Study: My Understanding of Gold

Essentials Questions when Choosing Accredited Gold Refiners.

Gold is precious whether you find it refined or unrefined. In the event that you have been gifted or bought unrefined gold, you can find someone to do the refining for you. You should not be letting someone you cannot trust handle the process. You might be having a lot of names when it comes to gold refiners but you have to look beyond the obvious in knowing the best person to work with. Prior to paying for the services or agreeing to work with a particular person, you ought to make sure you have talked about time it will take to get the finished product. You should be expecting a time that is between days and weeks. If the purity levels are high then the refining time should not be long. Also, be careful about people who promise to do the work in a day because there is a high possibility that they are taking shortcuts. If you are ignorant of what is going on around you then you might be overcharged. Ask about every charge that goes into the bill before you agree to the process. You need to get the charges in writing before you submit your gold for refining. Do not fall to the flat fee deals because most of the time they will not hold.

You should get an explanation on whether it is the material you take for refining that will be worked on and submitted back to you. Rarely will you get back exactly what you took to the refinery. It will not be economical to process your package only especially if it negligible but rather it is combined with others and processed. Nevertheless, do not confuse this to mean the product you submitted will be decreased or increased when you are getting the refined product. There is no question of whether or not you will get a pure product but you should not expect it to be strictly from what you delivered.

There is always a variation in the gold value when the ore is located at different places. This means you ought to inquire about the methods used in determining the value. Fire assay is the accepted method in determining the value of gold worldwide. Even though the refiner will do his or her best to give you the best assay results, you also need the valuation to be done by a third party so that you can compare the results. It does not mean you do not trust the refiner and if he or she is a good business person he should understand the reason for this. In case of assay results which do not match, you ought to know how such a conflict is resolved.