Your new gold mine is literally all over the place, anywhere from obsolete computers to scrap gold jewelry and all the way to Spent Automotive Catalysts.
One can easily come by with what seems to be our everyday trash, think about your neighbor that is tossing his old computer, or maybe local tech lab or factory that throw their left over circuit boards and cables to the dumpster instead of giving it to you. Although some types of scrap electronics may come by free for the take, some other types of scrap electronics you will have to buy, those are the scrap gold/silver jewelry and Automotive Catalysts.
Sorted circuit boards, scrap jewelry and Automotive Catalysts can be usually bought online (eBay, craigslist etc..) or offline from local scrap dealers.
Knowing what you should pay for scrap electronics is by far the biggest obstacle at this profession, since there are basically thousands of different types of scrap electronics, we can't possibly know them all, but getting to know with the general features and main components that are in e-waste will help you set a basic pricing guide lines, in our other sections we will discuss about electronic waste types, components and how to process them.
Jewelry scrap is far easier to price since the manufacturing industry is subjected to harsh legislation made for consumer benefit.
Automotive Catalysts is as well easier to price with all sort of catalogs that may help you to know how much PGM's (i.e. Platinum Group Metals) are in each type and model.
According to the EPA, in 2007 the total amount of e-waste in the US alone were 2.04 millions metric tons and estimates are that this numbers are only going up each year with technology advancement that lowering prices constantly.
E-Waste in the US make up less then 2% of municipal solid waste stream (EPA)
It's been reported that 15-20% of gold consumption worldwide is from recycling and the rest still comes from mining and 75% of world silver production comes from mining.
The process of gold mining is the cause of terrible pollution (cyanide leaching), and even has the potential to cause devastating natural disasters if not done responsibly.
The Homebrew gold recovery and refining:
Gold and Silver recovery from scrap electronics and scrap gold jewelry in your back yard or garage is possible and is great hobby and extra chash source.
Before getting started, one most make sure to take the necessary and proper precautions to prevent any environmental damage or physical damage to himself, surrounding peoples and equipment. please reffer to our general safety article for more information and tips.
Gold, silver and platinum prices:
Gold and other precious metals prices are constantly on the rise by two main reasons: US dollar weakening and growing demand for gold, silver and platinum group metals.
The skyrocketing prices of gold and other precious metals present vast opportunities for the hobbyist and professional and make more money out of each deal of scrap gold jewelry or scrap electronics.
Current Gold, Silver and Platinum spot prices: