When looking for a company that will refine your precious metals you need to be sure you are dealing with a company that is registered under the precious metal refining scheme. The precious metal refining scheme was created in Singapore in 1997 with the aim of reducing the amount of waste that was coming off the mines and making it easier for the precious metal refining companies to do business.
Many companies which label themselves as precious metal refining companies really aren’t even refineries, but middlemen who basically just buy the unwanted scrap metal at the point of extraction, and send it on to be refined goldco direct. This makes them appear to be more legitimate than some “real” refineries.
The process of recycling your own scrap is great for the environment, and also allows you to use precious metals that you have saved for other purposes. When you get your gold scraps from gold refineries they are often sent in the form of gold bars or coins.
These are not an environmentally sound way to go about recycling, because the bars and coins sit around for years, and when there is finally a use for them they are melted down and the gold which is left is recycled. When you go to the gold refining company to get your precious metal scraps you are likely going to receive copper, silver, nickel, ruthenium, or palladium, as well as other precious metals.
The precious metal refining companies that you deal with will either buy your metals from you directly, or they will contract the mining and refining of these metals to companies who will undertake the job for them. You can work with a company that specializes in all different kinds of metals, including but not limited to gold, silver, platinum, palladium, iridium, and nickel.
These companies will come to you and help you figure out what you have on hand, or if you have enough of one of these metals to make it worth their while to mine for it. You can also work with an online company that will do the research for you, and finds you where the best places to get what you need are, so you won’t waste any time or money getting what you need from the mining and refining of these metals.