How to Cash in on Your Precious Metal Scrap
When you invest in bullion or coins, you know almost exactly how much precious metal they contain – or come close to knowing.
Investing in precious metal scrap is another matter completely, as these examples show . . .
Over time, an investor bought about 200 discarded cellphones. He had paid about 50 cents for each of them, so his total investment was about $100.00. When they were recycled to extract the gold they contained, it turned out that each device contained about 0.001 Troy Ounces of gold. In sum, the gold in all those phones was worth about $350.00. So if you do the math, that shows that his investment was a very good one indeed. His $100.00 investment netted him more than a two fold return.
Another investor collected nearly 500 pounds of powdery scrap – dust and sweepings - from an old jewelry manufacturing plant. He actually paid nothing for it, even though he had to pay several workers about $200.00 to sweep it all up and collect it for him. That 500 pounds of scrap turned out to contain more than $2,000.00 worth of gold, platinum, and silver. So again you can do the math on that. His $200.00 investment netted him nearly a tenfold return.
To summarize these two investments another way, we see that there was value residing in those scrap lots – capital that was waiting to be unlocked through recycling. While bullion and coins can be investments that appreciate gradually over time, the two scrap investments we summarize above offered a much larger return on investment.
That’s Why We Are Bullish on Investing in Precious Metal Scrap
Investors who have vision and foresight are able to realize a much bigger return on their investments than people who invest in bullion and coins. That explains why we are so enthusiastic about investing in gold scrap, platinum scrap, and silver scrap. Those investments can offer a return of 100%, 200%, or even more.
How Does this Kind of Investing Work?
The process is simple. You collect different kinds of precious metal scrap. (Which kinds? Just review all our posts on this blog to find out.) You then send your scrap to us for testing. We issue you a report that details the metals that your scrap contains. If you decide to, we will process your scrap, extract the gold, silver, and platinum it contains and pay you at current trading prices.
Simple? Yes, it is. To learn more about unlocking the capital in your precious metal scrap, give us a call at 800-426-2344.
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All Signs Point to a Strong Future Market for Precious Metals