Here at Specialty Metals, we are big fans of precious metals. Why? Because we have had the privilege of helping customers realize remarkable profits by reclaiming gold, silver, and platinum from precious metal scrap of all kinds.

Yes, we are enthusiastic about investing in precious metals. But our enthusiasm stops short when we hear from clients who have gotten carried away and bought precious metal items and scrap that they shouldn’t have.

Here are some categories of precious metal items that are unwise investments because they promise very little, if any, return on the dollars invested.

Your husband gives you a new tablet for Chanukah. Or you get a new gaming console for Junior as a Christmas gift.

There’s no doubt about it. The holidays are the time of year when older electronic devices get replaced by new ones – often dozens of them at a time. And you have a choice. You could stick all your old devices in your dresser drawer, or you could gather them up and send them to Specialty Metals Smelters and refiners and have us recover the gold, platinum and silver they contain. Before you dismiss this suggestion because you have only five or six items, let us ask you a question . . .

In the past, we have written about all the places where gold can be found in cars. Just for a quick review, it can be found in onboard computers and other electronic devices that have been used to monitor and control . . .

If you’re clearing out an electronics store or supplier, you have good opportunities to find precious metals – most often gold – in many kinds of electronic devices.

It’s no secret that vast numbers of computers are being discarded. According to some estimates, one million pounds of old computers are tossed out every year.

What are the best places to find huge quantities of precious metals?

How to Avoid Myths and Mistakes

Many answers are flying around to that question. Unfortunately, many of those answers are just plain wrong. In today’s post, let’s take a closer look.

Where to Find Precious Metals in Your Local Junkyard

Where can you find platinum scrap, gold, and other precious metals in your local automotive scrapyard? Here’s a guide.