A 10-Point Plan for Gold (Without Being Overwhelmed)

Essentials Questions when Choosing Accredited Gold Refiners. Just because the gold you have is not unrefined does not mean it is not valuable. In the event that you have been gifted or bought unrefined gold, you can find someone to do the refining for you. Be careful who you choose as your refiner because the … Continue reading “A 10-Point Plan for Gold (Without Being Overwhelmed)”

Essentials Questions when Choosing Accredited Gold Refiners.

Just because the gold you have is not unrefined does not mean it is not valuable. In the event that you have been gifted or bought unrefined gold, you can find someone to do the refining for you. Be careful who you choose as your refiner because the product is too precious for you to lose. There are some questions that can guide you in selecting the an accredited gold refiner. You need to ask the person the time it will take for the work to be done. You should be expecting a time that is between days and weeks. If the purity levels are high then the refining time should not be long. Also, be careful about people who promise to do the work in a day because there is a high possibility that they are taking shortcuts. If you are ignorant of what is going on around you then you might be overcharged. Ask about every charge that goes into the bill before you agree to the process. Ensure you have a written price estimate before you bring your product to the professionals. Do not fall to the flat fee deals because most of the time they will not hold.

A lot of people will want to know whether it is the material they submit that will be submitted after refining. This is not usually the case in most situations. It will not be economical to process your package only especially if it negligible but rather it is combined with others and processed. Nevertheless, do not confuse this to mean the product you submitted will be decreased or increased when you are getting the refined product. You will be receiving pure gold but not necessarily from the batch you delivered.

There is always a variation in the gold value when the ore is located at different places. You need to ask about the analytical methods used in determining gold value by different refiners. Fire assay is the accepted method in determining the value of gold worldwide. Even though the refiner will do his or her best to give you the best assay results, you also need the valuation to be done by a third party so that you can compare the results. It does not mean you do not trust the refiner and if he or she is a good business person he should understand the reason for this. Make sure you know how disputed assay results are settled before hiring.