We haven’t written about sputtering targets in some time. But it’s worth revisiting the topic because money can be made recycling them. Sputtering targets are a very specialized kind of platinum scrap – and in some cases, of gold and silver as well. 

Have you ever seen a video of sharks that are feeding? It’s not nice to watch, because sharks get into a “feeding frenzy.” They’re not asking other sharks whether what they are eating is tasty or a healthy choice. They’re just going wild, trying to satisfy their instinctual desire to eat.

Although people who invest in precious metals are a lot smarter than sharks, they sometimes engage in similar behavior. When they get the idea that they can make a lot of money by making a certain investment, they get into a kind of frenzy and can make investments that are unwise.

We’ve written about sputtering targets in the past, but a few recent calls made us think that this would be a good time to remind our readers that most used sputtering targets still contain precious metals that are worth extracting.

On Monday, July 20, 2015, the financial markets got a jolt when the trading price of gold in Asia suddenly plummeted to a five-year low. The impact was felt globally. Half the world away in London, the price fell 2% on news of the Asian price drop. One celebrity investment expert, CNBC’s Jim Cramer, got on air only hours later and advised people to buy gold at its low price, as a “hedge against inflation.” That’s traditional wisdom about buying gold and other precious metals – investors should buy and hold as a hedge against inflation. It’s good advice, but it makes us wonder why so few investment experts are recommending buying gold at low prices and then selling it when prices rise.

If you have been waiting to recycle or sell your gold until trading prices rise, we invite you to consider a Specialty Metals Smelters and Refiners Pool Account.  Our Pool Account offers significant benefits, including the ability to sell your gold when prices rise in the future.

What emerging technologies will impact on the prices and demand for precious metals in the coming year? Here are five trends to watch.