News For This Month: Gold

Essentials Questions when Choosing Accredited Gold Refiners.

Just because the gold you have is not unrefined does not mean it is not valuable. In the event that you have been gifted or bought unrefined gold, you can find someone to do the refining for you. Be careful who you choose as your refiner because the product is too precious for you to lose. There are some questions that can guide you in selecting the an accredited gold refiner. 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. With gold that has high purity level, you do not expect the work to take weeks. Also, be careful about people who promise to do the work in a day because there is a high possibility that they are taking shortcuts. 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. Anyone who says there is a flat fee should not be easily trusted.

You should get an explanation on whether it is the material you take for refining that will be worked on and submitted back to you. 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. Nevertheless, do not confuse this to mean the product you submitted will be decreased or increased when you are getting the refined product. 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. This is why you should insist on knowing about the analytical methods your refiner uses. For gold, the standard method for use in value determination is the cupellation also known as fire assay. Even though the refiner will do his or her best to give you the best assay results, you also need the valuation to be done by a third party so that you can compare the results. No one should make you feel bad about that. In case of assay results which do not match, you ought to know how such a conflict is resolved.

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