What is the most powerful tool for finding gold, platinum, silver and other precious metals?

When you think about that question, chances are you think about using a metal detector. And yes, a metal detector can be a great device to use when you are looking for precious metals in outdoor areas like the beach or open fields. There are other good tools too, like camera-equipped drones.

The idea is simplicity itself. You take a pile of stuff that contains precious metals and reduce it to ash by burning it, then process the ash with a strong chemical that removes everything but the metal. Wow, you just turned a pile of worthless-looking stuff into a small quantity of bright precious metal.

A man who was emptying out a storage building owned by a company that installed security alarms found a storage cabinet stocked with 200 unused key pads. He got excited and got them tested, only to find out that each of them contained less than a dime’s worth of gold. But then there was the guy who emptied out a factory where production lines were designed and installed; he found unused thermocouples that turned out to be worth more than $1,000.

If you are a regular reader of our blog, you know that we like to offer advice on where to find platinum, silver and gold scrap in old factories. So we thought it would be interesting and informative to profile one such building - the old Tiffany manufacturing facility in Newark, New Jersey, that has now been converted to residential apartments. It is located at 90 Tiffany Boulevard - where else could it be?

We would like to tell you a story that illustrates the fact that you could make a lot of money, simply by recycling quantities of gold, silver and platinum that could be hiding in plain sight in companies that manufacture or repair jewelry, dental appliances, silverware, or other common products.