How to Make Money Buying and Selling Gold

How To Make Money Buying and Selling Gold

Bonus Doc # 2

Business Resources

Bonus Doc

Precious Metals Refining Companies

This is a list of the larger and more well known recycling and refining companies who handle precious metal scrap or surplus such as gold, platinum, palladium, rhodium, silver, and others. There are many more, but these will give you a start. If you find one located near you then it is a good idea to visit them in person.

I am listing US Gold first as they are one of the very few who will deal with you without a business license so a lot of new sellers tend to use them at first:

US Gold is located in New York City. They pay between 95% and 98% based on the quantity of gold you send. You would need to send them over 25 Troy ounces to get the highest payment of 98%. Their minimum is 2 ounces. They have a chart on the home page of their website that shows what they pay each day for gold.

Belmont Trading, Co.
Your rejected, discontinued or obsolete printed circuit boards are not scrap, they are an asset to be converted into cash. PCB's and computers parts are sent to a licensed precious metal refiner.

Crystal Bay Trading
New York buyer of precious metals everything from platinum, palladium, iridium, rhodium, tantalum, indium, gold, germanium and osmium. Over $140,000,000 purchased since 1985. Now selling platinum-iridium casting grain and wire and rare earth metals.

Eastern Smelting and Refining, Co.
Founded in 1896, Eastern is one of the nation's oldest refiners of precious metal scrap. Processing most forms of scrap, waste, and residue containing gold, silver, platinum, palladium, and rhodium.

Handy & Harman Refining Group, Inc.
Provides refining services to customers throughout the world for gold, silver, platinum and palladium and manufactures a range of high purity gold and silver, gold and silver bars, grain and crystals.

L&L Enterprises Located in Kenosha, WI, L&L is a family owned business that has been in business over 25 years. Most of their customers are jewelers, but they will deal with any legitimate business.

Precious metal recovery
UK based firm recycling precious & non-precious metal scrap such as silver and tungsten, platinum rhodium thermocouple wire, gold-plated PCB connectors, plating solutions, and more.

Mid-States Recycling
One of the largest processors and suppliers of precious metals in the U.S. Midwest.

Prestige Metal Recyclers, Inc.
Recycler and refiner of precious metals from the electronics electroplating, jewelry and dental industries. Various materials processed such as PCB's , plating solutions, wire, sweepings etc.

Sipi Metals Corp.
Manufacturer of brass and bronze alloys, master alloys and a refiner of precious metal scrap from electronics, chemical, photographic, and aerospace industries.

Specialty Metals Refining Co.
Buyers, refiner and recycler of precious metal scrap materials from the jewelry, mining, electronic, and industrial sectors Gold, palladium, platinum, rhodium silver in many forms.

Umicore Precious Metals
Belgium based precious metals recycling plant specializing in the processing of complex intermediate products from other non-ferrous metal works and end-of-life products containing precious metals, such as electronics, photography and catalysts sectors.

United Refining & Smelting Co.
Full-service refiner of precious metals. Primarily gold, silver, platinum, palladium & copper. Industries served include electronics, plating, computer, telecom, aircraft, and defense.

Universal Scrap Metals
Chicago wholesaler & processors of nonferrous, ferrous and UBC scrap. Also specializes in precious metal processing & recycling of silver & gold flakes, sludges, PCB electronic scrap & solders.

Westbury Metals Group
A dealer in precious and non-precious metals in New York. Scrap processing, refining, and brokering services are provided.

PATRIOT ACT FORM

Customer or Company Name: ______

Address:______

Phone Number______

Customer Information

The USA PATRIOT Act, is designed to detect and deter terrorists in the United States and abroad. The Act required by the Department of the Treasury prescribes regulations that will establish minimum standards for the identification and verification of customers in connection with the acceptance of refining material. These regulations require manufacturers, refiners, wholesalers, retailers and any other entity engaged in the business of purchasing and selling precious metals precious stones or jewelry to obtain certain information such as name, physical address, and identification number.

ID Number______Nature of Business______

( Employer ID #, SS#, or Driver License # )

Entity Type______If Corporation, State of Incorporation_____

(i.e.: Partnership, Corporation, LLC)

Owner’s Name______

Percent Ownership______Percent Ownership______Percent Ownership______

Corporate Officers Name______Title______

(If applicable)

Name______Title______

Trade References (This is only to verify customer status we will not be asking about credit)

1.Company Name ______Telephone # ______

2.Company Name______Telephone #______

CHECKS PAYABLE TO______OWNER’S

SIGNATURE______TITLE______

DATE______

Gold Karat Chart

The measure of a karat (K) depends on the percentage of gold to added alloy metals. Each karat represents 1/24th of pure gold. Here is an explanation of the karats that shows the percentages:

8K 33.3% 333 This is the minimum karat that can be called “gold” in Mexico. You will almost never see this in the United States unless it was brought over.
9K 37.5% 375 This is a very popular karat gold in Ireland, and it is also the minimum karat that can be called “gold” in Canada. Same for this one.
10K 41.7% 417 This is the minimum karat that can be called “gold” in the United States.
12K 50% 500 12 karat was abolished in 1932 when the 14K standard was legalized, although some Black Hills gold is still manufactured in 12K.
14K 58.3% 585 14 karat is the most popular karat gold sold in the United States.
15K 62.5% 625 15 karat was abolished in 1932 when the 14K standard was legalized.
18K 75% 750 18 karat is the most popular karat gold sold in Italy and other European countries.
19.2K 80% 800 This is a popular karatage in Portugal.
20K 83.3% 833 This is a very high karat gold notable for its bright yellow color.
22K 91.6% 916 This is another very high karat gold that is popular in Asia and which is very soft due to its small amount of strengthening alloys.
23.76K 99% 990 This is 99% pure gold, and is a popular karatage in Hong King, China, and elsewhere in Asia.
24K 100% 1000 This is pure gold, with no alloys added. Jewelry is made using pure 24K gold in Turkey, India, and Asia, but it is very soft, somewhat brassy in color, and more expensive.