Demand for Precious Metals Increases with Widespread Healthcare Changes

America is seeing a surge in the demand for medical tests, technologies and treatments. The result? Your recyclable precious metals are likely to become much more valuable and much more in demand. Here are some of the reasons why:

Baby Boomers Are Aging

Boomers – the people who are part of the immense population “bulge” that occurred between 1946 and 1964 – are now entering their later years. The result is that many more people will require more intensive medical testing and care.

A normal chest X-ray after placement of an ICD, showing the ICD generator in the upper left chest and the ICD lead in the right ventricle of the heart. Note the 2 opaque coils along the ICD lead. Image Credit: Gregory Marcus, MD, MAS, FACC

A normal chest X-ray after placement of an ICD, showing the ICD generator in the upper left chest and the ICD lead in the right ventricle of the heart. Note the 2 opaque coils along the ICD lead. Image Credit: Gregory Marcus, MD, MAS, FACC

The Range of Medical Specialties Is Increasing

Not many years ago, most Americans relied on one family doctor to administer a wide range of tests and treatments. Today, people are visiting specialists, urgent care centers, diagnostic testing centers, physical therapists, and alternative practitioners. The result? Again, an increase in the demand for testing and treatment equipment.

More Life-Sustaining Technologies Rely on Precious Metals

The use of medical devices that contain precious metals is increasing dramatically. Gold and Platinum are being used in catheters, implantable cardioverter defibrillators (ICD), pacemakers, stents, neurovascular devices and devices that monitor or regulate brain functions. As the demand for life-extending and life-enhancing treatment grows, the demand for precious metals is surging too.

New Technologies and Treatments Will Rely on Precious Metals too

“Worth Their Weight: Precious metals have ideal properties for medical devices,” an article that Victoria Burt wrote for Micromanufacturing, quotes Rick Campo, the President of West-Tech Materials, a leading manufacturer of materials for medical applications. Campo told Burt that researchers are now developing platinum-based inks to be used in medical testing procedures.

The result of these trends could be a further increase in demand for your recyclable gold, palladium, platinum, and other precious metals. What happens when the demand increases for any commodity that is in limited supply? As any economist will tell you, the price of that commodity will increase. That’s why this is an excellent time to recycle old cellphones, circuit boards, quantities of gold-plated scrap, used thermocouples, and other materials that contain precious metals. Call Specialty Metals Smelters and Refiners at 800-426-2344 to learn more.

 

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