Precious Metal Refining
With the value of gold and other rare and precious metals going through the roof, there is increased interest in investments and deals that involve precious metal ore.
Precious metal ore is primarily special dirt. However, this dirt has a valuable amount of precious metals; for example gold, platinum, silver, and palladium. If dirt has just a small fraction of a percentage of precious metals in it, the dirt is called ore, and has great value.
Of course, for precious metal ore to realize its full value, it must be refined. Precious metal ore must be mined from the earth, stored, guarded, transported, and refined before it can be fungible. Also, because there is often a lot of dirt mixed with ore, it takes up a large amount of space and is heavy.
Precious metal ore is often worth less than 70 dollars per pound. Of course, if you have 78,000 pounds of it, that might, precious metal ore has to be mined from the earth, an expensive and time-consuming procedure.
Historically, mercury metal (once called quicksilver) and cyanide were popular (and dangerous) materials used to refine gold and other precious metals from ore.
In recent times, precious metal ore is usually refined either with acids, with water floatation, shaking, solvents, melting, chlorine, and several other ways. Often, it takes many steps to create a final refined product.
Finding precious metal ore is usually difficult. Usually, it is buried deep in the ground, or located in a protected area that cannot be mined. Most people that want gold, want it in the form of bullion, coins, or jewelry. Buying gold as a refined product means you must pay full retail, there are very few bargains.
However, there are still bargains in precious metal ore. The illiquidity of raw ore is what enables one to find bargains. Is it easy to convert raw ore into gold? No, if it was easy there could be no bargains. If one is well-funded, and has, or can find the right connections to a refiner, one may find bargains.
A search for a "Judgment Broker" on the web, shows there are current and unique situations. As an example, 78,000 pounds of precious metal ore are stored in Nevada, worth at least 53 million dollars, stored in a secure location. Anyone that knows of or can find a refining company, can make a lot of money by buying this for about 3.5 million, paying the shipping and refiner, and pocketing an immense amount of cash.
Precious metal ore is primarily special dirt. However, this dirt has a valuable amount of precious metals; for example gold, platinum, silver, and palladium. If dirt has just a small fraction of a percentage of precious metals in it, the dirt is called ore, and has great value.
Of course, for precious metal ore to realize its full value, it must be refined. Precious metal ore must be mined from the earth, stored, guarded, transported, and refined before it can be fungible. Also, because there is often a lot of dirt mixed with ore, it takes up a large amount of space and is heavy.
Precious metal ore is often worth less than 70 dollars per pound. Of course, if you have 78,000 pounds of it, that might, precious metal ore has to be mined from the earth, an expensive and time-consuming procedure.
Historically, mercury metal (once called quicksilver) and cyanide were popular (and dangerous) materials used to refine gold and other precious metals from ore.
In recent times, precious metal ore is usually refined either with acids, with water floatation, shaking, solvents, melting, chlorine, and several other ways. Often, it takes many steps to create a final refined product.
Finding precious metal ore is usually difficult. Usually, it is buried deep in the ground, or located in a protected area that cannot be mined. Most people that want gold, want it in the form of bullion, coins, or jewelry. Buying gold as a refined product means you must pay full retail, there are very few bargains.
However, there are still bargains in precious metal ore. The illiquidity of raw ore is what enables one to find bargains. Is it easy to convert raw ore into gold? No, if it was easy there could be no bargains. If one is well-funded, and has, or can find the right connections to a refiner, one may find bargains.
A search for a "Judgment Broker" on the web, shows there are current and unique situations. As an example, 78,000 pounds of precious metal ore are stored in Nevada, worth at least 53 million dollars, stored in a secure location. Anyone that knows of or can find a refining company, can make a lot of money by buying this for about 3.5 million, paying the shipping and refiner, and pocketing an immense amount of cash.
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