Chilean state miner Codelco, the world’s largest copper producer, is targeting production of 1.391 million metric tons of the red metal this year, according to an unpublished government decree approving its 2025 budget reviewed by Reuters.
In calculating its budget, Codelco forecast a copper price of $4.30 per pound and expects a cash cost of $1.98 per pound, the document showed.
Source – Reuters
Musk has cast doubt on whether the gold remains at Fort Knox, writing on X: “This gold is the property of the American people. I sure hope it’s still there!”
“Who is confirming that gold wasn’t stolen from Fort Knox?” Musk also posted.
Source – ABC News
Anglo American said it does intend to sell the remainder of its retained shares over time, and said that it will not hold any representation on the Anglo American Platinum board after the split.
Source – Morning Star
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!
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.
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!
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.
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.
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.
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.
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.
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!
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.
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:
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!
This directory is 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.
Ready to start your search? Browse this directory of verified gold and silver dealers across 19 states
Good luck on your journey to finding your spot to purchase or sell your precious metals!
Three-month copper on the London Metal Exchange (LME) rose 0.1% to $8,949.5 a metric ton in official open-outcry trading.
Adding further pressure, the International Copper Study Group said on Friday that the global refined copper market was in a 287,000 metric ton surplus for the first 10 months of 2024.
With a mean reversion strategy in play, copper is likely to strengthen back above the crucial $9,000 mark, Sucden Financial analysts said.
Source – ZAWYA
Gold
Gold tests resistance at $2930 – $2940 as traders bet that demand from central banks will stay strong in the upcoming months.
Silver
Silver gains ground as traders react to the strong performance of gold markets. RSI is in the moderate territory, and there is enough room to gain momentum in the near term.
Platinum
Platinum is stuck near the $1000 level as traders wait for additional catalysts.
Source – FXEMPIRE
An internal document seen by Reuters showed Codelco’s production reached 1.328 million tons in 2024, at the low end of its target range and just about 3,500 tons higher than the quarter-century low in 2023.
The worker, who asked not to be identified because they were not authorized to talk about internal operations, said Codelco has yet to fix bottlenecks in transporting minerals in the mine.
Cristian Cifuentes, an analyst at the Center for Copper Studies (CESCO), said that the Ministro Hales mine is still at reduced capacity and the ramp up of Chuquicamata Underground has been “slower than we all thought.”
Source – Reuters
