Will Military Spending Drive Up Platinum Prices in 2019?

Will Military Spending Drive Up Platinum Prices in 2019?

If you are investing in platinum, chances are you are thinking about military spending these days. You know that platinum is widely used in armaments and military aircraft. So, if U.S. production of armaments and planes that will be sold in Saudi Arabia is cut back, will that make the price of platinum drop?

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Are Airplanes Great Places to Find Tons of Gold?

Are Airplanes Great Places to Find Tons of Gold?

Are airplanes great places to look for gold, silver and other precious metals? Granted, the mechanical and electronics that planes hold often contain amounts elements of gold, platinum and silver. But tons of gold? Why would any plane contain that much precious metal?


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Will Space Be the Next Frontier for Profiting in Precious Metals?

Will Space Be the Next Frontier for Profiting in Precious Metals?

Today’s post is a bit different from others that you have read on this blog in the past. We’re not going to focus on precious metal investments that you can make today. Instead, we’re going to take a long-term look at trends in space exploration and aeronautics that you should be aware of – trends that could reshape the world of precious metals in the future.

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Three Reasons Smart Platinum Investors Are Making a Fortune Today

Three Reasons Smart Platinum Investors Are Making a Fortune Today

Many platinum investors are frozen in place today. Although they own scrapped catalytic converters, old lab testing vessels and other items that contain platinum, they are waiting until platinum prices increase before cashing in. Meanwhile, smart platinum investors are cashing in. Like other contrarian investors, they are moving ahead instead of staying fixated on just one factor as a sign of when to sell. Here are three compelling reasons why this is a great time to recycle platinum today instead of waiting...

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Easy-to-Miss Places where Platinum-Plated Metals Can Be Found

If you say the words “platinum plated metal” to many people, most of them will think first of jewelry. That makes sense, because platinum is so commonly used to add a bright and corrosion-resistant surface to rings, pins, watches, and other items of jewelry.

But platinum is electroplated onto other metals for many reasons too – and unless you know what they are, you could fail to recognize some of the platinum-plated items that you could recycle profitably using a qualified platinum smelter and refiner like Specialty Metals Smelters and Refiners.

Let’s take a look at some sources of platinum-plated scrap that you could be missing . . .

Shown: Aerospace Scrap like this can be an excellent source of platinum, palladium, silver cadmium and gold

Shown: Aerospace Scrap like this can be an excellent source of platinum, palladium, silver cadmium and gold

Aerospace and Aeronautics

There could be big dollars hiding in aerospace scrap. You’ll find recyclable platinum in thermocouples, contacts, gauges, and many other places.

Electrodes

Platinum-plated electrodes are used in the manufacturing of fertilizers, chemicals, explosives and more products than you might expect.

Electrical Utilities and Industries

Platinum-plated contacts and cables are widely used in industries that manufacture electrical components – and in electrical generators too.

Purification Systems for Liquids of Many Kinds

Platinum-coated surfaces are found in devices that use electricity to purify water, oil, industrial chemicals, and other liquids.

Photo of catalytic converter containing platinum, palladium and rhodium which can be recycled and refined for best prices at Specialty Metals.

Photo of catalytic converter containing platinum, palladium and rhodium which can be recycled and refined for best prices at Specialty Metals.

Catalytic Converters

Platinum-plated components are commonly found in catalytic converters that are used to treat the emissions from automobile, truck, and industrial engines. If you’re wondering how to refine platinum from catalytic converters, call us.

Medical Devices

Most people know that platinum plating is used in coronary testing catheters, implantable defibrillators, and pacemakers. Fewer people know that platinum can also be found in cables and contacts that run between pieces of medical equipment, or even within large medical devices.

Shown: scrap platinum sputtering targets can be a surprisingly lucrative source of platinum.

Shown: scrap platinum sputtering targets can be a surprisingly lucrative source of platinum.

Electroplating Operations

It is kind of ironic – but true – that platinum coating is often applied to anodes that are used to electroplate other metals. Used sputtering targets are another potentially lucrative source of platinum.

Want to Know More?

If you have a quantity of platinum-bearing scrap or old metal parts from one of the industries or applications described in today’s post, call us today at 800-426-2344. We’ll be happy to lead you to quantities of valuable platinum that could be hiding right under your nose.

Related Posts:

How to Claim the Cash that’s Hidden in Used Equipment Containing Thermocouple Wire
What Precious Metals are Inside Catalytic Converters and What Are They Worth?
Why Money Can Be Found in Your Used Electroplating Supplies
Recycling Opportunity: More Medical Equipment Is Getting Scrapped than Ever Before

Why Big Dollars Can Be Found in Scrap Aerospace Parts

Why is a scrapped airplane worth a lot more than a scrapped automobile?

Chances are you answered that question with a smart reply like, “Well, isn’t an airplane a whole lot bigger than a car?”

Shown: Aerospace Scrap like this, which includes platinum, palladium, silver cadmium and gold, can be recycled profitably by Specialty Metals

Shown: Aerospace Scrap like this, which includes platinum, palladium, silver cadmium and gold, can be recycled profitably by Specialty Metals

If that was your answer, you’d be right. Or partially right, anyhow. Because you see, sheer size isn’t the only issue. Pound-for-pound, aerospace scrap is worth more than automotive scrap. And here are some of the reasons why . . .

Airplanes – Even Older Airplanes – Contain More Exotic Alloys and Compounds than Cars Do

For example, they contain silver cadmium in switches and relays, mercury and chromium in gauges, platinum in thermocouples, and a lot more precious metals that you will rarely find in scrapped cars.

Precious Metals are Extensively Used in Aircraft Engines

Platinum and palladium are used because they are stable, corrosion-resistant and durable. You’ll find them and other precious metals in fuel nozzles, heat exchangers, turbine vanes, and elsewhere. You won’t find those materials widely used in automotive engines, unless you’re looking at exotic racing cars. According to some estimates, a used modern jet engine that is being scrapped should contain more than $15,000 worth of precious metals.

Modern Airplanes Contain Many More Circuit Boards than Cars Do

A modern automobile contains gold-bearing printed circuit boards in the engine monitoring module, the GPS unit, the sound system, and a handful of other locations. In contrast, planes have gold-bearing printed circuit boards just about everywhere – in radios and communication devices, navigation systems, altimeters and other gauges and displays, computers, and dozens of other applications that don’t exist on cars. If you ever see an airplane cockpit being dismantled, you will be surprised by the number and size of electronic components that are found there.

How to Mine the Value from Aviation Scrap

It requires specialized knowledge and technology to identify and recycle precious metals like gold and platinum from aeronautical scrap. To learn how to reclaim the most dollars from aerospace scrap that you have on hand call Specialty Metals Smelters and Refiners today at 800-426-2344.

Related Posts:

Interested in Thermocouples and Thermocouple Wire
Palladium Recycling: Don’t Overlook the Great Value of this Little-Understood Rare Metal
A Brief History of Circuit Boards and the Gold They Contain
Watch the Gold You Can Recycle from Circuit Boards Pile Up in these Videos
What You Need to Know about Recycling Alloys of Precious Metals