In the world of gaming, old consoles and controllers quickly become obsolete. The result is that the old gaming equipment you have lying around can be a good source of gold you can recycle. The trick is knowing where to look. 

What are the best places to look for precious metals you can recycle for the highest return?

In answer to that question, most precious metal investors think first of gold and gold-plated jewelry, of scrap from industries that use gold and platinum in the products they make, and of hard-to-collect aerospace scrap.

If you take a look at your computer and work area, you will notice a major trend that has changed just about everything about the way you work, store data, use software, store videos and pictures, and more . . .

Most of what you do is now taking place on the cloud, not on your computer and local storage devices

It seems that everything about cars is changing today, usually moving to apps. You want a ride somewhere, you fire up an app. You want to buy a car? Ditto. And if you want to scrap a car or donate it to a charity, you can manage all the details online and before you know it, a tow truck shows up and hauls your car away.

Have you ever seen a video of sharks that are feeding? It’s not nice to watch, because sharks get into a “feeding frenzy.” They’re not asking other sharks whether what they are eating is tasty or a healthy choice. They’re just going wild, trying to satisfy their instinctual desire to eat.

Although people who invest in precious metals are a lot smarter than sharks, they sometimes engage in similar behavior. When they get the idea that they can make a lot of money by making a certain investment, they get into a kind of frenzy and can make investments that are unwise.

We don’t know exactly how much gold and silver are contained in a Tickle Me Elmo, but we are certain some can be found in the little guy’s printed circuit board. What about a Cabbage Patch Doll? We don’t think so.

But the fact is, all the electronic items that you and your family members got at the holidays in years past do contain silver and gold – as well as small quantities of copper and other non-precious metals. You could let those old gifts gather in your house and clutter up your closet. Or you could gather them up and send them to Specialty Metals Smelters and Refiners to be recycled.

“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.

Have you been so focused on recycling gold, silver and platinum scrap that you have let the value of other metals and materials slip through your fingers?

It can happen. Investors who focus on extracting gold from electronic devices are one common example. They’ll extract the gold and then toss the rest of the devices, neglecting a variety of materials that are worth something.

What are these extra materials, and what are they worth? In today’s post, we are going to find out.

A man in Connecticut – we’ll call him Pete in this post because he asked us not to use his real name – has a story that might be familiar to you. Why? Because many people end up in situations like his.

Pete has a welding and metal fabricating business that handles all kinds of work. Last year, a university asked him to make a special chair that was needed for a medical research project. Often, people ask him to do small welding projects, like reattaching a trailer hitch that was coming loose from the back of a truck. Pete also does brazing and spot welding repairs on a lot of lawn mowers. Recently, a restaurant asked him if he could help design and fabricate an unusual service counter out of stainless steel – “something like you wouldn’t see anywhere else in the world,” Pete says. Pete employs two very skilled employees, but he shares the work with them.

Scrapped electronic devices of all kinds contain gold, silver, and other non-precious recyclable metals like copper and aluminum. And there is no doubt about it, you can make money by starting a business that collects those scrapped metals and sells them at a profit.

If the idea of having an electronics recycling business of your own appeals to you – and it should – here are the basics of how your new business will function.

Before you hop in your car and go looking for precious metals at home sales, in open fields, at antique stores and the other common places visited by people who hunt for gold and precious metals, why not ask this simple question? Are precious metals hiding right under your nose, right there in your home? The simple fact is, they could be. Here are some places that should be on your radar… 

Will your gold, silver, platinum and other precious metals increase in value in the coming months and years? Will the demand for recyclable precious metals increase in 2017? There is no way to predict with absolute certainty. But here are some trends to watch.

In case you think that scrapped computers and other old electronic devices are hard to find and send to us to be recycled, we’d like to direct your attention to statistics that were recently reported in “Electronic Waste by Numbers: Recycling & the World,” an article that was posted on March 12, 2016 on ewaste.com. Every year, vast quantities of electronic waste are tossed away. Here are some eye-opening statistics…

It seems likely that prices are trending up, and could continue to do so for months, or even for several years. If that is the case, what are your best gold investment strategies? If you believe that gold prices will continue to rise, here are two to consider…

Why look at online auction sites? Simply because they offer you the fastest way to examine hundreds and hundreds of different items that are for sale. You don’t have to travel to antique malls, estate sales, or live auctions. Just fire up your computer and start looking. 

We’ve published posts in the past about why recycling gold is socially responsible. Recycled gold doesn’t have to be mined, and mining pollutes air and water and burns fossil fuels. And then there’s the fact that recycled gold is not dug from the earth by underpaid, exploited workers. Of course, it is possible that the gold that we recycle from computer motherboards, old jewelry and other sources does have a “dirty” past – because gold doesn’t have DNA, it is impossible to know whether it originally came from a mine in Africa or from ancient amulets that were stolen from the Aztecs. But even if that is the case, the gold that we recycle today is generations removed from any dirty sources and less closely linked to environmental or societal ills. 

Today, lots of older flat screen TVs are appearing in dumpsters at the dump too. That shouldn’t come as a surprise, since flat screens have been the televisions of choice for more than a decade now. They’re already breaking down and wearing out. Plus, consumers are tossing old flat screens that still work pretty well so they can upgrade to smart TVs, bigger TVs, higher-definition TVs, and lots of other new products.

More and more towns and cities across America are holding recycling day events to collect old electronic devices. Electronic recycling days provide a needed service to individuals, who often do not know how or where to responsibly recycle old electrical devices. Whether you are a company that already has stockpiles of electronics to recycle or a company that wants to do something good for your community, you should consider getting involved. By doing good, you could also have an opportunity to earn income.

If you’re looking to buy a business that could have untapped quantities of precious metals, which businesses should you be looking at? That question is well worth asking, because when people dispose of businesses they often do not take the time to diligently assess the value of the assets that they are selling. Sometimes they are selling because they are in financial distress. Sometimes they have lost interest and simply want to dispose of a business. Sometimes they are selling businesses that belonged to relatives who became too infirm or old to run them. Sometimes owners have passed away and lawyers want to sell businesses quickly to settle estates.