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Target Your Second-Tier Gold Inventory When Gold Prices Are High

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With gold hitting record highs in 2024 (and 2025), it’s not enough to melt just some of your old inventory and previous buying mistakes, says Evan James Deutsch, the founder of Evan James Ltd in Brattleboro, VT. You need to target the “second tier” of inventory (that will probably never sell) as well. This inventory is logged on a spreadsheet, broken down by department and is available to be melted immediately “should we ever need overnight cash,” he explains. “When you look at how much money is available to you, it’s quite sobering and should be a large part of your emergency backup plan.”

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