News For This Month: Gold

Questions to Use in Determining the Best Accredited Gold Refiners.

There is no part of the universe where gold is not valued whether it comes unrefined or refined. There are times where you can find it unrefined and that means getting someone to refine it. Be careful who you choose as your refiner because the product is too precious for you to lose. Even though you have the names of accredited gold refiners at hand, there are questions you have to ask yourself before deciding on who to settle for. You need to ask the person the time it will take for the work to be done. You should expect anything from several days to weeks. With gold that has high purity level, you do not expect the work to take weeks. Anyone who promises to be done with processing of a lot of unrefined gold in a day should not be trusted easily because the work might be done halfway. You have to keep your eyes open and be more involved in every process so that you will not end up paying high for the services. You ought to follow up on all the charges because it is the only way to make sure you are paying for what you are getting. You need to get the charges in writing before you submit your gold for refining. You should not rush into flat fee deals because they might blow up on your face.

There is the question of whether you will be getting your original material back after refining. Rarely will you get back exactly what you took to the refinery. The professionals usually do sampling, settlement, and assay determination and then combine it with other materials for refining. Even so, these refiners will already have precise information on how much of pure gold you should be able to get after the refining process so that they can deliver that at the end of the day. There is no question of whether or not you will get a pure product but you should not expect it to be strictly from what you delivered.

There is always a variation in the gold value when the ore is located at different places. This is why you should insist on knowing about the analytical methods your refiner uses. Fire assay is the accepted method in determining the value of gold worldwide. Do not be too trusting in terms of the assay because even the loss of one gram might be too big of a loss and you need to get some of your product to be analyzed by someone else just to confirm the assay results. It is your product and at the end of the day it is all business which is why you have a right to get a second and even third opinion. In case of assay results which do not match, you ought to know how such a conflict is resolved.