You're possibly thinking about taking your gold to a refinery to get it melted down and make it close to pure. The more money you spend, the more pure it will be. Here is some insight to what exactly happens in a gold refinery so that you know the process and know what to expect when you take your gold to one.
Gold refineries are becoming very popular among those that want to makes their gold pure. Gold refineries of course have many other services and really will work with you. Gold refineries of course are for melting down gold and extracting the impurities from it. With impurities gone, the gold is much easier to sell because it is pure and the price is easier to base off of the gold spot price. Gold refineries not only melt down gold for that purpose, but they also melt it down so the owner can possibly sell it to a jeweler to mix with another metal. Gold refineries are open to doing business with anyone, but most of their clientele is industrial companies.
The process begins with assaying, which is a fancy way of saying that your gold is assessed for its precious metal content. The refinery weighs the gold in whatever form it may be (jewelry, bullion) and then tags it. They may even employ acid tests using nitric acid in order to make note of its resilience or lack of it, to determine the composition of the gold. Assayers will also take a drilled sample from the gold and send it to a laboratory that will determine the gold composition. The assay will then use varying methods to further determine the composition of gold, the most common being a fire assay. This involves heating the gold sample up in high temperature furnace, mixed with compounds that will separate non-precious metals from the gold. The process continues with the actual refining of gold, to separate the impurities that are in it.
...More at How Gold Refining Companies Earn BIG Profits
With learning how gold refineries work, you know what to expect when sending your gold to one. You don't have to worry about a gold refinery cheating you.
Gold refineries are becoming very popular among those that want to makes their gold pure. Gold refineries of course have many other services and really will work with you. Gold refineries of course are for melting down gold and extracting the impurities from it. With impurities gone, the gold is much easier to sell because it is pure and the price is easier to base off of the gold spot price. Gold refineries not only melt down gold for that purpose, but they also melt it down so the owner can possibly sell it to a jeweler to mix with another metal. Gold refineries are open to doing business with anyone, but most of their clientele is industrial companies.
The process begins with assaying, which is a fancy way of saying that your gold is assessed for its precious metal content. The refinery weighs the gold in whatever form it may be (jewelry, bullion) and then tags it. They may even employ acid tests using nitric acid in order to make note of its resilience or lack of it, to determine the composition of the gold. Assayers will also take a drilled sample from the gold and send it to a laboratory that will determine the gold composition. The assay will then use varying methods to further determine the composition of gold, the most common being a fire assay. This involves heating the gold sample up in high temperature furnace, mixed with compounds that will separate non-precious metals from the gold. The process continues with the actual refining of gold, to separate the impurities that are in it.
...More at How Gold Refining Companies Earn BIG Profits
With learning how gold refineries work, you know what to expect when sending your gold to one. You don't have to worry about a gold refinery cheating you.
About the Author:
What to know how gold coins and precious metals refining works? Come on by and learn so you know when you go to get your gold coins and precious metals smelted.
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