The shiny yellow metal that is Gold still remains one of the most treasured of the precious metals. For hundred of years Gold has been an indicator of wealth and a status symbol for many. Used extensively in jewelery designs still today Gold remains ever popular.
Gold has always been used as a form of currency and monetary exchange throughout the ages and around the world. Gold bullion coins that used to be used as currency in circulation are now mostly collected for their investment value or collectible rarity. The majority of bullion coins minted are of 22 carat or 24 carat pure fine Gold. Most countries do not produce Gold bullion coins for use as currency anymore as the price of Gold makes it unfeasible. For investment purposes many Gold bullion rounds are now pure 99.99 Gold or 24 carat, although 22 carat coins are still in mint. The Gold Sovereign is one such 22 carat bullion coin still minted today.
Some of the higher rated Gold purity bullion coins are listed below :
- Canada Maple Leaf 99.999% fine Gold
- Gold Kangaroo from Australia 99.99% pure Gold
- Australia Gold Nugget 99.99% Gold
- Lunar Calendar Coin from Australia 9999 Gold
- American Gold Buffalo bullion coin 99.99% Gold
As well as its use in the bullion investment market Gold is used extensively in industry. Due to the precious metal being a good conductor of electricity Gold is used in many electrical wiring solutions. The precious metal Silver is actually a better conductor than Gold but Silver can corrode (which Gold does not) so Gold is used more often in electrical components. Many electrical connections are Gold plated as corrosion resistant metal help keeps connections parts clean and highly conductive. This use for Gold electrical parts and connections becomes most useful in important applications such as aircraft, satellites, communication equipment and high grade computer systems. These types of application require perfect performance and cannot afford any electrical connection failure whatsoever.
The many industrial uses for Gold as well as the high investment market for the precious metal all help make Gold so valuable. The high value of Gold also supports a healthy trade in the recovery of scrap Gold metal from unwanted jewelery, industrial components, computer circuit boards and countless other avenues where Gold is present. Even a small amount of Gold is worth cashing in for the scrap value of the precious metal. There are various methods for recovering the Gold present in electrical components, such as reverse electroplating which can yield good levels of recovered metal. Other precious or high value metals such as Platinum, Silver, Palladium and Rhodium also have high scrap value and are well worth recycling through a scrap Gold refiner.
Source by Gary Smithe
Gold Recycling For High Value Metals
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