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Due to extreme market conditions and daily fluctuations in purchasing availability, please contact your local Gold Guys store directly to confirm whether we are currently able to purchase your items. Thank you for your understanding.

Beginning Tuesday April 14 we are implementing new hours of operation at our Duluth, Maple Grove, and Woodbury locations.

Monday through Friday, 10 a.m.–7 p.m.
Saturday, 10 a.m.–6 p.m.
Sunday 11 a.m.-6 p.m.
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Mining Stocks vs. Physical Precious Metals: What Beginner Investors Should Know

If you’re new to precious metals investing, you’ll run into one big question fast:

Should you invest in mining stocks, or buy physical precious metals like gold and silver?

At a glance, they might seem similar. Both are tied to precious metals prices. Both are common ways people “invest in gold.” But in reality, they are very different assets with very different risks.

Understanding this difference early can save you from costly mistakes. Read more »

What Makes Gold, Silver, And Other Precious Metals Valuable?

The Shiny Truth Behind Precious Metals’ Value

Everyone says money makes the world go round.
But for 5,000 years, it was gold doing the spinning.

Gold isn’t just a shiny rock your grandma wore—it’s a survivor. A stubborn relic that’s outlasted kings, currencies, and credit cards.
Digital assets flare and fade. Paper money gets printed into oblivion. But gold, silver, platinum, and palladium? They sit there quietly—accumulating trust.

Maybe you’ve found a tangle of chains and rings in an attic and wondered, “Is this just decoration, or something deeper?”
That question isn’t new. Every generation has asked it, because every generation is reminded that value doesn’t come from fashion—it comes from fundamentals.

Precious metals aren’t hype. They’re physics, history, and psychology melted together.
Here’s why they still matter. Read more »

The Weights of Precious Metals: Troy Ounces, Pennyweights, Grams & Kilograms

The Weight Game: What Every Precious Metals Investor Needs to Know

Think you know what an ounce is? In precious metals, that confidence could cost you a small fortune.

Most beginners assume their kitchen scale or bathroom scale will do the trick. Spoiler alert: it won’t. The world of gold, silver, platinum, and palladium uses units that sound familiar but play by their own rules—troy ounces, pennyweights, grams, and kilograms.

Mix them up, and you might as well be handing over a slice of your investment.

In this article, you’ll get the inside scoop on:

  • The heavyweight champion, the troy ounce (and why it’s not your grocery store ounce)
  • Pennyweights, the underdog still prized by jewelers and traders
  • Grams and kilograms, the global players you’ll meet in every market

We’ll break down what each unit means, why it matters, and how The Gold Guys keep you from getting shortchanged—whether you’re selling scrap, buying bullion, or just weighing your options.

Ready to make every gram, ounce, and pennyweight count? Let’s get started. Read more »

Palladium vs Platinum vs Silver: What You Need to Know

Jewelry, coins, bullion, and other items made from precious metals are popular in today’s market due to their exceptional beauty and high value. Gold has always been the most popular and highly sought-after of all the precious metals, but silver, platinum, and palladium hold significant value as well. While these three metals may look similar in color and are often mistaken for one another by the untrained eye, each has its own unique characteristics that determine its value.

Here is a breakdown of the key differences and similarities between silver, platinum, and palladium.

Read more »