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. In the event that you have been gifted or bought unrefined gold, you can find someone to do the refining for you. You need to choose the refiner wisely though because you do not want to be putting such a valuable commodity in the hands of someone who is not trustworthy. You might be having a lot of names when it comes to gold refiners but you have to look beyond the obvious in knowing the best person to work with. It is crucial to talk about the refining time with the professional before you sign the contract. You should expect anything from several days to weeks. If the purity levels are high then the refining time should not be long. You do not expect high quality refining of a lot of product in a day which is why you should investigate the methods used a little further in such a case. The fee might be too high if you are not careful. 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. Do not take word-of-mouth when it comes to refining because if it is written, it can be used as evidence anywhere. 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. This is not usually the case in most situations. The refiners will do a sampling of what you have submitted to them, assay determination and then settlement after which the unrefined gold will be combined with others and processed. However, you will get a pure product that is equal to what you submitted. 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. 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.