Simple Steps to Protect Yourself from Gold Fakes and Forgeries

Simple Steps to Protect Yourself from Gold Fakes and Forgeries

Every few months we hear another story about a crime involving precious metals. Another one came along last week, when the Metropolitan Museum in New York packed up a golden Egyptian coffin it owned and shipped it back to Egypt, from where it was stolen in 2011. The Met acquired the coffin in 2017 from an antiquities dealer. The only problem was, it still belonged to Egypt. (You can read the full story in “Ancient Gold Coffin Returned to Egypt from New York as Looted Antiquity,” an article that was published by the Associated Press on September 25, 2019.)

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How to Get a Better Deal when Buying from Pawnshops

How to Get a Better Deal when Buying from Pawnshops

Let’s say you walk into a pawnshop to check out whether there are any gold, silver or platinum items there for sale – items that you can buy for low prices. Or you walk into a coin dealer to see what’s on display.

Let’s also say that you find what seems to be a good deal. It’s a South African Kruggerand that contains 1 Troy Ounce of gold. When you ask the dealer the price, he replies, “$1,505.00, because we sell at current trading prices.” So you go online, check trading prices, and decide that you will be getting a fair deal if you buy that Kruggerand for the asking price. So you go back to the pawnshop or coin dealer, pay asking price, and assume that everything has gone well.

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Is It Still Possible to Buy Gold and Platinum on the Cheap from the U.S. Government?

Is It Still Possible to Buy Gold and Platinum on the Cheap from the U.S. Government?

In the days following World War II, army surplus yards opened in many parts of the country, selling all kinds of items that had been manufactured for the U.S. war effort. All sorts of items showed up – hats, coats, uniforms, tarpaulins, tents, and even some decommissioned “souvenir” hand grenades. There were even opportunities to buy electronic devices like field radios that contained small amounts of gold.

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Are Gold Commemorative Coins from the U.S. Mint a Better Investment than Gold Scrap?

Are Gold Commemorative Coins from the U.S. Mint a Better Investment than Gold Scrap?

We have to say, the U.S. Mint is selling an especially attractive lineup of gold commemorative coins these days. If you visit the U.S. Mint’s website, here’s a selection of what you can buy . . .

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What Today’s Most Popular Crimes Tell Us about the Value of Precious Metals

What Today’s Most Popular Crimes Tell Us about the Value of Precious Metals

Crooks aren’t nice people, they hurt people, and we don’t like to write about them. But the fact remains that if we look at crime trends around the country, they can teach us some lessons about the value of precious metals. Also, because crooks make money by selling what they have stolen, their crimes tell us there is a market for the metals they are selling.

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Should You Sell Gold Jewelry to a Walk-In Store or Recycle It with Us?

Should You Sell Gold Jewelry to a Walk-In Store or Recycle It with Us?

Have you ever sold an unwanted piece of gold jewelry to a jeweler or one of those “We Buy Gold” stores?

It’s a straightforward process. You walk in, the person behind the counter checks your item with a gold testing kit, and makes you a cash offer that you can either accept or reject on the spot. But in reality, the person on the other side of the counter is making a lot of calculations that he or she is almost certainly not sharing with you . . .

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Golden Phonograph Records – Do They Exist, and Where Are They?

Golden Phonograph Records – Do They Exist, and Where Are They?

Way back in 1977, NASA launched its Voyager 1 and Voyager 2 space probes from Cape Canaveral, Florida. Both of them are now about 14 billion miles from Earth and, incredibly, both are still communicating scientific data back to NASA.

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Big Quantities Can Equal Big Profits

Big Quantities Can Equal Big Profits

...When You Recycle These Gold-Plated Items

While you’re poking around at the antiques mall you notice a pair of gold-plated earrings sitting in a tray. You could snag them for less than $10.00, but why bother? They are going to contain only maybe 50 cents worth of gold at best. So you walk on by and keep looking for more interesting items.

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Plato Wants to Know… What Precious Metal Are YOU Made Of?

Plato Wants to Know… What Precious Metal Are YOU Made Of?

It might interest you to know that the Greek philosopher Plato made some philosophical inquiries into precious metals. You remember Plato. He lived from about 428-348 B.C., studied with Socrates, and taught Aristotle how to think. In his famous book The Republic, Plato wrote that human beings, just like precious metals, come from the earth. He also wrote that human beings, like minerals, can be made of three different metals…

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Looking for Gold and Silver in Collectible Knives

Looking for Gold and Silver in Collectible Knives

People are collecting folding pocket knives, hunting knives, highly stylized custom knives crafted by skilled artisans, ancient knives, and knives that fall into other niches. The question is, do any of them contain silver or gold? The short answer is yes, they do and if you take a close look at an unusual knife, it could contain small decorations and “extras” that are made of silver or even gold or platinum. 

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New Apple Robot Shows Us How to Recycle Old iPhones

New Apple Robot Shows Us How to Recycle Old iPhones

Here’s a video that shows how a new robot that Apple designed can pull apart an iPhone and separate out its parts. For reasons we do not know, Apple named this robot Liam. According to Apple, just one Liam robot can recycle 1.2 million iPhones a year.

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What You Need to Know about Making Money in Fabrics Woven with Silver and Gold

What You Need to Know about Making Money in Fabrics Woven with Silver and Gold

...Most of the garments date from the Chinese Yuan Dynasty (1271-1368), which was established by none other than the Mongolian conqueror Kublai Khan. That’s a long time ago, but isn’t it still possible to find antique items of clothing that are woven with gold – or maybe with silver or other precious metals? Here’s some information you should know when you go looking for precious metals in antique clothing. 

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Get Wired! How to Unravel Big Dollars from Wires Made of Gold, Platinum and other Precious Metals

Get Wired! How to Unravel Big Dollars from Wires Made of Gold, Platinum and other Precious Metals

If you’re emptying an old factory that produced products that contained metals, chances are good that you will discover wire that contains precious metals.  You might find coils of it in storage areas. You might find little rolls of it hiding in drawers. Unless the previous owners labeled their supplies carefully or the wire is still in its original packaging, you have very little way of knowing what kind of wire you have.

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What’s Happening with Gold?

If you’ve been monitoring the current drop in gold prices, chances are that you have been wondering what is happening with gold. That is a very good question to ask, especially if you own quantities of gold that you would like to recycle or sell at the most opportune time.

Yet as a very wise investor once told me . . .

When everyone is asking the same question, smart investors think of other questions that could be even smarter to ask.

What's going on with gold right now? And is that the only question you should be asking? Maybe now is the time to talk to Specialty Metals about recycling silver, platinum, palladium and rhodium?

What's going on with gold right now? And is that the only question you should be asking? Maybe now is the time to talk to Specialty Metals about recycling silver, platinum, palladium and rhodium?

The message behind that advice is that contrarian thinking is often the best in unsettling times. So instead of following the crowd and fixating on gold, perhaps questions like these will lead you to more profits today.

Smart Questions to Ask

  • Am I overlooking other precious metals that I could recycle profitably today? If you own quantities of catalytic converters, thermocouples, or other items that contain precious metals, could it be wiser to direct your attention to them now? What is happening with gold could be a secondary concern.
  • Could I profit by selling or recycling my gold now, despite the current price levels? If you acquired gold at a price that was lower than its current level, you can still profit by liquidating it now. You make money by selling at a profit, correct? So the current prices may not be a valid consideration.
  • Instead of trying to buy gold now at attractive prices, should I invest in, or recycle, other precious metals instead? Gold is not the only game in town. Other metals, including platinum, are also selling at very attractive prices. Perhaps they offer you a better investing option today.
  • Where can I acquire gold and other precious metals today at below-market prices? We have, for example, recently recycled quantities of used sputtering targets and catalytic converters that our clients acquired for “pennies on the dollar.” Those clients enjoyed a very good return on every dollar they invested, without obsessing about the current trading prices of gold or other precious metals.
  • Why are aggressive recycling companies courting me? In the current climate, a number of firms are attempting to acquire gold now at its lowest price, so they can hold onto them until prices rise. If you are getting solicitations that urge you to liquidate your gold holdings now, it could be wisest to wait for prices to rise so you can realize profits at the right time. Why give away the possibility of claiming future profits for yourself?

Answers to Your Questions about Gold

If gold is on your mind and you have questions about it or other precious metals, this is an opportune time to contact Specialty Metals Smelters and Refiners at 800-426-2344.

Related Posts:

Why You Can Make More Money than Ever by Recycling Silver
Palladium Recycling: Don’t Overlook the Great Value of this Little-Understood Rare Metal
All about Rhodium, the Other Precious Metal
Easy-to-Miss Places where Platinum-Plated Metals Can Be Found




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?

Related Posts:

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Got a Gold-Plated Mercedes-Benz? We Can Recycle That!
What Is Karat Gold and How Can You Find Out What Yours Is Worth?
The Mystery and Mastery of Gold Refining