Posts Tagged: ‘gold’

A business adding bling to downtown Rutland

October 20, 2014 Posted by admin

Between them Jean-Louis Desjardins and Ivan C. Rochon have clocked over 70 years in the jewelry business; they say the business runs in their veins. Partner-owners of Desjardins Rochon Jewelers located at 7 Center St. in downtown Rutland, they jokingly abbreviate the name of their business to DR Jewelers and call themselves the Doctors of Love. Here, they talk about their business which has been adding a little bling to downtown for over two generations.

What is the nature of your business?

We are a full-service jeweler. We sell everything from large diamond rings to watch batteries, with a full-service repair shop, including watch repair, with most repairs done on-site. We also buy gold, silver, platinum, and diamonds. We currently have one associate, Ruby Pecor, who has worked with the business for 27 years. If you have met Ruby, you know why everyone loves her.

How/why did the company begin? What was the inspiration, the story behind its beginning?

Desjardins Rochon Jewelers, Inc. was founded in 1935 by Leo Munsat as Munsat Jewelers, located at 35 West St., in Rutland. Leo moved the store sometime in the 1950s to the Tuttle Building on Center Street. He passed away in the early 1960s, and Ben Desjardins purchased the store from the estate in 1968.

Later the store moved a few doors down to 7 Center St., where FB Howard Jewelers was located. In 1990, Ben sold the business to his son Jean-Louis. Ivan Rochon became a partner in 2006, at which point the store was renamed Desjardins Rochon.

How did you get to where you are today with the business (if it has changed focus, grown, downsized, etc.)?

We are where we are today because of a blend of different cultures and mix of people, giving it the flavor of the great American mixing bowl. We are hometown people with no corporate rules. Our philosophy is, if it makes sense to do so, we can change.

What makes your business unique?

The most interesting aspect of our company is that you deal directly with the owners.

Why Rutland?

The fact that the business has been around for 79 years shows it must have been a good match for historic downtown Rutland. The store has touched the lives of many families from generation to generation.

As a business owner, what is most important lesson you’ve learned?

Jean-Louis and Ivan have learned that as a small business, you have to have the ability to change during economic turndown, and to continue to give our customers The Perfect Customer Experience.

Desjardins Rochon Jewelers

7 Center St., Rutland, Vermont

802-773-7277

Facebook: desjardinsrochonjewelers

If you are a locally-owned Rutland area small business or sole-proprietorship and would like to be featured in A Business Story, please contact joanna@rutlandreader.com.

Joanna Tebbs Young is a Writer and Writing Workshop facilitator living in Rutland. Contact her at joanna@wisdomwithinink.com, wisdomwithinink.com, facebook.com/TheWritersRoomatAllenHouse or on Twitter at @jtebbsyoung.

Article source: http://www.timesargus.com/article/20141020/BUSINESS03/710209993/1006/BUSINESS

Rescue operations cut down at Nepal trekking trail

October 19, 2014 Posted by admin

Nepal closes trekking route after 38 die in storm

Nepal closes trekking route after 38 die in storm

In this photo provided by the Nepalese army, a Nepalese army soldier searches for avalanche victims at Thorong La pass area in Nepal, Sunday, Oct. 19, 2014. Nepalese officials closed a section of a popular Himalayan trekking route Sunday after rescuers, overwhelmed with last week’s snowstorms that killed 38 hikers, had to bring to safety new climbers who set out on the same mountain trails where the blizzards struck. (AP Photo/Nepalese Army)



Posted: Sunday, October 19, 2014 10:03 am
|


Updated: 11:45 am, Sun Oct 19, 2014.

Nepal closes trekking route after 38 die in storm

Associated Press |

KATMANDU, Nepal (AP) — Nepalese officials closed a section of a popular Himalayan trekking route Sunday after rescuers, overwhelmed with last week’s snowstorms that killed at least 38 people, had to save new hikers who set out after the blizzards on the same deadly trails.

The dead from the blizzards and avalanches that hit the upper section of the Annapurna trekking circuit in northern Nepal included foreign trekkers, local guides and villagers. Most of the hundreds of trekkers who had been stuck in the snow have been brought to safety, and government official Yama Bahadur Chokhyal said rescue helicopters were winding down flights.

But as the weather cleared, new trekkers began making their way up the same trails, prompting the government to close the route, Chokhyal said. In some sections, the trails were completely hidden beneath the heavy snows.

“Our rescuers and helicopters ended up having to bring down these new people while we were still trying to reach the ones who were stranded by the blizzard,” he said.

“It was burdening and confusing the rescuers,” he said.

So far, 25 bodies have been identified. Eight of the dead were Nepalese, with others from Canada, India, Israel, Slovakia, Poland and Japan. Thirteen others have not yet been identified.

The snowstorms were whipped up by the tail end of a cyclone that hit the Indian coast a few days earlier. Hikers were caught off-guard when the weather changed quickly.

Most of the victims were on or near the Annapurna route, a 220-kilometer (140-mile) collection of trails through the mountain range. The largest number of casualties was among those caught on Thorong La pass, one of the highest points on the circuit.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Sunday, October 19, 2014 10:03 am.

Updated: 11:45 am.


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Article source: http://www.dailyprogress.com/news/world/wire/rescue-operations-cut-down-at-nepal-trekking-trail/article_d5ec5e3a-5423-53da-813a-cd0208c00f47.html

Buying gold jewellery

October 18, 2014 Posted by admin

ALL that glitters is not always gold — and is one time of the year when many consumers buy gold jewellery to mark the auspicious festival of lights, Diwali.

There is also a rush to lay-by fine gold jewellery to be given on special occasions such as child birth, birthdays, engagements or weddings.

Buying gold jewellery is a big investment so buyers must ensure they are purchasing authentic gold. Gold is one of the most frequently imitated valuable.

It is easy to mistake with fake gold for the real one as they can look almost identical to the untrained eye.

The trend is clear — buyers often go for jewellery stores, which are either popular or cheaper. As they say in the jewellery world, a good name is as good as gold.

But how will a consumer know if a purchase is worth the money? Well, not everyone knows how to spot a real gold from other pretty looking yellow metal.

Consumers are often a victim of fraud where they are sold 22 karat (K) gold. When they later sell or opt to exchange the jewellery, they discover that the gold is of lower karat (18K, 14K or just gold plated) resulting in consumers losing their money

The good news is that consumers in Fiji can now access professional gold testing services at a minimum price of $15 to know if their jewellery is authentic or not.

Gold Traders Fiji, a division of Jewels Fiji, owns state-of-the-art technology, offering professional gold testing services at their Suva and Nadi branches.

What’s on offer?

* Test can be conducted for gold, platinum, silver and other metals;

* All tests are carried out in front of the consumer thus eliminating ambiguity and misrepresentation of actual gold content;

* Full test report is issued outlining the correct karat and all other metal content present in the jewellery; and

* Professionally trained test personnel will assist the consumers.

Gold jewellery is measured in 24 parts, called karats, which shows the quantity of actual gold in the jewellery. A higher number means more gold.

As the percentage of pure gold decreases, the strength of the metal increases affecting the price. So 14k gold will cost less than 18k gold. Let’s try to understand some terms related to gold.

* 24 karat gold is 99.9 per cent pure because all 24 parts are gold without traces of any other metals. 24K is referred to as 100 per cent pure gold. Since 24K gold is soft, it is often combined with other metals to make it stronger and more suitable for making jewellery — 24K is usually used for gold plating;

* 22 karat gold is 91.7 per cent pure. Generally large amount of delicate Indian and Chinese jewellery is made using 22k gold;

* 18 karat is about 75 per cent pure. It is used in more high-end gold jewelry pieces and has a deep and rich colour;

* 14 karat gold is 14/24 or 58.3 per cent pure. It provides good balance of durability and value;

* 12 karat gold is 50 per cent pure. For example, 12K would tell you that your “gold” jewellery has 12 parts of gold while the other 12 parts are other metals, making it 50 per cent gold; and

* Nine karat gold is 37.5 per cent pure while 62.5 per cent other metals.

There should be a stamp or symbol identifying the karat or percentage of gold in the jewellery. Knowing the karat will help you to establish the authenticity of the jewellery.

Gold-plated items are fast becoming fashion. With modern technology advances, the plating process and finish is so good that discolouration and gold turning colour in few days’ time will not happen. Consumers may not be able to know the difference between a gold-plated jewellery or one gram jewellery from 24k gold jewellery.

This is a regular contribution from the Consumer Council of Fiji. Email: mediaofficer@consumersfiji.org for feedback.

Article source: http://www.fijitimes.com/story.aspx?id=283449

Garage sale strategies: How to make the most of your sale – FOX 13 Tampa Bay, WTVT

October 17, 2014 Posted by admin

TAMPA (FOX 13) -

?This weekend (or any weekend for that matter), ordinary people will purge, and hope to pocket a profit.

You can call it a yard sale, a garage sale or a tag sale. No matter the name, the format is exactly the same: we collect clutter, slap price tags on it, and open for business—often haphazardly.

Unfortunately!

David Landsman, the self-proclaimed Cleanout King, believes we can do better. 

“Everything must go,” he quips.

Landsman’s full time job is running estate sales. So he knows a thing or two about how to improve your next foray into driveway retail.

“This is just a glorified garage sale,” he said of a recent estate sale. As he raced form table to table, he generously dished pro advice for amateurs like us. 

PREPARATION PAYS

An inventory is the first job in Landsman’s world. The best garage sales, he says, begin a few days beforehand with smart sellers plotting out exactly what will stay and what will go.

DISARRAY DOESN’T SELL

Landsman recommends an orderly sale. He groups items the same way a store would – and you should too.

“You’ll want to keep all the kitchen items all on one table and all the electronics on the other table,” he said. “Make it real organized.” 

ADVERTISE WISELY

Newspaper ads are a stalwart in garage sale playbook. But Landsman doesn’t recommend them anymore. He’s switched to online ads – which are often free.

“We used to advertise in the newspaper. It cost 50 bucks, but it doesn’t bring them in like Craigslist.”

SIGNS MATTER

Standout signs are key to attracting a crowd, Landsman says. He uses bright fluorescent colors and scribbles “Mega” on one ad.

“Give them something to go on,” he winks.

Stick to the basics: Address and time. Other text, like an item list, becomes clutter that robs valuable advertising real estate from what matters: your address. 

PRICE RIGHT

Landsman uses round numbers, like $1.00 and or .50. It’s easy for shoppers to understand and even easier for you to make change.

RESEARCH VALUES

When you’re doing your inventory and choosing what to charge, be sure to compare prices on websites like eBay.com. Landsman says research is especially important if you plan to sell jewelry.

“People throw their real gold in with what they think is costume jewelry– for .50,” he said. “There are pickers that come along and snap that stuff up.”

NEGOTIATE OR ELSE

Like it or not, garage sale prices are not fixed. Buyers are accustomed to bargaining. It’s engrained in the culture and you’ll simply have to deal with it.

“You’ll see me negotiating,” Landsman.

If you’re suddenly too attached to a particular item to haggle, Landsman is blunt.

“Let it go,” he said.

CONSIDER CREDIT

It’s easier than ever to attach a credit card reader to a smart phone. Using one is simple and inexpensive. Also, a garage sale that accepts credit cards makes it convenient for a buyer to spend more than their cash on hand.

Ka-ching!

PREVENT THEFT

Some sneaky shoppers are out for a 100% discount. Be on the lookout for them.

Landsman says savvy garage sales place valuable products near the cash box— which helps you keep a close eye on them. 

FUN FACTS FIGURES

The folks at StatisticBrain.com have some interesting data regarding garage sales, such as:

  • There is an average of 165,000 garage sales in the U.S. each week
  • The average selling price per item is .85
  • The best time to start a garage sale is 7:00 a.m.
  • Saturday is the best day to hold a garage sale

Click here to read more stats from StatisticBrain.com.

?

Article source: http://www.myfoxtampabay.com/story/26811228/garage-sale-strategies-how-to-make-the-most-of-your-sale

Thieves cut through brick wall, steal high-end jewelry

October 16, 2014 Posted by admin

Sanjay Zaveri was supposed to be on a plane for New Jersey early Wednesday morning. Instead, he and his wife, Usha, had to wake up in the middle of the night and drive to their Fort Mill jewelry store.

“There was a hole in the brick wall and it was a mess,” Zaveri said.

Someone cut a large hole through the brick wall in the rear of the shop and stole more than $33,000 worth of fine jewelry. Piles of broken brick and yellow insulation are strewn around the back of the store.

The burglars were inside the shop for more than 40 minutes, according to the security cameras.

Zaveri has tight security but said some of the sensors didn’t go off.

“We’ve never had a problem here,” he said.

The store is off Highway 51 near the state line and it’s not in a strip mall. There’s no outside display window and the location is off the beaten path. It’s called “Eshaan,” named after their son. They specialize in high-end gold and diamonds. Most of the gold they sell is 22-carat.

The couple hasn’t seen any crime in 14 years in the jewelry business in Fort Mill and in Charlotte.

In the grainy, dark surveillance video, shadowy figures with flashlights move around in the darkness.

The thieves smashed a display case and took the 22-carat gold items inside. A large amount of white backing paper was left after the thieves emptied box after box of jewelry on a table.

Instead of being angry, they’re looking on the bright side.

“Everything happens for a reason. We are glad there’s no loss of life or danger to anybody else,” Zaveri said.

They suspect the culprits must be people who’ve been inside the store, but they don’t remember anyone suspicious who may have recently come in.

The surveillance video appears to show at least three people inside the store.

York County sheriff’s deputies have seen that dark surveillance video. They have not released any information yet about the investigation.

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Article source: http://www.wsoctv.com/news/news/local/thieves-cut-through-brick-wall-steal-high-end-jewe/nhkBD/

Seeing green with Herbalife

October 15, 2014 Posted by admin

Ruth Lopez used to wake up early each morning, put on her nice clothes and makeup and walk around the neighborhood handing strangers little photocopied invitations to a “free, healthy breakfast.”

She says she and her sister-in-law Cecilia Lopez, who worked in security, ran an Herbalife nutrition club in their home. Cecilia kept her day job, using that income to stock up on Herbalife inventory and reach purchasing levels that qualified them for additional points and discounts.

A former teacher, Lopez is a people person. “Selling for me wasn’t difficult, because I’m a good speaker and I talk too much,” she jokes, an easy laugh accompanying the swing of her long braids and clink of gold rings and necklaces — the cheap stuff, mind you. She had to pawn all her 18k gold jewelry from Colombia to pay down her Herbalife debt, she says. Lopez believed she had it in her to convince people to join her nutrition club. But it didn’t work.

While a busy day brought eight or so customers, Lopez says, “the problem is the people that were coming today, they were not coming tomorrow. We never had a client that went to our place to drink the shake every day. Never.”

This despite following Herbalife’s instructions to keep a list with each visitor’s name and phone number so Lopez could invite them back the next day. But people were busy, she says. I don’t have the time, they’d tell her. Maybe next week.

Meanwhile, in order to maintain their Herbalife discounts, Lopez and her sister-in-law had to keep buying more inventory — as much as $2,500 a month. To expand the club operation, Cecilia withdrew a few thousand dollars from her joint account with her husband, who became furious.

“Because he was telling us all the time that it was not working, it was a shitty business,” Lopez recalls. “And we were telling him, ‘No, no, no. You will see. Maybe the next month. Just wait.’”

And Lopez’s story is hardly unique. According to Herbalife’s 2014 pitch book, 88 percent of Herbalife’s nearly half a million U.S. members didn’t receive any payments from the company in 2012. Of those who reached supervisor level, with the prospect of monthly commissions, fewer than 1 percent (0.7) made $100,000 or more. Nearly 80 percent of those who did receive payments earned less than $1,000 for the year. Among the 47 members who made it to President’s Team level in 2012, where you can earn $10,000 per month or more, it took an average of nine years with the company.

Article source: http://projects.aljazeera.com/2014/multilevel-marketing/herbalife.html

/If you can get up to 80% for your gold, sell it! We’re paying out top dollar …

October 14, 2014 Posted by admin

Did you find some old gold or jewelry when you cleaned out your closets? What if you could get up to 80% of the value of your old items? We’re paying top dollar for your antiques, gold and silver, and loose gemstones!

Stop in to Rick’s Olde Gold on Willy Street today!

Rick’s Olde Gold

1314 Williamson StreetMadisonWI 53703

608-257-7280

www.ricksoldegoldofmadison.com

Like us on Facebook

Rick's Olde Gold

Article source: http://host.madison.com/places/offers/if-you-can-get-up-to-for-your-gold-sell/article_827551f8-530c-11e4-b807-eb279aee410c.html

Asian market hubs move into gold

October 13, 2014 Posted by admin

New banks present old challenge to UK economy

Small UK banks out to challenge their incumbent peers promise simple banking untainted by past errors

Article source: http://www.efinancialnews.com/story/2014-10-13/asian-market-hubs-move-into-gold?mod=home-more-tt

Area Arts: Retirees pursue art after their first careers

October 12, 2014 Posted by admin


By Vandy Duffy


Posted Oct. 12, 2014 @ 2:00 am


Article source: http://www.seacoastonline.com/article/20141012/ENTERTAINMENTLIFE/141019952/101163/ENTERTAINMENT

Follow the Money

October 11, 2014 Posted by admin

When writing last week’s article, Where Did That Money Come From?, a banker called my attention to “Bitcoin,” a virtual currency introduced in 2009. An informal survey I took indicated that few people know very much about “virtual” currencies. So this week I decided to do a brief sketch of the historical development of the U.S. monetary system, hitting the highlights of what most of us have known and perhaps become a little foggy about, concluding in more detail with the development of virtual money. Acknowledging that I am not a currency historian, after extensive research I am using layman’s terminology to explain things as I understand them.

The value of a country’s currency is basically dependent upon the country’s integrity and having the assets necessary to pay its debt and back up its currency. This was a real problem for early Americans prior to, and for several years following, the Revolutionary War.

It is quite understandable that foreign governments had no confidence in the paper money of a people waging war for their independence against England and later in the initial stages of forming their own government. The currencies of foreign governments, especially Spain and France, became the legal tender in the newly-born United States of America. And here is where we begin our historical sketch of the monetary system currently used in the U.S.A.

In 1789, after the U.S. Constitution was adopted, the U.S. Congress authorized the issuance of paper money backed by what assets we had as a new country. Three years later, Congress authorized the creation of the U.S. Mint in Philadelphia, and a year later we began minting our own coins.

In 1861, to help finance the Civil War, Congress authorized the Treasury to issue paper money for the first time in the form of non-bearing Demand Notes. A year later Demand Notes were replaced by United States Notes, paper money popularly called “greenbacks.” In 1865, Congress authorized the Treasury to issue Gold Certificates that were backed by gold reserves. In 1866, National Bank notes were issued and became the predominant paper money. In 1878, Silver Certificates were issued, initially redeemable in the same face value as silver dollar coins and later in raw silver bullion. And in 1913, the Federal Reserve System was created to regulate the flow of money and credit.

The next major revision was the Gold Reserve Act of 1934. It outlawed most private possession of gold, forcing individuals to sell their gold to the Treasury, after which it was stored in our country’s bullion depository at Fort Knox, Kentucky. There were exemptions for jewelry manufactures, dentists, artists, coin collectors, and the possession by individuals of personal jewelry.

The design of paper money changed many times in order to deter counterfeiting. The last silver dollars were minted in 1957. In 1965, the U.S. introduced layered composition coins made of a copper core, laminated between outer services of copper strengthened by other metals such as iron and manganese, and the silver content of dimes and quarters was totally eliminated. Kennedy half dollars contained some silver until 1971, when the half dollar’s composition was changed to match that of the clad dimes and quarters. Also in 1971, issuance of United States Notes (“greenbacks”) was halted after one hundred years. Greenbacks were replaced by Federal Reserve Notes, the paper currency used in the United States today. In 1975 it became legal again for Americans to own and trade gold.

Today, like the currency of most nations, the U.S. dollar is primarily backed by the integrity of the United States Government. Holders of Federal Reserve Notes cannot demand asset such as gold or silver from the government in exchange for the notes.

This brings us to the modern era of virtual currencies.

Virtual money exists on software programs and is accessed via computers, smart phones, tablets, or any device that connects with the Internet. Virtual money does not exist in physical form, but is an electronic money that is visualized in one’s mind.

Bitcoin, introduced in 2009, is the major form of virtual or software currency. Bitcoin is the world’s most widely used virtual payment system with a total market cap of approximately $5.3 billion. Bitcoin is a decentralized network made up of thousands of computers run by individuals worldwide.

Bitcoin is an electronic payment system, with one’s supply of bitcoins stored in a “digital wallet,” also existing on a user’s computer. The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, making it possible to pay for goods, store money, or send bitcoins to another person’s or company’s virtual wallet. Unlike real bank accounts, bitcoin wallets are not insured by the FDIC. Computers are always susceptible to hackers or computer crashes, making it possible to lose your wallet to thieves or mechanical breakdown. There are several online wallet services available that are more secure, the most popular one being Coinbase. But no computers, regardless of their safeguards, are completely safe. Several marketplaces, called “bitcoin exchanges,” allow people to buy or sell bitcoins using different currencies–that is real money from about any country.

Bitcoins are created by people using computers to solve complex math puzzles, which is called “mining.” The winner of a different math puzzle is rewarded about every ten minutes with a specified number of bitcoins. Winners may be an individual or a group of people working together. Growth of the bitcoin supply is predefined by Bitcoin Protocol. Two months ago, there were about thirteen million bitcoins in circulation. Litecoin and Ripple are newer systems of virtual money, but lag far behind the capitalization of Bitcoin.

Time will tell if virtual currencies are a fad or will become of major importance. In The New York Times (October 7, 2014, page B3,) Sydney Ember wrote: “In developed countries, virtual money is still largely the plaything of technology enthusiasts and speculators.” However, some merchants are already accepting payment of goods by bitcoins.

With the rapid growth and use of electronic communication, virtual currencies may just become a major player in the world’s monetary systems!

Article source: http://www.huffingtonpost.com/william-b-bradshaw/follow-the-money_b_5969590.html