down like that. This could mean that these precious metals are not 100% gold, silver, platinum pieces. These could be “mixed” metals and/or could just be plated in gold that could bring the price down.
No reviews or all negative reviews
Having no reviews at all is not a good sign for businesses that are claiming to be “gold dealers” or “coin dealers”. So that is definitely a red flag. And of course if there are only bad reviews that you see within the first scroll through, and I’ve seen some, maybe don’t go there.
Unwilling to show credentials or explain process
This is a no-brainer. If the store owners or managers don’t have their credentials at least mounted somewhere or are unwilling to tell you how they handle their process HUGE red flag.
Cash-only, no receipts
Another no-brainer, if you’re not given a receipt. I’m sure many would think “why would I want a receipt?” Well the answer is clear. You will need this for your and their protection. If you are someone who is selling their coins for cash you, as the customer, need documentation that you agreed to the price given to you for the cash or check you receive. This is also have your signature and carbon copy (usually). But if this is not something that happens RED FLAG!
What to Look for in Reviews
I will admit that there are some locations across the U.S that I have added to the directory that don’t have many reviews. Some are newer locations and there might be a beaming review by just a few people but that speaks volumes to some. Generally you want to look for positive feed back of course. When it comes to physical locations seeing more positive reviews is always a plus and helpful.
Make sure to look for more recent reviews those are always helpful. Older reviews can be helpful too if it’s on a specific note that showcases experience or professionalism. Mentioning specific specialties in precious metals is always a plus but not very common unfortunately.
Definitely look for keywords like “professional”, “excellent service”, or “knowledgeable” these will help you before calling or walking in. These keywords show that they are helpful and when seeing more of this will give you a more confident outlook before going in person.
Customer meeting with reputable gold dealer
Questions to Ask Before You Visit
Every time you go somewhere I’m sure you’re expecting for someone to approach you and ask “Did you have any questions?” or “Is there anything I can help you with?” well when going into some of these shops you may or may not be greeted. That’s happened to me, no greet but once I walked up and spoke to the person behind the counter I started asking questions and he was very helpful.
Some questions you might want to ask when going into a precious metals establishment may be:
Are you licensed and insured?
What’s your testing process?
How do you determine pricing?
What forms of payment do you accept?
How do I receive payment?
What are some types of metals or collections do you accept?
Do you do trades? (some do but don’t expect it)
Do you buy estates?
I’m sure there are many more that you can think of but here are some questions that would benefit you. My most important question when I first walked in was “What is your percentage?”. I wanted to know if they go by spot price and take their percentage. Some are higher than others but you have to ask or they won’t tell you.
Just ask as many questions that you need. Asking questions is key!
How To Use This Directory
This directoryis fairly new but I have put lots of time into making sure that you are able to find a local gold dealer in you area. I have gone through 19 states so far and counting! I am currently posting a new state every few weeks.
When going through the directory, look for your state, when in your state there will be Gold Dealers in you area and Coin Dealers in your area. In some cases you will find a section with Refineries in certain states. Unfortunately not all states have refineries in the area.
This directory will have physical shops ONLY. Anyone can look online and find gold and silver dealers and many will want to go that route. Here the goal is to help you find a location that’s not a pawn shop and specializes in coins, bullion, jewelry, banknotes, silver, gold, platinum, and more.
You will find the names of these shops, location by map, phone number, hours, and rating. If you hover over the name of the shop it will link to their website (If Any).
I am constantly trying to improve the user abilities of this directory. You can also find some other blog posts I created, like these:
Don’t be afraid of doing a little more research or calling around before walking into an establishment. Trust your instincts. Ask any questions you may have you’ll be surprised how knowledgeable reputable gold dealers are and how willing they are to educate customers.
