Melting $500,000 of #gold and #rolex watches in the diamond district. This is how we do business in the diamond district. Tap in for the best products and the best prices traxnyc.com. #traxnyc #jewelry #goldmelt
@@jatinsingla7863 because he can get you what ever you need, he knows a guy for that, that knows a guy that's got a joke he got because he also knows a guy!
Not even close. That smelt had gold of all different karats in it from 9k to 24k it was probably closer to 18k by the time everything is said and done.
careful lots of these gold buyers are freaking people who try to rip you off big times. always inform yourself well how much you can sell your gold for. most of them only wants to pay you 40% to 50% of the goldvalue. careful guys. i had a friend whos father and himself had a scummy business like that. they made a lot of money buying gold cheaply and ripping the customers off. they then later took the gold and brought it stright to the place that melts the gold and pays them 100% of the value back
It's gold, there's s standard price. If you gathered this much gold scraps you could get the same money. Obviously he didn't find those tho, people sold it
You can burn the ghosts out+ suppose someone did something evil while wearing the stuff - does burning it get the ghosts off? Or something. I'd go for a chemical refining to be sure or anode cathode it
Yeah man that’s why young thieves here in Australia try to rob rich old peoples houses cause they know they have jewellery and then the steal it and melt it all down and pawn it off
Here's a quick primer on what's wrong and what to do about it. ALL fiat currency is debt, that's the only way the Central Banks make it, whether through government bondage note, or private bank loans. Bankers have developed four practices that are unsustainable and catastrophic. If we dont understand the causes of a problem we will address the symptoms or actors, not the causes. 1st. Large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, at interest. An increasing population needs an increase in currency, but it is ALL created as a debt to the Central Bank, bearing interest. This indebts the whole world, every person, every government, in totally unpayable debts, ( because where can the interest come from) enslaving us all to bankers through personal debt or ever increasing oppressive and unjust taxation, permits, licences, registrations, regulations, rates, duties, fees, fines, levies, surcharges, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.) 2nd. Because of the first fault, (wherein a Central bank has the Exclusive franchise to create ALL new money,) and they attach interest to it, (which they do not create) they must continually create more currency to pay the interest on the last round of debts and to resupply liquidity as debt repayments suck the last round of currency they created out of the national economy. The volumes of the booms and busts of 'credit cycles' are totally unnatural and the economy should follow population growth. Inflation, (or rather, devaluation through deliberate currency oversupply,) is destructive to all but the rich. There is virtually no limitation on fiat currency creation. Because successive governments have abrogated the peoples right to create their own Sound debt free money, the state also sponsors inflation by borrowing and spending, 'stimulus ' in the vain hope that they can 'create wealth through debt,' and inflate away past and present debts with NEW DEBT ! 🤪🤪🤪 This robs the people under their very noses. Adding to this is fractional reserve banking wherein private banks effectively create massive new Currency volumes, (but its only temporary because it's all debt) blowing bubbles (in housing/CRE/stocks) which devalues everyone's savings, work, 401k & pension, by raising all prices. (Which don't return to their former level when inflation reduces, the rate of increase simply slows down momentarily. ) We call price increases inflation, but it's really devaluation of your savings, time, work and while corporations do add to inflation of prices, they generally are Not the primary drivers of inflation. Attacking corporations is becoming side tracked. Shrinkflation further adds to our reduction and desolation as companies attemptto make the same or more profits than last year. (Did you know the only time our society gets some real new Currency ? It's when someone goes bankrupt and can't repay the banks what they borrowed. ) The fix ? The first step is to end Central Banks and return to Sound Metalic Money. This will slow the rate of currency creation and make it much more difficult to devalue our wages and savings by currency 'printing.' The 2nd step would be to legislate that banks publish their reserve ratio. So if they have $100 million on their books in deposits, and $50 million in loans, that's a 50% reserve ratio. We could legislate a reserve ratio, and by openly publishing this people can choose the risk level they are willing to take. Along with this we need to legislate an industry to home loan ratio. This will change banking and we need to change banking, because it is destructive. The banks wont be able to make as much, and that's a good thing. We need to make money anything the people want, but legal tender must meet Metalic standards under the office of weights and measures, and national and state treasury departments and mints could produce and release real intrinsic value Money. This will not create inflation like some bankers and their economists would have you think. It is not who creates currency that drives the Constant devaluation of your work & money, it is THE VOLUME per population/ productivity. The banks increased the base currency supply by over 65 % since March 2020 & 300% since 2008. This has been greatly multiplied as deposits were rolled back into real estate loans creating bubbles, which further lever up equity to back more loans. You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by a similar % as it enters the economy ? 3rd problem. Fiat currency whether paper OR DIGITAL has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. Taxation and the 'legal' currency label attached to fiat creates artificial demand for fiat currency. This is the 'Force' component of Fiat currency, wherein you are forced at the point of a gun to accept worthless paper or electrons for your daily work. Metalic Money is the currency of a free sovereign people. Fiat at Debt is the currency of slaves. The fix ? Return to Silver, Gold, Copper & Nickle currency, designated by weight, not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against bankers counterfeiting. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep government mints honest. Do not allow bankers and economists of the current system to con you into believing there isn't enough Metalic Money. You float its value, mint it by grams and ounces and you have a Gold and Silver backed currency. Same with Copper & Nickle. Mint 10th ounce, 2 10ths, 5 10ths and 1 ounce and grams in 1 grams, 2 grams, 5 & 10 grams. Never give it a 'value number,' which is a lie. Give it its weight & purity, and let the market decide what it will buy. Call it 'slow money," like 'slow food.' It's slower for sure, but it's 10 times better for you. If you think there's not enough metal, live more like the Amish and there will be plenty. We are a totally wasteful people and that can't go on forever. Everything we manufacture should be recycled at end of life. No more landfill. Probably necessary to nationalise mines & pay shareholders out in metals. We are aiming at a more just, more perfect union, and that requires we treat shareholders justly and make them whole while preserving a mining and exploration industry. So gently, thoughtfully, carefully on this one. 4th. The 'World Bank' and IMF are your friendly international arms of the Federal Reserve, who loan worthless US currency invented at zero cost to enslaved nations of people to purchase necessities, when their own commodities or worthless currency would do just as well. This ensures the indebtedness of nation's simply to survive. I suggest a goods and commodities exchange between countries, with a quarterly settlement of shortfalls with Gold or Oil/Gas. And oil and gas are not the monsters they are made of to be, and may well prove to be the greenest energy sources other than hydro. Studies suggest making an electric car requires the moving of 500,000 tonnes of rock/soil, (which is only possible with diesel and oil) so the real energy footprint of a battery that has a 200,000 km life could easily prove to be twice that of a clean running low emission gasoline vehicle. This research is now being done. Correct these 4 Principles and >80 % of a nation's problems would disappear. Do not allow your masters the Debt slave creator's to tell you it can't be done. They are not seeking your best interests, but theirs. It is easily done. Beware. The FED, IMF, WEF wants you totally enslaved with Digital currency. Convert your garbage fiat currency into Gold and Silver while you still can, or prepare for destruction. Come to think of it, you better prepare for destruction anyway, because humans are animals and always learn the hard way. The bankers motto is : 'Preserve your Capital at all costs.' The bankers are buying Gold. We the people can afford Silver. Good luck.
@@AB-zw2cg look up your local refinery. Ask what percentage they pay spot price & if they charge refinery charges for the melt. Look up spot price online.
Yes, my mom wanted to sell my grandmas old gold and they told us to rather get it polished and resell it as it is to a privat person since we wouldnt get much otherwise.
Businesses don’t pay taxes every expense a business make you do not pay taxes . That’s why you see so many people put their personal vehicles under the name of their business. A business only pays its tax when offering the service or selling the product
@@sacintel1047 It´s really mindblowing how people dont expect that in the first place from the guy who got rich out of nowhere wearing golden necklaces like a rapper and talking lowkey like a wannabe gangstar. They really need a video..... I should really stop working man, it seems to be so easy nowadays. Since everyone got a smartphone they all think they´re smart.
Honestly, wouldn't surprise me if 90% of these dealers 'scraps' are stolen bought for peanuts Crackheads get their next fix and these dealers are making these type of profits.
What if it was stolen?.. I mean melting gold like this by a third party seems dodgy if not done by the buying shop directly ( since they check the sellers ID)
You do realize like most jewelry businesses do not personally own millions of dollars. They have either investors or lenders to pay off. They don’t personally own every single diamond in their shop. They don’t make money off of what the item is worth, they make their money off profit. Some businesses are booming, others not so much. Unless if you are very wise and know exactly what you are doing with a being decent clientele? You’re only earning $40-100k per year. Don’t get fooled now. You don’t have to deal in diamonds to make money. Just find what makes you the happiest and money will soon follow with hard work and determination
@@STOPSYPHER it's like you and me having 10k in savings and to him 10k is just sittin in a cabinet bathroom. What the fuck you think I mean. There's guys out there better then us and showin us how easy it is to make that much money.
Imagine all that jewelry with sentimental value being melted down because some junky stole it. I wish shops that buy gold were forced to hold it for 30 days to give the owner time to track it down
longer....and to provide reciepts if possible. ALSO a detailed character check as well as being profiled. Same goes for Storage hunters - capitalizing on others misfortune.
@@schizosamurai8840proof of stolen goods? pretty bold and serious claim that one can’t make without some substantial evidence so please, share with the class!
@@johnnyvaldez3015Bruh!!!! I literally just died laughing my ass off at what you said .... Literally watched that episode for the millionth time last night... Now the song when they were sending the scarps from India to America to get smelted 🤣🤣🤣
That's so funny cuz there's a saying that goes "how can gold ring(as in bell ring) like bronze" It's about how appearances can be deceiving if u wanna know
What's shocking is the fact it's tested and sold for +200k each.. the sound yeah it sounded like pure gold but the color says otherwise it looked nice more like 14k than 18k
gold is incredeble, keeps its value all through life, starting investing last year ( when i was 14, 15 now) began with 400$ and ive got about 800 to 900$ worth of it, honestly i kinda wanna gate keep because once people figure out how to do it its crazy money
@@jacobdaley3888 yeah, trying buying something with gold after the collapse, nobody is going to recognize a lump of metal, if things actually collapse... what you have is something that has fluctuated wildly and only has value based on the current landscape, if that ever goes away like you are planning, the gold will be worthless.
They wanted to put it in there so it would get the gold out of crevasses that the fire could not get... maybe a little regular metal got in and added weight...idk
@@horiah79 adding in a random strap and setting after the pour and the heat's already started to go is hardly telling. it's like pebble dashing a house then knocking some of the pebbles off 2 seconds later.
alchemy is impossible on earth, you simply do not have the heat and pressure, 10 kilograms of 99.999 pure gold would maybe get you $450,000 this pile of gold filled scrap would not.
I think the idea is that certain things are worth a lot even when they probably shouldn't be So when he is gonna get the rolex watches it's like he basically scrapped 447k for probably way more. How much more, idk.
This is the number one ☝️ reason why you never are going to see anyone wearing your stolen jewelry………. It was melted down by the “ we buy gold” army, and sold out in gold bars. 😡
Buy low, sell high. Bullion traders tend to buy at a % under current value, then sell at current value +"Spot" which is a set fee over current value. So they pay like 80-90% of current value (taking purity into account), melts it, then sells it to back to the public at 100% value + an extra fee. Not sure if TraxNY does any pawning or trades, but he may get even better rate on them if he does (especially unpaid pawns). He did mention that he reinvests the money into the shop as well through trading.
@@bex_foryou2269damn its just a comment. Its there opinion whether you like it or not we do not care. Don't be showin up with those hate comments on other people's social opinions.
You just spilled the 2 most iconic moves of poor man 1. Thinking that big money = luck only 2. Wasting fast money on luxury shit instead of investing and leaving your whole life without any problem Congrats 🎉
@@user-yi7db7zz7x you just typed this just wanting to sound smart and be right. Jewelry or gold can be an investment not luxury. Think before you speak Congrats 🎉
@@user-yi7db7zz7xhow do you know he wouldbt invest. When did he say he would spend everything. You dont have any social skills if you cant tell he is just joking. No reasonable person expects to win the lottery.
@@user-yi7db7zz7x Or they're just saying they'd only spend money on something like expensive jewelry if they won the powerball. Not everything is that deep
@@kchun5515 Maybe not. Those items of jewellery were not 24k, they were mixed with harder metals like copper and silver. I don't see him extracting the gold out of the jewellery, and that ingot looks too pale to be pure gold. It's probably 12k or 9k.