Recycle Precious Metals for Cash
Why Recycle Precious Metals
In the first few weeks of 2010, the economy remains stubbornly in its post credit crisis slump, and if you are in need of some extra cash, you may consider trading in your unused cell phone, computer parts, dental equipment, jewelry and more by recycling precious metals. Or you might find that other people’s trash could be your treasure if you just volunteer to haul it away!
How to Recycle Precious Metals
There are several categories of precious metal recycling and prices fluctuate on each of these commodities daily. Usually when the dollar is low, gold commodities are high, and gold prices rise. You can check precious metal commodity prices online at sites like Kitco: http://www.kitco.com/market/ If you want to recycle precious metal, the categories include: gold, silver, platinum, palladium, and rhodium. You can also trade mixed metals.
There are several reasons that recycling precious metals can be very lucrative.
- Scrap metal is readily available
- Metal is easily to ship and store securely
- Many people are happy to have you haul away their scrap
- Precious Metal is a traded commodity which guarantees you a set price
- Metal does not require any processing in order to sell
Where to Find Precious Metal Scrap
- X-ray fixer and films
- Electronic Scrap
- Films and Photo Scrap
- Cell Phones
- Computer circuit boards
- Automotive sensors
Where To Send Your Scrap Metal
You send your metal to recycling and refining companies who handle precious metal scrap or surplus such as gold, platinum, palladium, rhodium, silver, and other alloys. You can call to get the best prices, and some will even lock in the price over the phone. Try to find a company to recycle your precious metal in your locality. There are many website directories and yellow pages which will help you locate the scrap metal recyclers in your area.
Benefits Recycling Precious Metals
- Recycling is profitable.
- By recycling you will make your world a greener place, helping to safely remove toxic materials from manufacturing waste, electronics, and other scrap materials.
- You may be able to help businesses by auditing their waste streams to determine what can be refined and recycled.
- This metal really is precious because there is only a finite amount of it in our world. Unless we recycle our precious metals, there will be an impact on future manufacturing as quantities continue to diminish.
Bio: Sue McCrossin is an free lance writer working on marketing Abington Reldon Metals. AR Metals specialty is to recycle precious metals.