Recovery and refining of scrap gold

Discussion in 'Shop Talk' started by Blu3duk, Aug 23, 2007.

  1. Blu3duk

    Blu3duk Well-Known Member

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    An online acquaintance has made a 3 minute plus video on you tube set to music promoting the gold refining forum.... [ame]http://www.youtube.com/watch?v=mKWuQ5kncmM[/ame] I believe refining and recovery is a hobby that is both fun and can be profitable on a very small scale operation.... and is safe as any other hobby as long as common sense is used, plus it is actually keeping the scrap out of the landfills and that in itself is worth doing [no blueduck has not went hippee on you gals and fellas in the shop even if he smells like it at times]

    Anyhow for anyone who wants to think about it the Gold Refining Forum is free, and open to everyone, however to help keep the spam bots away you have to register to read the forum.....

    William
    Central Idaho
     
  2. copperkid3

    copperkid3 Well-Known Member

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    Hey William:
    Thanks for the link to the Gold Refining Forum which sounds interesting, however much as I'd like to register and find out more, it simply refuses to recognize me and continues in a loop......asking me to restate and confirm my password. Apparently at one time when I signed up for HT and had a different server, it "remembered" it and then later when the 'puter crashed and we had to reboot everything and had a different server added too.......it says I'm not the same person or something. So unless you've got some other ideas, I'll just look on from afar.......and dream of gold. (grin)
     

  3. fordson major

    fordson major construction and Garden b Supporter

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    i had a a similar experience with that site, kept asking me to answer a question"Are you interested in gold related stuff?" and would not accept any answer i could think of.
     
  4. bill not in oh

    bill not in oh Well-Known Member

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    Hey William - Why don't you move this thread to HQ or possibly GC - I'd be interested to see how many folks are doing it....
     
  5. Blu3duk

    Blu3duk Well-Known Member

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    Well cause it is kind of a shop related topic, although I now cal my shop a "laboratory" giving loose term to the mad scientist i might become!

    As for the folks having troubles with getting in the front door of that forum, PM me with your user names,and emails [so they can contact you] and I will give them to the admin over there and you should get fixed up and let in They recently moved the forum [ok over a month ago] and I still cant post an avatar directly on the forum, I have to post one off site to upload it and I just dont like to did things like that, and the admin went on vacation for awhile the first of the month, but he is back now and working on a few of the problems as they crop up.....

    Over all the site is awesome and the information is FREE that others are charging for, and not giving the best of information for the pricetag..... With the economy heading the way I see it [and others too] I personally believe that precious metals are going to be a lucrative business for the small holder who has the time and start up capital to buy [or find] the scrap and recover it and refine it for resale...... and you can sel it to a larger refiner too, a couple good ones exist that buy small quantities of scrap precious metals for 90% of spot metal price.... meaning you have to factor in your time and materials and shipping costs plus your potential profit margin you want to be able to come out with the right buying price [generally around 60% of 30 spot average for most of the buyers on the forum]

    Hopefully a few of this crowd will pick up the hobby and have some golden fun.

    William
     
  6. Danaus29

    Danaus29 Well-Known Member Supporter

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    Will it work for silver too? Dh has a pile of electrical components with silver on copper. Copper scrap prices are low because of the contamination and silver prices are too good to let it go as is.
     
  7. Blu3duk

    Blu3duk Well-Known Member

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    getting silver off of copper is rather easy and on the forum there are a couple fellas who have different methods they have used for the process..... on starting recovering and refining in 1970 and retired a few years ago, and wants other folks to get into the hobby and make it a part or full time business and is willing to share the information to anyone who is willing to learn by reading what is written already and asking questions where they crop up.... [others learn from questions too] most of the advice will boil down to purchasing a book written in 1940 by C M Hoke called Refining Precious Metal Wastes which will set a person back about $70-90 depending on where they purchase it from.... of course a person then has to understand the safety of 1940 and the practices of today are somewhat different but the tools and formulas have not changed, merely the prices.

    You will see the theme presented on the gold refining forum many times over as the book itself was written for people in the jewelry and dental trades who are not chemists. The lady who wrote the book had at the time been corresponding to such people for over 15 years and had the belief that many people would benefit from the book... that coupled with the fact that many refiners dont want people to know how simple certain recovery techniques are
    which keeps the profit in the hands of the big refiners who do not really hve much for competition.... which is changing.

    Biggest thing to tell people is not to fall for the ebay hype of high values on scrap gold, and to find and purchase scrap when you can see it and hold it and weigh it out.... and test it. Next thing is although the acids used can be harmful, as long as safety precautions are used and proper disposal methods are followed both the person and the environment will not be harmed..... once you get onto the forum read the various helpful pages on such issues.....

    Other advice is to get a couple spiral notebooks and take notes and have the notebooks at the ready as you recover and refine like folks already do in the shop while working a project] and download the different books that are in the General chat under "Chemistry Books" particularly on page 3 called "GOLD REFINING FORUM HANBOOK VOL 1.pdf" posted by Aflacglobal, it is condensed from the forum pages and he is working on second volume, this one is about 125 pages of the forum that have recipes and pictures and the questions already asked and answered [including a couple questions of mine].....

    anyhow, I am not trying to take away from HT, but merely to give people the information for free what others ar charging for on places like ebay [tm] and it fits into the shop work or laboratory as it were.

    William
    Central Idaho
     
  8. Blu3duk

    Blu3duk Well-Known Member

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    Ok you folks who are having login problems on the Gold refining forum site above.....

    So there you have it, if that is the problems you were having, then you should be able to log in over there and when you do I recommend you check the stay logged in permanently and go visit every few days to stay logged in... of course there is a lot of reading to be done and many helpful folks so once you do get in say hello and go from there! and keep others posted of your progress towards recycling gold over here too!!!!

    William