Australia-based Kaiser Reef has entered into a definitive agreement with Catalyst Metals to acquire the Henty gold mine and associated exploration tenements in north-western Tasmania in a deal valued at A$31.6m.
Under the deal, Kaiser will make an upfront payment of A$15m and issue A$16.6m in shares, offering Catalyst a 19.99% stake in the company.
Following the acquisition, Kaiser’s enterprise value will reach A$67m, encompassing three gold mines, including one under care and maintenance and two gold processing plants.
“Kaiser will continue to re-invest into Henty and build on what Catalyst has already achieved. We are very pleased to have Catalyst’s continued involvement and exposure to the upside at Henty, both as Kaiser’s major shareholder and through their board representation.”
Silver price (XAG/USD) retraces its recent gains from the previous session, trading around $29.80 per barrel during the Asian hours on Wednesday.
People’s Bank of China (PBOC) Governor Pan Gongsheng stated on Monday that “interest rate and reserve requirement ratio (RRR) tools will be utilized to maintain ample liquidity.” Gongsheng reaffirmed China’s plans to increase the fiscal deficit and emphasized that China will continue to be a driving force for the global economy.
“Copper is like the second most important thing the Defense Department uses in order to make its weapons systems. And we’re in a situation now where worldwide there’s a glut of copper,” Navarro told Schmitt. “There’s a dumping of copper into our markets. And we’ve lost our ability to both smelt copper, which is taking the ore and getting the raw copper and refine it into the products we need. And it’s a serious thing.”
Pan American Silver’s shares slumped Monday in the wake of the Canadian miner’s move to buy smaller producer MAG Silver in a cash-and-stock deal valued at about $2.1 billion.
In morning trading, the shares were 14% lower at C$32.61 in Toronto and down 15% at $23.17 on the New York Stock Exchange. MAG Silver in contrast jumped 8.1% to C$25.49, widening its advance so far this year to 30%.
The deal between the Vancouver, British Columbia, companies will bolster Pan American’s position as a silver-and-gold producer in the Americas and add a stake in a big producing silver mine in Mexico. The agreement comes after precious-metals prices have rallied this year, encouraging a number of mergers and acquisitions among mining companies.
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.
“Silver’s been a laggard, and some would refer to it as the Cinderella metal, because it always misses the ball. Having said that, silver has finally woken up and broken above some key technical resistance,” independent analyst Ross Norman said. If current momentum continued, silver could challenge the $35 level, he added.
“Silver has a long history of higher volatility than gold, and that when gold makes a decisive move, silver’s amplitude is usually 2.0-2.5 times that of gold,” StoneX analyst Rhona O’Connell said in a recent note.
Texas proposes gold and silver-backed currencies to compete with fiat money
“Under the proposed law, the Texas Comptroller would issue gold and silver specie (coins) through the Texas Bullion Depository and also establish gold and silver transactional currency defined as ‘the representation of gold and silver specie and bullion held in the pooled depository account,’” wrote Mike Maharrey, Communications Director at the Tenth Amendment Center. “The Depository would be required to hold enough gold and silver to back 100 percent of the issued currency.”
If approved, the bills would enable “Holders of gold and silver specie and currency to use them as ‘legal tender in payment of debt,’ in the state of Texas,” he noted. “The gold and silver-backed currency would be electronically transferable to another person. Gold and silver-backed currency would be redeemable in specie or at the spot price of gold in U.S. dollars minus applicable fees.”
Northeast Numismatics has special Lexington-Concord commemorative
Northeast Numismatics of Concord, Massachusetts, is the lone supplier of the special 2025-dated commemorative coin altered for this occasion. “We realized we were coming up on the 250th anniversary a few years ago and got the idea to do something special,” said Northeast owner Tom Caldwell.
