How to Make Money Recycling Platinum Wire
Platinum comes in many forms. There are nice bars of platinum bullion that sell at high prices. (After all, platinum is trading for $883.00 on the London Fix . . . why shouldn’t bullion bars be selling for a lot of money?) Platinum can also be found in catalytic converters, in some aircraft components, and in used laboratory testing equipment.
Yes, recyclable platinum can be found in all those places. But for our post today, we would like to explore one kind of platinum scrap that is paying smart investors a good return every day . . .
Platinum Wire
Why is platinum wire such a good investment? Let’s explore some of the reasons why.
Despite its high value, platinum wire is not too difficult to find if you know where to look
You can find small rolls of it in jewelry factories where it was used to fabricate platinum jewelry. You can also find it in jewelry stores that do repair work. It is one of the more costly raw materials that are used by these businesses. But because its value can be overlooked when those businesses are closing their doors, you can sometimes buy it for a fraction of what it is worth.
Platinum wire scrap can look like other, less costly supplies
If you are looking at leftover scrap supplies in a jewelry store or jewelry factory, for example, a small roll of platinum wire could be hiding among similar-looking supplies like rolls of silver solder. Yes, platinum wire looks similar. But if you compare the trading prices of platinum and silver (currently trading for only about $17.00 per Troy Ounce), you can understand why platinum wire is one kind of scrap you should be on the lookout for.
Demand is high and liquidity is not a problem
Platinum is not only precious. It is rare too. That means that you can sell your platinum wire quickly – as soon as Specialty Metals Smelters and Refiners processes it for you.
Platinum wire is made of pure platinum!
That means its value is easy to recoup. There is no need to subject platinum wire to complicated processes to separate the platinum it contains from other metals. In fact, a qualified precious metal refinery like Specialty Metals Smelters and Refiners can test your platinum wire and quickly pay you for it at current trading prices. That’s simpler and more straightforward than processing platinum-bearing items like catalytic converters and aerospace scrap that contain a number of different metals.
Start Looking . . . Start Making Money in Platinum Wire Scrap!
It’s the metal investment strategy that could be right for you today. To learn more, call our precious metal consultants at 800-426-2344.