The recent economic downturn has led to an exponential increase in the price of precious metals, such as silver, platinum, palladium, and gold. Many people are seeking out ways to capitalize on this venture, by selling their unwanted metal house wares and jewelry. However, people sometimes overlook the fact that most electronic products that they use, and perhaps discard, every day have certain quantities of precious metals, namely gold, since gold is incredibly flexible and is an amazing conductor. While some may balk that the quantity of gold contained in these items is so low as to be of no use, the surge in the price of gold has led many to reconsider this position. Accordingly, selling electronic scrap to a refinery and recycling facility can prove to be immensely profitable.
A quick look at the price of gold over time will show that we are currently experiencing an economic climate in which the price of gold is at the highest it has been in 30 years. The current price of gold has exceeded over $1000 per ounce. This means that even the smallest amount of gold contained within cell phones, mother boards, RAM, and memory cards can provide an excellent profit when refined properly.
The last time that gold prices reached such heights was in the beginning of the 1980’s. Since then, given the relative economic success of the global economic market, the price of gold fell as investors turned to riskier financial ventures because they could expect more profit and more security with their investments. However, as the recent economic crisis has shown, when people lose faith in these riskier financial products, they turn towards commodities, such as precious metals. As such, the demand for gold, among other precious metals has skyrocketed, and the supply has remained the same, or even decreased. Therefore, procurers and investors in commodities like precious metals are looking for new ways to increase their supply. Accordingly, one such measure is the recycling of electronic scrap and unwanted electronic products.
However, processing this material, since it is contained in unwieldy electronic products, and only in small amounts in some cases, can prove to be problematic for the potential seller. When taking on projects like electronic scrap, traditional recycling facilities and precious metals refineries can incur a huge overhead cost, which decreases the amount of money that the seller will receive after having their electronics processed for their precious metals.
However, some refineries have developed to fill this niche in the market. Sites like CashForElectronicScrap.com have streamlined their processing and refining systems to reduce those overhead costs, making selling and recycling electronic scrap to be a very profitable and lucrative venture. While traditional precious metals refineries may struggle to take advantage of this opportunity, these companies are excelling.
Since they have distilled their process down to work exclusively with this material, they have been able to greatly reduce their overhead costs, allowing them to pass on the huge amount of profit to the people that will sell to them. And, at over $1000 for every ounce of gold, the profit from it can seem unimaginable to some. As many people will simply dispose of used electronic products when modern technology makes great advancements every day. This renders yesterday’s products obsolete, and these people are unaware of the great value that their electronic products hold.
Instead of throwing these products away, which also contaminates the environment, properly recycling and selling their electronic scrap has been shown to be immensely profitable. Considering all the environmental, as well as the economic advantages of recycling electronic scrap, it appears that recycling it is the way to go.
