Everybody Is Dumping Digital Cameras . . . Can You Cash in on the Gold They Contain?

Everybody Is Dumping Digital Cameras . . . Can You Cash in on the Gold They Contain?

If you have visited the Statue of Liberty or another tourist destination lately, you have noticed that hardly anybody is using digital cameras these days. Five years ago you would have seen all those tourists taking snapshots with small cameras made by Olympus, Sony, and other companies. Today, nearly all those pix are being shot using smartphones.

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Four Videos that Can Help You Discover New Sources of Recyclable Silver

Four Videos that Can Help You Discover New Sources of Recyclable Silver

We really like hobbyists who spend their time looking for bits and pieces of silver to recycle. Luckily for us, some of those smart silver-hunters like to post videos on YouTube that explain all the places they hunt for silver. Today, we’d like to share four of their more eye-opening videos with you

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Recycling Silver Cadmium Contacts Can Give You a Big Payday

Recycling Silver Cadmium Contacts Can Give You a Big Payday

If you’re buying and recycling scrapped precious metals, we have a piece of profitable advice for you today: Be on the lookout for silver cadmium scrap or unused components. There’s a lot of money to be made by recycling them, for several reasons. First, old industrial components made of silver cadmium are not difficult to find, because they have been used for years in many manufacturing processes. Second, with cadmium trading at about $12 per pound, a quantify of unused or recycled silver cadmium components can offer you a big return over what you paid for them.

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Why It Will Always Pay to Recycle Gold

We live in a world where the latest and most high-tech materials are always in the news. When Ferrari recently showcased a new supercar made almost entirely of carbon fiber, the world became enthralled with that material. When people learned that the surfaces of space shuttles are covered with advanced silica ceramic tiles, everyone suddenly started to think about advanced ceramics. Today Ferrari, Porsche and other car makers are offering very expensive ceramic brake rotors on their vehicles.

While modern materials have remarkable qualities, the fact remains that gold – that’s right, good old gold, an element with the symbol AU and an atomic number of 79 – still stands apart for some very remarkable properties that are unequalled by most other materials . . .

Why is the demand for recycled gold high? All the gold that’s ever been mined in the history of the world would only make up a cube about 60 feet on each side. Image courtesy of waitbutwhy.com

Why is the demand for recycled gold high? All the gold that’s ever been mined in the history of the world would only make up a cube about 60 feet on each side. Image courtesy of waitbutwhy.com

Gold Is Beautiful

Beauty is gold’s most obvious property, so let’s mention it first. Carbon fiber and ceramics are pretty unattractive in comparison.

Gold Resists Corrosion and Oxidation

Items of gold jewelry that were made thousands of years ago still look just like they did when they were made. Only cyanide, nitro-hydrochloric acid and a few other chemicals have any effect on gold. That’s another reason why gold remains the metal of choice for jewelry.

Gold Is Malleable and Soft

While that might seem to be a disadvantage, in gold it is a plus. Since ancient times, jewelers have fashioned ornaments of all kinds from gold because it is so easy to work with. And after a piece of jewelry has been made of gold, that softness can be another virtue. It is one reason rings made of gold are easy to resize.

Gold Is an Excellent Conductor of Electricity

Here’s another one of gold’s remarkable properties. It explains why gold is found in many places where electrical components must be joined together. Two examples? The contact tips that are used on high-end audio equipment cables and the pins that are found underneath computer CPU chips.

Gold Is Scarce

Given the fact that we can see gold in so many places, it is hard to believe that it is a rare precious metal. Estimates vary, but according to GFMS, an organization that monitors gold mining, only about 174,000 tons of gold have been mined in all of human history. If all that gold were mashed together, the result would be a cube that would be only about 60 feet on a side. (It might fit in your back yard.) Geologists believe that the earth contains vast quantities of unmined gold, but that it will never be extracted because it lies miles underground.

A Lot of the World’s Gold Is Tied Up in Investments

According to some estimates, 40% of the world’s gold is unavailable because it is being held by investors. It is not available for manufacturing. That makes gold on the free market even scarcer – and more valuable.

Demand for Recycled Gold Is High

According to an organization that monitors gold, goldfacts.org, one-third of all the gold that is sold every year comes from recycled items. That means that there is very real demand – and that very real dollars are waiting – for the gold that you recycle using the services of a highly qualified gold refinery like Specialty Metals Smelters and Refiners.

Gold Can Be Hiding in Plain Sight

For such a scarce metal, it is pretty easy to find quantities of gold – provided you are on the lookout for it at estate sales, in items you have inherited, in antique stores, in dental scrap, and even in river beds.

If You Have Gold, Call Us Today at 800-426-2344

In today’s post, we’ve outlined some of the reasons why gold is beautiful, useful, and scarce. Demand for this most beautiful of all metals is never going to go away. Why not contact us today to learn more?

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Electrical Contacts: Little Nuggets of High Value

If you have ever been present when airplanes are being manufactured or recycled, you know how many wires they contain. It’s staggering to look at them all. In the cockpit alone, there are thousands of wires connected to gauges, displays, switches and controls.

Photo of scrap silver cadmium electrical contacts that customers have shipped to Specialty Metals for recycling and refining.

Photo of scrap silver cadmium electrical contacts that customers have shipped to Specialty Metals for recycling and refining.

Even though the sheer number of wires is so great, you will notice something else. Each of those wires ends in a specialized contact of some kind. There are little collar contacts that slide over blade-like contacts on gauges and switches. There are also round contacts that attach to other components with screws. In a plane that has tens of thousands of wires, there are twice that many contacts. (Every wire has two ends, correct?)

And airplanes are only one place where you will find hundreds and thousands of wires and contacts. You will also find them in appliances, manufacturing equipment, automobiles, televisions, stereos, radios, telecommunications equipment, and the list goes on and on.

Why Are Electrical Contacts Used?

The first answer to that question is that contacts allow wires to be connected securely and reliably to electronic devices. The second answer is that contacts are neat, and therefore reduce the possibility that wires will accidentally establish contact with other wires and cause equipment to malfunction. The third answer is that contacts assure a strong electrical connection between a wire and the device to which it is attached. Those are some of the reasons why contacts can be found just about anywhere in any piece of modern electronic equipment.

What Are Electrical Contacts Made Of?

The answer to that question is, it depends on the application. Copper, although it is a soft metal that oxidizes easily, is widely used because of its high conductivity and low cost. Gold, a soft metal that does not generally corrode, has excellent conductivity but high cost. Silver, silver cadmium alloy, platinum, and palladium  can also be used, depending on the application and the level of conductivity desired. They resist corrosion, making them an excellent choice for contacts that will be installed in hot or hostile environments.

Getting The Value From Scrap Electrical Contacts . . .

You can find quantities of contacts in many places, since most industries we serve use some form of electrical device. You might be lucky enough to buy a business where quantities of unused contacts are stored. You might also have obtained a large quantity of wires with contacts that you can snip and recycle. Or you might be in the business of scrapping old vehicles, machines, appliances, or medical equipment that contains a lot of contacts.

In any case, there could be valuable precious metal in the contacts that you own. To learn what they could be worth, call Specialty Metals at 800-426-2344. We are here to help you find out and profit.

Related Posts:

Why Big Dollars Can Be Found in Scrap Aerospace Parts
Retooling Time Is a Great Time to Recover Precious Metals
Recycling Silver Cadmium Oxide Scrap
Why Recycling Precious Metals Should Be Done by Professionals
Buying or Selling a Business? Recycle Precious Metals before They Slip Away