Precious Metals

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Precious Metals

Precious metals bought in London Hatton garden. While the first precious metal people think of is gold it is not the only one. In Hatton Garden, the precious metal specialists are also refining precious metals platinum, silver, palladium, and ruthenium. This may seem a simple job, but it is, in fact, a highly skilled trade. Learning to recover precious metals takes many years of training. If the store is supplying a recycled piece of gold or silver, you can be sure of the quality of the product you will be receiving.

Precious metal waste

Some of the UK’s leading precious metal recovery companies are in Hatton Garden, they have the experience to provide a comprehensive service. Dealing with both public and trade customers their expertise means your precious metal waste is in good hands. The smelting process is done on-site for maximum efficiency and financial return. Clients are also welcome to watch their precious waste being processed. The price for the gold is calculated on the day it is received, based on the AM gold fix that day. The value also depends on the pureness and amount of gold. Gold is given a fixed price twice a day, by the London gold fixing, which enables the precious metals market to trade at the same quoted price as each other.

The purity of Gold

The purity of gold is measured by how many parts per thousand are pure. You can often tell the purity of your gold by the hallmark that is stamped on it. The English hallmark is 375 for 9ct gold, this means the purity of the gold is 375 parts per thousand (37.5%) pure. A number on its own without an official assay office stamp is not considered a hallmark and does not represent the true purity of the gold. Melting and assay charges vary on the type of metals being tested, the assays for these are usually between three to four working days. Sweeps from an incinerating process will take approximately 1 to 2 weeks depending on the type of material. The recovery process is quite fast, efficient and confidential, offering maximum returns encouraging customers to come back again and again to sell scrap metals.

Gold and platinum precious metals

Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Other precious metals include the platinum group metals ruthenium, rhodium, palladium, osmium, iridium, and platinum, which is the most widely traded. When the Earth? formed, molten iron sank to the centre to make its core and took the vast majority of the planets precious metals gold and platinum with it. There are enough precious metals in the Earths core to cover the entire surface with a four metres layer of precious metals.