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Gold Recycling Is Back In Vogue As Prices Rise

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Jewelers adjust, and refiners see more volume.

Thanks to rising gold prices, gold recycling is up more than 10 percent in the first six months of 2016 over the same period last year, Bloomberg reports. “More people are unloading old treasures, recyclers are expanding capacity and some jewelers are seeing their businesses transformed,” the article says. A London jeweler told the news organization that it is buying more gold than it is selling these days, and gold refiners in London and Dallas report significantly expanded volumes. Gold prices have risen 26 percent in 2016.

Read more at Bloomberg

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You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”

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