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Posts Tagged ‘precious metals’

Gold to Hit $1150 per Ounce

Thursday, March 17th, 2011

Because of the recent trends that are happening in the world, the price of gold recently went down to a level that wasn’t expected. The current selling price of gold after the news in Japan and in the Middle East hit the headlines reached $1395.70 from its previous price of $1400. There are speculations that the prices may even sink to $1,150 in the next few trades.

What is unusual is that normally when money sentiments are not looking good, people turn to gold as safe haven. However, what happened was people are accumulating dollars rather than gold. There are investors who say that people are looking for ways to increase their liquidity and are cashing in on their gold to gain new funds. The news about the disorder in the Middle East is also putting pressure on gold prices which lead to its decline.

So far, gold isn’t the only one  affected. Even the price of other precious metals  and oil are going down after the news on world events are hitting headlines. Japan is the third largest country in the world that consumes a lot of oil and when their buying ability is affected, it will create drastic movements in every market. Any worst development that will happen further will also pull down gold prices and it’s most likely that the price initially forecast at $1,150 won’t be very far.

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Tags: dollar, gold, gold prices, precious metals, safe haven
Posted in Gold and History, Gold Education, Selling Gold | No Comments »

Gold Recycling from computers

Tuesday, July 20th, 2010

Gold is one of the most sought-after metals found in computers, in addition to silver and copper. Extracting the metals is a process that could help the environment and put less stress on mining as they reduce the demand from mines. The key hindrance to computer gold recycling is the  dollar value. The process of retrieving and recycling these metals is a a complicated  business, and until  most recently cost about $200 per computer, whereas the value of the recycled metal amounts to about $30. Hence , the parts are usually shipped to countries  where the cost of extraction would be relatively less as compared to the developed world.

To recycle the gold on your computer, the computer must be completely dismantled  and taken  apart to access its recyclable materials. The motherboard is on part where the gold is found in reasonable quantities.
There is only a very small amount of gold in your computer. In fact, it takes  about 80 computers to yield a single gram of gold. For this reason, the process of computer gold recycling is cost-prohibitive for an individual.

The safe retrieval of gold and other valuable metals makes computer gold recycling a worthy pursuit from an environmental point of view. Gold mining is one of the most polluting activities in the world, and for this reason many environmentalists will not wear gold wedding bands or other gold ornaments.  Mercury used in gold extraction is one of the largest water pollutants.

Recovering gold from computers has, until recently, not been economically viable, but new technologies have changed this situation. The gold itself is plated to other metals making its extraction more complicated. While not all recyclers have the required technology, the number of people involved is getting larger . Recycled gold now constitutes 25 percent of world supply of this metal.

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Tags: computers, gold, precious metals, recycle
Posted in Gold Education | No Comments »

 
 
 
 
 
 
 
 
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