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Judy Shelton, a great companion of the independent institute, was wrong about Winston Churchill, who returned the Gold Standard Gold Standard.
We are in the middle of the gold rush 2.0. But this time people do not make money to find gold – they sell the money.
With gold near gold, While selling an ounce of more than $ 3,200, folk jewelry bins and are directed to pawnshops, bracelets, bracelets, bracelets and earrings to the pawnshop, jewelry and spots to turn the earrings cold hard cash.
“Every day we are looking for jewelry and belongings, looking for jewelry and belongings by pressing the cabinets and belongings, pressing jewelry,” said Sabashden M. Hernandez A & M precious metals Los Angeles’s jewelry district. “I didn’t see anything like that. It’s been about eight years in this work and it was pretty crazy for me.”
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And people in A & M get their money worth their money. Because the price of gold is so high, and customers receive 99% of the market value of gold. The store is cut only 1%.
How do A & M earn? The quantity. Hernandez already gets a good day 400 ounces in gold – In 24K, it is more than $ 1.2 million.
“A few years ago, we would set seven to eight meetings a day. Now we are in a day 15-20 schools,” said Hernandez.
Hernandez said he acted as a mediator in the shop. Gold melts on golden sticks sold for later processing. Those who trust make it a form that jewelers can work to return to the store. And all made in several block radius in Los Angeles.
Part of the gold melting process in A & M valuals in Los Angeles. (Fox Working Network / Fox News)
Hernandez, a bank full of gold granules – it takes 1 kilogram of content.
“Jewelers in the jewelry district can make these chains and things,” said Hernandez. “Today the weight is about $ 107,000.”
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The place behind the front office is where the magic happens. Alberto Hernandez, Sabashden Hernandez’s uncle and more than 20 years mixed up. Their stitcher fahrenheit can hit 6,000 degrees. But today it works in about 2,000 degrees – a golden-colored golden point.
After the gold weighs and qualities, this is thrown into my husband. In a few minutes and with the help of Borakh to filter the impurities, in the faded shape. Then he was poured into a mold, cooled in the water, buffed and weighed.
The melting point of gold is Fahrenheit 2000. (ITOK / ISTOCK)
“We lowered it, and we will send it to the unbeliever. Thus, when we went to check it at the moment, he even confused him to be able to check it at once,” he said, “Alberto Hernandez said.
Checking for gold cleaning. Fourteen carat gold is 58.3% clean, and 24 carat gold is 99.9% clean (market price consists of 24 carat gold).
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After checking for purity, the customer walks with cash – often surprised How much money they made up.
Fourteen carat gold is 58.3% clean, and 24 carat gold is 99.9% pure. (Reuters / Mike Segar / Reuters Pictures)
“I have more than $ 3,000 for them to have more than $ 3,000, there are more than $ 3,000. That is why Alberto Hernandez said.
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Hernandez, every day changes to work. When gold is stuck in the morning, they get more meetings. When below, it becomes a little slow. Sometimes customers bring more Heirloom and antique than weights in gold.
“I tell them:” Do you want to melt it really down? “” Said Hernandez. “It’s in this antique ‘and only because they want to do it, they want to do it because the gold is hot because they are hot.”
