Want to Make Money by Recycling Gold Scrap?

Want to Make Money by Recycling Gold Scrap?

Don’t Overlook Gold-Plated Items

When most of us go looking for gold items to recycle, we look first for solid gold items, and with good reason. Even very small items made of karat gold can contain enough gold to make them worth a lot more than they appear – small items like stud earrings, tuxedo studs, lapel pins, tie tacks, and religious and commemorative medals.

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What Will Happen to Precious Metals Prices if a Recession Starts?

What Will Happen to Precious Metals Prices if a Recession Starts?

Nobody likes a recession. But the fact remains that if another recession starts soon, precious metals are a good place to have your assets invested.  

During the last big historical recession of 2007-2009, the trading price of gold rose about 24%. In the same period, the Dow fell by about 35%. And something similar, though not as extreme, happened in preceding recessions. In the less-severe recession of 2001, gold prices rose more than 4%, while the Dow fell about 15%.

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It’s a Great Time to Profit from Recycling White Gold Jewelry

It’s a Great Time to Profit from Recycling White Gold Jewelry

Today is an especially good time to make money by refining older pieces of jewelry that were crafted in white gold.

Why? Here’s a bit of history that could come in handy if you are interested in making money by reclaiming and recycling gold scrap . . .

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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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Can You Extract Gold, Silver and Platinum by Burning Things?

Can You Extract Gold, Silver and Platinum by Burning Things?

The idea is simplicity itself. You take a pile of stuff that contains precious metals and reduce it to ash by burning it, then process the ash with a strong chemical that removes everything but the metal. Wow, you just turned a pile of worthless-looking stuff into a small quantity of bright precious metal.

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Why Recycling Gold Jewelry Requires the Services of an Expert Gold Recycler

Why Recycling Gold Jewelry Requires the Services of an Expert Gold Recycler

A client of ours recently found an interesting piece of gold jewelry. It was a brooch, probably more than 100 years old, that he found in an estate sale. He bought it for $40.00, took it home, and tested it using a gold testing kit.

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Why Scrap Gold Is a Better Investment than Gold ETFs

Why Scrap Gold Is a Better Investment than Gold ETFs

A gold ETF (Exchange Traded Fund) is a gold-based investment you can buy as though it were a stock or mutual fund. And like those investments, you can monitor how well your ETFs are performing, and what prices they are trading for. The companies that create and sell gold ETFs buy a quantity of gold bullion and allow investors like you and me to invest in partial ownership of them. Gold ETFs offer convenience – you can call your financial consultant at Fidelity or another investment company – and say, “Buy me some shares in a gold ETF,” and you are off and running with your gold investments. And because their performance is tied to gold trading prices, it is easy to keep an eye on how well your investment is performing.

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Common Industrial Scrap that Can Be Worth Big Dollars

Common Industrial Scrap that Can Be Worth Big Dollars

A man who was emptying out a storage building owned by a company that installed security alarms found a storage cabinet stocked with 200 unused key pads. He got excited and got them tested, only to find out that each of them contained less than a dime’s worth of gold. But then there was the guy who emptied out a factory where production lines were designed and installed; he found unused thermocouples that turned out to be worth more than $1,000.

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History’s Most Amazing Gold Discoveries

History’s Most Amazing Gold Discoveries

When you go looking for gold, you will usually find items that contain very small quantities of it. You might find a picture frame that is covered with gold leaf, a printed circuit board that has gold-covered contact pins, or a pair of gold-plated eyeglass frames.

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To Profit More from Gold Scrap, Keep the Long View

To Profit More from Gold Scrap, Keep the Long View

There have been times in history when big financial events seem to come at the rate of one or two a year. This is not one of those times. Every day seems to bring a big piece of financial news that could threaten the trading price of gold. For example . . .

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Investing in Precious Metals? Make 2019 a Back-to-Basics Year

Investing in Precious Metals? Make 2019 a Back-to-Basics Year

As 2018 is now in the past, we are sensing a lot of uncertainty about investing in precious metals. Some of that uneasiness is due to recent events, such as our country’s imposition of higher tariffs on imported goods. Another new development is that AMPEX, a major dealer in bullion, is now allowing investors to pay for their purchases with Bitcoin. We don’t actually know whether that will produce big changes in the trading prices of gold, silver, platinum and palladium – after all, every time you buy any precious metal you are paying for it with some kind of currency, right? But paying for precious metals with Bitcoin is making the news, and causing traditional traders in precious metals to ask, “What does it mean?”

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Will You Get More Money by Donating Your Old Car to Charity or by Recycling the Precious Metals It Contains?

Will You Get More Money by Donating Your Old Car to Charity or by Recycling the Precious Metals It Contains?

If you have ever donated a car to a charity, you know the routine. You call to schedule a time when your car will be picked up. A flatbed truck arrives, the driver writes out a receipt, and your old car gets hauled away. A little while later, you get a receipt from the charity that took your car. That receipt should provide a value for the car you donated, which should be what the charity sold the car for.

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