Offshore Metals Refining
Tips to Improving Your Return on Scrap Gold
Many businesspeople have taken up the challenging business of scrap gold refining. This is whereby they collect scrap gold material that they accumulate and then send to gold refineries for processing. Given the still high demand and high value of precious metals today, it is a good business to get into. Many savvy scrap dealers have learnt the tricks and tips that can ensure they make a very healthy profit margin off their activities. One good way to earn such good earnings is to collect your scrap in bulk. This will help you take advantage of economies of scale when it comes to shipping and insurance costs. If you can find an offshore metals refining company that will undertake these costs for you and send their own courier to pick up the shipment, even better.
Opting for an offshore refinery is very common in this business because these plants offer much better pricing on these services. They are typically based in countries where gold is already being mined and therefore have the relevant facilities needed for the work. They also offer more favorable pricing for the services to be rendered. One key aspect that will impact the cost of using their services is the amount of impurities that are in the shipment. It is a good idea for a scrap gold dealer to do research into the various techniques they can use to cut down on the level of impurities in shipments. With fewer impurities, the assay test should reveal a higher quantity of gold in the shipment and offer a better price. It also means that where you are paying for the shipment and insurance, you are earning getting better value on your investment. Many also get better pricing by coupling this with accepting payment on the refined gold rather than using the results of the assaying.