Silver, Silver Everywhere!
We’d like to start this post by reminding our readers that silver is a precious metal.
You knew that already, of course, but have you forgotten that you can make a lot of money by recycling silver? If you have, it’s probably because silver is trading at such low prices compared to gold, platinum, rhodium and silver’s other precious brothers and sisters. Silver is not very glamorous.
So, how can you make a lot of money by recycling it?
We will tell you in a minute, but first, we would like to tell you an old fable about two pearl divers. Bear with us because, in just a minute, you will understand why we are telling you this tale.
The Fable of the Two Pearl Divers
There were once two pearl divers. They were both young and eager to become rich. The first diver had a big dream. He wanted to find the biggest pearl that had ever been found, so every day when he went diving for pearls, he looked for the biggest oysters he could find and ignored all the little ones. Every day he would bring up a few dozen big oysters. And every day he would find some good-sized pearls, but never the giant perfect pearl that he was dreaming of.
Meanwhile, the second diver had a different philosophy. When he went diving every day, he collected as many oysters as he could, without paying too much attention to their size. And by the end of every day, he had brought up several hundred oysters. And he had collected more than 75 pearls that he was able to sell.
As they reached the end of their careers, which diver was richer? You already know the answer. It was the second diver, who collected and sold the largest number of pearls. And it was not the first diver, who spent his whole career looking for that one huge and amazing pearl.
Okay, We Will Admit It
The story of the two pearl divers is not an old fable. In fact, we just made it up. But it illustrates a point:
In the end, you will probably make the most money buying and selling large quantities of stuff that offers a lower profit.
Even though silver is cheap (trading for only about $17.00), it is plentiful and easy to find. It is practically everywhere. Here are some sources:
Welding and brazing scrap and supplies.
Sterling silver punch bowls, plates and other items that were used to serve food.
Silver-rimmed shot glasses, other sterling silver barware like jiggers and swizzle sticks.
Old photographic and x-ray films, papers, and developing chemicals all contain small amounts of silver that we can reclaim for you.
Items of silver jewelry. Many of us forget that silver was once a popular metal for use in pins, stick pins and other items of jewelry, many of which can still be found in antique stores.
Your Four-Part Strategy for Making Money in Silver
Buy as much silver as you can at the lowest price possible
Send it to Specialty Metals Smelters and Refiners to be tested and processed
Wait for your check to arrive
Repeat as necessary
If you continue to follow those steps in the months and years ahead, you will end up with an awful lot of money. Sound good to you? Then call Specialty Metals Smelters and Refiners today at 800-426-2344 to learn more.