Platinum Scrap Wisdom  . . . 

Investing Lessons from the Most Valuable Pieces of Platinum Jewelry in History

With platinum currently trading for $940.00 on the London Fix, it is a metal you should definitely not overlook as you make your plans as a precious metal investor. 

But where can you find platinum scrap that we can recycle for you? Let’s review four of the best kinds of platinum scrap you should be focusing on. 

“The EPA estimates that, in 2009, US consumers and businesses discarded televisions, computers, cell phones and hard copy peripherals (including printers, scanners, faxes) totaling 2.37 million tons. Approximately 25 percent of these electronics were collected for recycling, with the remainder disposed of primarily in landfills, where the precious metals cannot be recovered.”

- Source: “Cleaning Up Electronic Waste,” The United States Environmental Protection Agency.

This past week, the United Nations’ Intergovernmental Panel on Climate Change (IPCC) issued a report entitled, “Climate change widespread, rapid and intensifying.”

If there are people who still believe that global warming is really not happening, we would urge them to spend a little time reading this report. It has a blunt message, which is that we need to act immediately and decisively if we wish to protect our planet, our future, and our children from further catastrophic effects of climate change.

With platinum trading at nearly $1,200, it stands to reason that you can make money by buying platinum items and platinum scrap and sending it to us to be recycled.

You can also profit handsomely by buying up and recycling platinum jewelry. But what kinds of platinum jewelry should you be on the lookout for, and how much platinum do they contain? Let’s explore further.

Everybody likes to invest in platinum. Even small quantities of it are valuable, which means you can store a lot of money’s worth of it in just a small space. It’s not that difficult to find, as we will discuss in our post today. It’s liquid, meaning that when you decide to sell what you have, you can do so fast.

And as an investment, platinum has the traditional virtues that all precious metals do. Even though trading prices can rise and fall, precious metal values have been shown to be more stable in the long term than the investments you make in stocks.

With platinum currently trading at $940, it’s worth knowing all you can about this bright and beautiful precious metal. That’s why we’re covering the basics for you in today’s post.

Findings are small, pre-manufactured metal items that are used in jewelry production. Chances are pretty good that as you read this post, some of them are right there in the room with you. If you bought a nice silver chain to give your niece for a present, for example, open the box and take a look at it. You’ll see that there is a small ring attached to one end, and some kind of clasp to the other. Those add-on pieces are findings. 

Many platinum investors are frozen in place today. Although they own scrapped catalytic converters, old lab testing vessels and other items that contain platinum, they are waiting until platinum prices increase before cashing in. Meanwhile, smart platinum investors are cashing in. Like other contrarian investors, they are moving ahead instead of staying fixated on just one factor as a sign of when to sell. Here are three compelling reasons why this is a great time to recycle platinum today instead of waiting...