| Author |
 Topic  |
|
|
Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 07/31/2008 : 20:57:06
|
I'm sure you see advertisments for buying your "old gold", but were is all of that 14K going? Do you think it is being refined into .999 bars or just recycled back into more 14K gold jewelry?
If there is the demand for 14K jewelry now it would seem most logical to me that most of it would go right back into 14K jewelry?
But what do you think?
|
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
Kurr
1000+ Penny Miser Member
2906 Posts |
|
|
Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 07/31/2008 : 22:17:46
|
I believe that both could be happening. If there is a demand for .585/14k gold, then why not recycle it. Other than 'fix' the alloy after they melt it (you know those markin' lye ya kno, as a refiner would say) and sure up the numbers its okay to reuse for jewelery.
It seems like it would be easier to mine gold and sell it in .999 to mints, jewelery manufacturers, computer companies, etc. and mold the gold in their way then buy 14k turned 24k/.999 gold from a recycler/refiner.
My 100,000,000,000 zimbabwe dollars (or less beacuse they fixed it today I Think) |
Robber Baron= Robarons |
 |
|
|
Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 07/31/2008 : 23:41:39
|
| They will refine it and make .999 bars. Search refining gold in google and you will see the process they take. It usually involves agua regia. |
|
|
|
n/a
deleted
21 Posts |
Posted - 08/03/2008 : 14:12:01
|
it goes both ways,
I am a Jewelry manufacturer as well as refiner. There have been times where we have purchased 999 bars and melted them into jewelry, there have been other times where we have had more scrap than we know what to do with and have minted coins and bars from it. Gold can be recycled forever.
Generaly most refiners take junk jewelry and and use Aqua regia or inquartation followed by Aqua Regia to make 999 fine gold then grain it into BB sized grains. Then it can be allowed down into what ever product is needed, yellow gold, white gold red 10k-18k or other specialty alloys. Yellow gold or white gold can never be melted down directly and cast into new rings, the result is a disaster due to the different alloys/solder etc.
For most refiners gold is gold, different people/companies buy it for different applications.
The tech industry is useing less and less due to the high cost and most tech devices only need to work for a couple years now anyway before something newer and better comes out.
As far as the jewelry goes, old rings come in, new rings go out. Its a fascinating cycle. whats more interesting is the conversions. My firm gets in a mix of everything scrap, Mostly old jewelry but we get some from people who reclaim gold from electronics. Scrap dental gold/teeth, old coins that are made of gold, new gold coins, of course about once a moth we hit up all the pawn shops and clean them out of there old jewelry, trade ins for new rings and of course our own waste scraps from the manufacturing process. For example rings I made from gold this last week had a combination of gold that came from stripped computer chips, some genuine and counterfeit 1800s US gold coins. Some natural gold from California gold nuggets, Scrap junk jewelry from pawn shops, and a mix of our recycled scraps from our own process. It all gets mixed together.
In fact when there is too much gold we advertise our little coins we make to sell off the excess.
web site is You must be logged in to see this link.
the jewelry I make. You must be logged in to see this link.
Fun stuff to work with. |
|
|
|
jorhyne
Penny Pincher Member
174 Posts |
Posted - 08/03/2008 : 14:58:18
|
JewelerDave: Those are some beautiful bullion coins you have at enviromint, the nicest non-government bullion coins I've seen in a long time.
P.S. Welcome to Realcent! I know your active over at Treasurenet and these are both great forums. |
Pennies For Sale: http://tiny.cc/jorhynespennies |
|
|
|
Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/03/2008 : 15:53:38
|
| Does the purity of gold being .9999 and .999 make a difference in value? |
Trolling is an art. |
|
|
|
n/a
deleted
21 Posts |
Posted - 08/04/2008 : 19:06:22
|
It really just depends on what your doing with it. For most applications such as jewelry and bullion 99 is really pure enough for the job needed. Some scientific applications may require more purity, and doing Aqua Regia right yeilds 999
The 4th 9 is possible and is done, its more of a marketing thing than anything else, a psychological marketing tool.
For the average consumer. Bullion products just sit in a box. So it does not really matter. One can however charge more to people who are useing it for an industrial application or to a collector at a premium for such gold. So in those regards, yes, its more valuable too them. But for most of the gold applications out there. a 4th 9 is not needed.
This is a jewelers answer however. There are other arguments on the subject. Generaly the 9999 is more expensive, but just for the reasons sated above. Hope thats helpful. |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/04/2008 : 19:13:55
|
Yes, welcome jewelerdave.  Feel free to post your gold products in our Buy, Sell, Trade forum anytime. We hope to hear more from you about the jewelry/mint business. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 08/04/2008 : 19:50:22
|
Ardent Listener, stealth edit.... Nice.
Deal
p.s. Ditto on posting some of your wares in the buy and sell forum, jewelerdave |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
|
|
| |
Topic |
|
14K being recycled?
Forum Locked
