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02/01/2023 4:00 AM     Current Market Price:     Gold:  $1,924.89/ozt   Silver:  $23.47/ozt   Platinum:  $1,021.94/ozt   Palladium:  $1,686.71/ozt  

Wednesday, April 02, 2014

Gold Bullion from Around the World

Just like the silver bullion that makes its way into KMG Gold, gold bullion is another popular item for us. Since we buy and sell gold bullion in all shapes and sizes, we have a lot of interested customers who purchase the gold bullion as a form of investment. As we mentioned in our last post about silver bullion, many investors prefer to purchase bullion in precious metal form because it protects against inflation and deflation.

Gold bullion coins and bars can be sold in many different ounces and come from various mints or mines from around the world. Gold coins vary anywhere in purity from .900 to .9999 and different mints have changed the gold content of the gold coins throughout the years. They are sold for more than their face value because of their high gold content so their face value is merely symbolic on the coins.

Here are some of the world's most popular gold bullion coins:
  • USA - Gold Eagle. Released by the United States Mint in 1986. The Mint also produces the American Buffalo and Double Eagle gold bullion coins.
  • Canada - Gold Maple Leaf. Released by the Royal Canadian Mint in 1979.
  • Australia - Gold Nugget. Released by the Perth Mint in 1986. One of the few countries which changes the coin's design every year. The Perth Mint also produces the Lunar Series I (1996-2007) and II (2008-2019) coins.
  • China - Gold Panda. Released by the People's Republic of China in 1982. One of the few countries which changes the coin's design every year.
  • United Kingdom - Gold Britannia and Sovereign. Released by the Royal Mint in 1887 and has been released off and on again through the present.
  • Mexico - Gold Libertad. Released by the Mexican Mint in 1981.
  • Austria - Gold Philharmoniker. Released by the Austrian Mint in 1989.
  • Russia - George the Victorious. Released by the Saint Petersburg Mint in 2006.

KMG Gold Gold Bullion Coins

KMG Gold often has a few of these different types of gold bullion coins (along with some bars) in stock at any given time, so just give us a call and we'll let you know what we have available for purchase!
Posted by Mike Gupton at 12:00 PM 0 Comments

Wednesday, March 19, 2014

What to Expect When You Visit KMG Gold

As you've probably heard by now, at KMG Gold we're known for our awesome customer service. We've been recognized by the BBB as an accredited business and we've even won five BBB Torch Awards for our outstanding customer service and business practices.

But if it's your first time selling your unwanted jewellery or other types of precious metals, you might not know what to expect or feel intimidated by the process. The good news is that we make it our goal to make our customers feel very comfortable and explainKMG Gold xray machine everything we do, step by step. Whether you've recycled with us a hundred times before or if it's your first time ever, we'll walk you through the entire process from the moment you step in the door.

And if you don't want to take our word for it, check out our Facebook reviews and see for yourself! The big theme we're noticing throughout the reviews is how happy our customers are that we explain everything to them, no matter how minor it seems. One of the foundations that we built this business on was customer education and it's still an important part of our mandate.

When you walk through our door, we'll ask if you've ever been here before and then invite you to place what you've brought in on a tray. Then we'll run a magnet over the metals to see if they're magnetic. Gold and silver aren't magnetic so if the magnet picks up the jewellery, it means it's just costume jewellery, which we don't purchase. After this, we'll use a jeweller's loupe to see if the metal has any markings on it, like 10K or 18K or 999. If it's silver, we'll make a notch in the metal and use acid to test if it is genuine. This does hurt the piece of metal or jewellery, but we always get your permission to make sure that it's okay before we do it!

If the item is gold or something other than silver, we might run it through our x-ray machine to get a quick and accurate analysis of the exact metal contents of the item. Putting the item in the x-ray machine doesn't do any damage to it, but we'll be sure to remind you of it just in case you're worried!

So don't be shy, come down to 620 Academy Road and we'll give you a complimentary assessment of whatever you've brought in to us. And if this is really interesting to you, you can even buy your own metal testing supplies at do what we do from inside your home!

Pictured: The KMG Gold xray machine.

Posted by Mike Gupton at 12:00 PM 0 Comments

Wednesday, February 19, 2014

KMG Gold Sponsors 2nd Annual Attire to Inspire Fashion Show

KMG Gold attends Easter Seals Manitoba Fashion ShowFor the second year in a row, and since its inception, KMG Gold was a proud sponsor of the SMD Foundation and KMG Gold attends Easter Seals Manitoba Fashion ShowEaster Seals Manitoba's second annual Attire to Inspire Fashion Show. This exciting fundraiser raised money for children, youth and adults with disabilities in Manitoba.

We love giving back to a good cause and this year was even better than last year because we were able to make it out to the event this time! Project Specialist Tasha DiLoreto (that's me!) and Office Manager Jodi Micelli both attended and we got to see a runway of beautiful clothing and local celebrities, not to mention the delicious food and wine that we were served.

KMG Gold was named the Inspire Sponsor of the show which was held in a new venue this year because it had expanded so much since last year. It took place at the Qualico Family Centre in the Assiniboine Park and 144 people attended the sold out show. The fashion show featured local clothing from several small boutiques in Winnipeg and all of the celebrities in attendance were also local Winnipeg persoKMG Gold attends Easter Seals Manitoba Fashion Shownalities, like Blue Bombers teammates, local news anchors and local politicians.KMG Gold attends Easter Seals Manitoba Fashion Show

We were so happy to be able to support such a fantastic cause and we can't wait to see the show again next year. Our guess is that it will expand again since it was such a fun evening, which is always appreciated in the cold Winnipeg winter!

In the meantime, we'll continue to support Easter Seals Manitoba in a new way: the Drop Zone Challenge! Come read about our quest to watch our boss Michael Gupton rappel down the side of one of Winnipeg's tallest buildings and help us reach our goal of raising $1,500.

Posted by Mike Gupton at 12:30 PM 0 Comments

Wednesday, February 12, 2014

Bitcoin 101

KMG Gold accepts bitcoinPerhaps you've heard of Bitcoin before, the digital currency that popped up in 2009 and which seems to be in the headlines every so often. There are numerous different opinions floating around about Bitcoin, a lot of them uninformed. Since KMG Gold has very recently begun accepting Bitcoin as a form of payment, we thought it would be a great idea to give our customers a quick overview of all things Bitcoin.

Here's the lowdown: Bitcoin is a digital currency that people can transfer between one another by using cryptography to control its creation and the transfer of funds. Bitcoin aren't regulated by any country or any person, the way they even come into existence is through a process called mining where people verify and record payments with one another. Bitcoin are stored in digital wallets which are essentially different software programs that you would use on your computer or smartphone. Bitcoin can be transferred instantly and if you're using your smartphone, it would use a QR code to do so.

KMG Gold accepts bitcoinBitcoin can be bought and sold and traded across anywhere in the world and is somewhat anonymous in the sense that only the Bitcoin address is viewable and not the owner's name. Bitcoin can be stolen and it is impossible to get them back, which is why Bitcoin often generates a lot of flack. However, this can be prevented by working with trustworthy individuals and companies, which is why KMG Gold is eager to adopt this additional form of currency.

Like we mentioned earlier, KMG Gold is now accepting Bitcoin as a form of payment at our 620 Academy Road location in Winnipeg, and is one of the first merchants in town to do so. This means you can use Bitcoin to buy gold, silver, platinum and palladium bullion, gold testing supplies, coins, numismatics and handcrafted jewellery. In the near future, KMG Gold will also be a trusted seller of Bitcoin, offering customers a safe and easy way to purchase Bitcoin.

If you're interested in learning even more about Bitcoin, visit CoinFest Winnipeg 2014 this Saturday February 15. KMG Gold is one of its proud sponsors. It's running from 1pm-5pm at the Santa Lucia Pizza lounge at 4 St. Mary's Rd and will share information about Bitcoin to individuals and local merchants looking to learn more about the digital currency. There will be guest speakers, a Q&A session and door prizes at this event so be sure to come on out if you want to learn more!

Have more questions? Check out this video below that is very informative.








Posted by Mike Gupton at 12:00 PM 0 Comments

Wednesday, February 05, 2014

Gold Gossip: The Cariboo Gold Rush

KMG Gold Gold Gossip Cariboo Gold RushYou've probably heard of the California Gold Rush and the Klondike Gold Rush, but do you know about the Cariboo Gold Rush? In our latest edition of KMG Gold's Gold Gossip blog series we'll tell you all about this exciting time in history.

Although not as major as the California and Klondike Gold Rushes, the Cariboo Gold Rush occurred in what's now the Canadian provinKMG Gold Cariboo Gold Rush Barkervillece of British Columbia and began as early as 1852. In 1858, the Hudson's Bay Company shipped over 800 ounces of gold to the Federal Mint in San Francisco which ignited gold fever. The California gold rush had happened only a few years earlier so the Cariboo sounded like it was the next hot spot for finding gold.

The summer of 1858 saw over 30,000 prospectors sail to Victoria where they first needed to obtain a valid mining license which would allow them to prospect for gold. Gold seekers took to the Fraser River, looking for gold in the sand bars and a lot of people returned to California when they didn't find much. But for those who stuck with it, they worked their way up the Fraser River and reached the Cariboo in 1862, getting lucky.

Initially the gold seekers were American, but as the American Civil War raged on, most went back home, and the prospectors were largely Canadian. It was a Canadian named Billy Barker who found gold first in the Cariboo on Williams Creek. This led to the creation of Barkerville which boomed into a town of 10,000 people all on the hunt for gold. And by 1865, the gold rush was in full swing!

We can thank the gold rush for...
  • Many new towns sprung up who were run by men and women who would become pioneers in the new agriculture and business communities.
  • The city of Victoria hugely expanded and developed.
  • Wagon Road was created by Royal Engineers and stretched 400 miles from Yale into Barkerville.
  • Wagon Road made it possible for the soon-to-be Canadians to access and hold authority over the Cariboo goldfields to ensure the wealth didn't pass through into the United States.

Posted by Mike Gupton at 11:30 AM 0 Comments

Wednesday, January 29, 2014

KMG Gold Attends Manitoba Dental Convention Trade Show

KMG Gold Dentist Convention Dental GoldAt KMG Gold we love trade shows because they're a fun way for us to get to know our customers and potential future customers. It's always nice to get the opportunity to introduce people to KMG Gold and the services we provide that they might not have known about before. We also like getting to know our community and other local business owners in such a friendly setting.

This past Friday and Saturday KMG Gold attended the Manitoba Dental Convention at the Winnipeg Convention Centre. We set up our booth at the trade show on Thursday night and bright and early on Friday and Saturday morning we got to meet all the dentists, hygienists, assistants and KMG Gold pens for trade showstudents who stopped by our booth.

We got to hand out some of our new swag (pens, magnets and bags, woohoo!) and chatted with the dental professionals about how KMG Gold can help them recycle their dental gold. We found that there are a lot of people who don't know exactly what KMG Gold can do for their dental practice and many were surprised by how much money they could get for their unwanted dental gold.

The next trade shows that we'll be at are the Ultimate Women's Show on April 12 and 13 and then the BBB Home Repair and Renovation Show on April 25-27.

We can't wait to see you there!

Posted by Mike Gupton at 2:15 PM 0 Comments

Wednesday, January 15, 2014

How does KMG Gold offer such high payout rates?

KMG Gold Gold Buyers Melts GoldHave you ever wondered how KMG Gold is able to offer its customers such high payouts compared to the competitors? One reason for this is thanks to our electric induction gold melter. This state-of-the-art melting furnace truly exemplifies our award-winning customer-first philosophy since it eliminates the need for customers to sell their precious metals through a middleman. We can actually melt our customers' gold at our Academy Road location!

Most customers don't know that all recycled gold eventually ends up at a refinery for processing, so it actually can cost quite a bit when you go through middlemen to recycle your precious metals. Middlemen can include pawn shops, coin dealers, traveling road shows, gold parties, kiosks and cheque cashing outlets. All of these middlemen eventually sell the customer's gold and other precious metals to a refinery where the gold is then melted. This is why they aren't able to offer their customers as much money as a business who does their own melting.

We purchased this awesome melter to ensure that in this competitive market, our customers will be best served to ensure they're completely happy with the services that we provide them with. It is this attention to detail and determination that continues to earn us our leadership position in the precious metal recycling industry and so many Better Business Bureau Torch Awards.

If you know of a way we can improve our service to you, please leave your thoughts in a comment below! Don't forget to like us on Facebook and follow us on Twitter!

Posted by Mike Gupton at 2:30 PM 0 Comments

Wednesday, January 08, 2014

Gold Gossip: Fort Knox

KMG Gold Talks Fort KnoxFort Knox. You've definitely heard about it before but how much about it do you really know? Here's the KMG Gold rundown of one of the world's famous gold depositories that continues to drum up hype and excitement every few years.

For starters, Fort Knox is located adjacent to Fort Knox, Kentucky and is officially called the United States Bullion Depository. It was built in 1936 by the US Treasury Department on military land and cost less than $1 million to construct, about $10 million in today's dollars. The reason why Fort Knox was built so quickly was because of President Franklin D. Roosevelt's Executive Order 6102 in 1933, an order which forced American citizens to sell all their gold to the government. Between 1933 and 1937, the federal reserve of gold grew from $4 billion to $12 billion! With a huge growth in the amount of government-owned gold, a secure building was needed to store it.

Below the fortress-like structure of Fort Knox lies the gold vault, a room encased in 17,000 square feet of granite and protected by a blast-proof door that weighs 22 tons. It is also made of 4,500 square years of concrete, 775 tons of reinforcing steel and 700 tons of structural steel. In addition these high levels of physical security, Fort Knox is equipped with alarms, video cameras, minefields, barbed razor write, electric fences, closed circuit cameras and heavily armed guards and army units. To access the vault, staff members must dial individual combinations that are known only to them and no visitors are ever allowed in.

The first shipments of gold to Fort Knox began in 1937 and included everything from gold bullion to new gold bars made from old gold coins. The shipments were gradually made and were sent by 500 rail cars and by mail which were protected by the US Postal Inspection Service and US Treasury Department Agents. KMG Gold Gold Buyer Gold Bars

Throughout history, other precious items have been housed in Fort Knox for safekeeping. The Articles of Confederation, Lincoln's Gettysburg address, three volumes of the Gutenberg Bible and Lincoln's second inaugural address have all seen the inside of Fort Knox. During World War II, Fort Knox held the US Declaration of Independence, the US Constitution and reserves of European countries and key documents from Western History. The crown of St. Stephen and some of the Hungarian crown jewels were also held there.

It's estimated that Fort Knox holds nearly 3% of the world's mined gold, 147.3 million ounces. The price of a troy ounce of gold in 1934 was about $20 and in 1980 it was between $350-$450. Its current price is more than $1,200.

But gold hasn't been transferred in or out of Fort Knox in many years. The only time gold will leave the vault is to be tested for purity during annually scheduled audits. And some people believe that Fort Knox is actually empty! If Fort Knox is empty, what's in it and where is the real gold reserve? This would raise a lot of very interesting questions and we at KMG Gold would love to know more about it.

If you like conspiracy theories, Fort Knox is one topic that will definitely keep you busy for awhile!

Posted by Mike Gupton at 1:00 PM 0 Comments

Wednesday, December 18, 2013

'Tis the Season for Giving

With the holidays almost here, we at KMG Gold wanted to share the ways we're planning on giving back to the community this holiday season. One of our company mandates is giving back to the communities we operate in and we strongly believe in the importance of this.

KMG Gold supports a lot of community ventures throughout the year (including raising money for the Movember campaign for men's health, supporting a local soccer team, donating to the Goodwill Industries, Easter Seals Manitoba and the Society for Manitobans with Disabilities) but hasn't really done anything special during the holiday season. We thought it would be a great idea to expand our charity giving for the holiday season so we teamed up with the Christmas Cheer Board to help families in need.

The Christmas Cheer Board is a Winnipeg organization that depends solely on volunteers and the charity of others to help families in need through donations of food and money for their "Feed-A-Family" Christmas drive. This is the first year that KMG Gold is participating in the Christmas drive and we've pledged to sponsor a large family by purchasing groceries and Christmas gifts for the family. The food-filled hamper will be delivered to the family on December 20th by KMG Gold President Michael Gupton (possibly in a Santa hat, but no promises!).

We plan on further increasing our charitable donations as 2014 rolls in, so stay tuned on more information about that and how you can help, if you're interested in doing so. But for now we wanted to leave you with a few ways that you can help local families in need this holiday season. Click on any of the links below for more information about how to donate and where the nearest drop-off location to you is.

  • Christmas Cheer Board: Accepts money, groceries and unused toys (you can also donate toys to the Tower of Toys at the Forks Market)
  • Winnipeg Harvest: Winnipeg's largest food bank is especially looking for baby food and formula this season
  • Siloam Mission: Winnipeg's largest homeless shelter was recently damaged by a broken sprinkler head so they're looking for donations of basic supplies
  • Agape Table: A community nutrition centre that is looking for donations of warm winter clothing
  • Salvation Army: You can donate money to one of their iconic kettles or contribute to their annual Toy Mountain campaign
Happy holidays!

Posted by Mike Gupton at 2:30 PM 0 Comments

Wednesday, December 11, 2013

KMG Gold wins BBB Environment Friendly Torch Award for 2013!

KMG Gold Recycling wins BBB Torch AwardWe're happy to be adding another beautiful Torch Award trophy to our collection this year. Our second win for 2013, KMG Gold has been awarded the Environment Friendly award from the Better Business Bureau. This is our fifth consecutive award from the BBB and we couldn't have done it without the nominations we received from our loyal and satisfied customers like you!

You might already know that the BBB Torch Awards is an annual program that recognizes businesses that build trust, advertise honestly, remain transparent in their business dealings, honor their promises and display integrity in all of their marketplace KMG Gold Recycling MIchael Guptonactivities. Companies are nominated by peers and customers and the winners are then selected by a panel of independent judges.

We're proud to announce that KMG Gold is currently the only company in the precious metal recycling industry to receive multiple BBB Torch Awards for Business Excellence and the only company to win the Environment Friendly award for 2013.

To be nominated for the Environment Friendly Award, a business must demonstrate leadership and innovation in minimizing the impact the business has on the environment. In our case, the environmental impact is much broader than just our business. All of the precious metals refined by KMG Gold are recycled and placed back into the world's precious metal markets. This helps reduce the demand for newly mined metals, which in turn, helps reduce both the amount of energy required to mine virgin metal, as well as decrease the amount of acid rock drainage generated by mine waste rock dumps and tailings ponds. By recycling their precious metals, KMG Gold customers have helped reduce the amount of acid waste rock generated by virgin mining of gold alone by more than three million tons.

Posted by Mike Gupton at 11:29 AM 0 Comments

Wednesday, December 04, 2013

Mike's Movember Wrap Up

KMG Gold's MIchael Gupton supports MovemberAs November came to a close, so did this year's Movember campaign. If you've been following our blog posts or seeing our recent Facebook updates, you'll recall that KMG Gold President and CEO Michael Gupton participated for the first time this year. Motivated by a KMG Gold Mike Gupton's moustache, last daydesire to help raise money for men's health, he decided to do a twist on the typical moustache and grow his into a handlebar!

We think he did pretty well, and so did his moustache! Mike raised over $185 to support Movember which came from donations from his family, friends and even a few KMG Gold customers. He said he had a lot of fun doing it so we're looking forward to round two in November 2014!

Although Movember is officially over, you can still donate to support the cause. You can donate via Mike's Movember page or through the Movember homepage. Donating to such a great cause is fashionable any time of year, whether or not a cool moustache is involved!

Posted by Mike Gupton at 2:07 PM 0 Comments

Wednesday, November 27, 2013

The 1954 Devil's Face Banknote Series

KMG Gold sells Devil's face Canada banknoteAs many of you may already know, KMG Gold does more than just recycle your precious metals; we also purchase old coins and banknotes. One of KMG Gold's most recent acquisitions is a 1954 Canada Ten Dollar Devil's Face banknote, a very popular item among collectors.

The banknote features Queen Elizabeth II and what some people say appears to be the devil's face in her hair (on the right side of her head). As soon as these banknotes began circulating in 1954 (in denominations of $1, $2, $5, $10, $20, $50, $100, $1000), someone immediately noticed the apparent demonic face in the Queen's hair and the banknotes became an instant controversy.

As you might suspect, accusations flew and many people were accused of pulling a prank. The first suspect was the designer of the bills, George Gunderson. KMG Gold Recycling buy gold sell gold jewelleryIn 1952, the Bank of Canada commissioned Gunderson, of the British American Bank Note Company, to design the issue of banknotes for 1954. However, Gunderson claimed he was merely working from a photograph taken by the Her Majesty's official photographer, Peter-Dirk Uys.

Fingers were also pointed at pranksters who worked at the Bank of Canada as well as at French-Canadian nationalists and IRA supporters. But the lack of proof caused the scandal to fade and Gunderson fixed the banknotes by simply darkening the Queen's hair and removing the shKMG Gold Queen Elizabethading that looked like a face.

New bills were printed and put into circulation while the so-called devil's face banknotes were pulled from banks and stamped with CANCELLED on the front and back, along with the stamp of the institution that cancelled it on the back.

The bill that KMG Gold acquired was the $10 banknote. Only 7,200 of these bills were printed and one in perfect condition can actually fetch you up to $4,000! The bill that we have, and that we're selling, has been circulated and certainly isn't in perfect condition. Regardless, this bill is quite the addition for a numismatic collection and we're selling ours for the (relatively!) low price of only $19.95.

If you want to come in to our Academy Road location to take a look at this neat piece of history, we'd be happy to show you! And if you're interested in purchasing it, you can give us a call at 1-800-468-2220 to have it set aside for you or simply order it online here.

Posted by Mike Gupton at 9:30 AM 0 Comments

Wednesday, November 20, 2013

It's Beginning to Look A Lot Like Christmas...

...around the KMG Gold office in Winnipeg! Thankfully the weather hasn't quite turned Winnipeg into a winter wonderland just yet but that hasn't stopped us from getting into the Christmas spirit around here. KMG Gold Recycling Christmas stockings

Our newest gold buyer Lindy loves to decorate the office for all the major holidays and Christmas isn't any different. You may have seen her flare for decorating if you stopped by the office in October and saw what she did for Halloween. She got out the KMG Christmas tree (prelit, thank goodness!) and trimmed it with shimmering ornaments, bows and candy canes. And if you stop by, we promise we'll let you choose a candy cane from the tree!

With winter coming we also wanted to share our newest promotions with you. If you've visited the store lately, you might have noticed the green sheet of paper attached to your receipt inviting you to like us on Facebook and write us a review about how your experience was. Everyone who shares their experience with us on the KMG Facebook page will be entered in a draw to win a $100 VISA giftcard!

The other promotion that we have going on is our monthly draw. For November we've partnered up with Just Breathe Aesthetics and we're inviting you to enter our in-store draw to win a $25 giftcard from the spa/salon. Take our word for it, it's a very relaxing place to get pampered and we strongly recommend their manicures and polish selection! KMG Gold's newest partner November

Stay tuned for more exciting holiday news as we get into December and don't forget to check our Facebook page for the latest updates and promotions around KMG Gold!


Posted by Mike Gupton at 9:30 AM 0 Comments

Wednesday, October 30, 2013

The Results Are In...We Won!

After receiving dozens of kind nominations from our happy customers and being named a finalist by the Manitoba and Northern Ontario chapter of the Better Business Bureau, we're happy to announce that on October 21, 2013 we were named the winner of the 2013 Torch Award for Marketplace Excellence.

We won the award for a midsize business and were recognized for our display of honesty, integrity and transparency in all out marketplace activities. It is because of our strong customer service that we were able to win this prestigious award and we never could have done it without support from YOU, our happy customers.

President and CEO Michael Gupton started KMG Gold from inside his home (in his dining room, in case you were curious!) in 2007 and when the business outgrew the space, he moved to a Winnipeg storefront in 2009. Since 2009 and since the inception of the Manitoba and Northern Ontario BBB in that same year, we have worked hard to win four consecutive Torch Awards each year since then!

One of the reasons why KMG Gold has been repeatedly recognized is thanks to our mandate of strong customer service and education. When a customer walks into KMG Gold, our goal is to make them feel at home and comfortable with the precious metal recycling business. We want to educate our customers on the processes involved in purchasing their precious metals so that they can make informed decisions when they decide to sell their gold, silver, coins, etc. We believe this is very important since this industry often attracts its fair share of unsavory characters who are willing to do anything to get a sale.

If you nominated us for an award - thank you! And if you didn't, come by and see what sets KMG Gold apart from the competition!
Posted by Mike Gupton at 10:00 AM 0 Comments

Wednesday, October 09, 2013

We've been nominated as a finalist for the 2013 BBB Torch Awards!

Thanks to nominations from dozens of satisfied customers, KMG Gold is happy to announce that we've been named a finalist for 2013's Better Business Bureau Torch Awards. We're so excited to be recognized for the strong customer service, honesty and integrity that we display in all of our business transactions.

If you live in the Winnipeg area, you might have already seen this exciting news that was posted in the BBB mailer that went out last week. KMG Gold has been named a finalist in the Marketplace Excellence category, an award that we won in 2011 and were named runner-up for in 2012. We're crossing our fingers that we'll be the winner this year and we'll find out on the night of the awards ceremony on October 24.

If you've ever wondered how the Torch Awards work and how businesses can win one, read on!

It starts with the nomination forms. A happy customer will fill out a nomination form that has a few boxes on it along with a few lines asking them to describe how a business went above and beyond the norm. All it takes is one form to be nominated, but KMG Gold was lucky to receive dozens from happy customers, all of which were sent to the BBB. Along with these nomination forms, a company also has to formally apply for the award, writing a few pages detailing what makes their business worthy of such a prestigious award, how they serve customers along the BBB's mandate of trust and integrity, how the company makes a difference in the community as well as in the lives of their employees.

It's a well-rounded report that takes everything from customer service to employee culture into consideration. You can be certain that every business who has been named a finalist is dedicated to providing the best customer service experience possible, which is why it's such an honour to have come this far for the third year in a row.

Posted by Mike Gupton at 11:00 AM 0 Comments

Wednesday, August 28, 2013

KMG Gold Recycling's New Lineup of Refinery Products

As part of a planned expansion of products and services that are intended to better serve our existing and future customer base, KMG Gold will begin distributing a leading line of refinery products from RDO Induction LLC, a leading supplier of induction furnace melting equipment for ferrous, non-ferrous and precious metal alloys. In addition to furnaces and melters, the company also supplies accessories such as crucibles, ingot molds, safety and handling equipment and much more. These products are now available for purchase on our customer-friendly and easy-to-use ecommerce site.

This latest expansion of the KMG Gold product line and service is a reflection of our desire to better serve you - our customer! - by providing a one-stop shop for tools, equipment and knowledgeable industry advice. All the tools that are produced by RDO and sold by KMG are perfect for anyone looking to start their own gold recycling program from their very own home at an affordable price point.

Have you used RDO products in the past? What did you think? Share your experience with us in the comments!
Posted by Mike Gupton at 10:30 AM 0 Comments

Wednesday, August 14, 2013

It's Finally Here! Shop Online with KMG Gold!

KMG Gold shop online ecommerce siteThe wait is over! KMG Gold Recycling is proud to announce the official launch of our new ecommerce site that gives customers a high-quality online shopping experience. Our first class ecommerce site offers our customers a shopping experience that is truly one-of-a-kind.

Our new site is ideal for those looking to set up their own gold buying businesses, offering everything to complete the process from start to finish; including gold testing products, crucibles, ingot molds and more. Truly offering something for every customer, our site also features hundreds of collectible coins for purchase. We're excited to sell numismatics, Royal Canadian Mint products as well as other coins and paper money from around the world. New items are added daily and feature a wide range of products that are perfect for beginners starting their coin collections and for seasoned coin veterans looking for that specific, rare coin.

Easy to navigate and laid out in a user-friendly manner, KMG Gold is certain that this site will be a game-changer in terms of how people shop in the gold buying industry. We look forward to attracting new customers from across North America and are certain that our high-quality products and positive shipping experience will further increase our already expanding customer base.
Posted by Mike Gupton at 12:30 PM 0 Comments

Wednesday, August 07, 2013

Coming Soon! KMG Gold Recycling's E-Commerce Site

KMG Gold is excited to announce the upcoming launch of our new ecommerce site which will offer products and services to better serve our existing, and future, customer base. We've teamed up with RDO Induction LLC (a leading supplier of induction furnace melting equipment for ferrous, non-ferrous and precious metal alloys) so that we can distribute their leading line of refinery products to our valued customers across North America.

KMG Gold is now officially a Canadian distributor for RDO Induction LLC and we'll be offering several different types of accessories like crucibles, ingot molds, safety and handling equipment and much more, that are crucial to the precious metals industry. We're so excited to offer our loyal customers these new products and services, and we hope they'll be as excited as we are. With the launch of our ecommerce site, we hope to better serve our customers by giving them a one-stop shop for tools, equipment and knowledgeable industry advice. We also know that by increasing our services offered, it helps solidify our position as Canada's leading precious metal recycler. KMG digger logo

For more updates and information about the launch of our ecommerce site, be sure to like us on Facebook and follow us on Twitter. And of course, keep reading our blog to stay tuned for exciting updates and other industry news!

Posted by Mike Gupton at 1:13 PM 0 Comments

Tuesday, July 26, 2011

Gold and Silver

Gold and silver are some of the oldest rare metals known to man and have been used for varying purposes throughout history. Today, Gold and Silver are used widely in industry amongst other applications.

Gold Uses

Gold is increasingly finding usage in industry due to its range of favorable properties. Gold has been used in dentistry, jewelry as well as in the manufacture of industrial applications. The use of Gold has been necessitated by favorable properties such as:

•Its resistance to corrosion
•Efficient electrical conductivity.
•Gold has suitable Thermal Conductivity
•Infrared reflectivity
•High Ductile and Malleable

Today, Gold is used in a variety of industrial applications such as manufacture of electronics components, equipment such as computers, mobile phones and home appliances. These applications have been made possible by Gold’s superior electrical conductivity, high malleability and resistance to wear and corrosion.

With a high infrared reflectivity, Gold has found suitable usage in the manufacture of shielding used to protect spacecrafts and satellites from the effects of solar radiation. In addition, industrial and medical lasers also make use of a Gold coated reflector that focuses light energy. In medical research, Gold is extensively being used as it portends no harm to the body. Gold has traditionally been used in the treatment and management of arthritis amounts others intractable diseases.
There has been a steady growth in industrial demand for Gold. Currently, most of the world’s gold supply goes into the Jewellery industry.

Silver Uses

Silver has been used historically for various purposes, ranging from medicine, coinage to industry. Silver has the best electrical conductivity properties of all metals and does not corrode. Silver has widely been used in the production of coins and silverware. However, recent years have witnessed a fall in global silver supply, as demand from industry continues to grow. 

Silver use in industry has also been made possible by the metal’s favorable properties. Today, the US leads in overall global silver consumption. The photography industry also takes a considerable amount of the overall silver supply globally. Silver is used in the manufacture if color film used in shutter cameras.

However, the advent of the digital camera has somewhat affected the uptake of silver in the photography industry. Silver demand is also driven by the electronics industry. Electronics manufacturers prefer silver due to its high electrical conductivity per unit volume. However, its high price and unavailability has seen silver replaced by Copper.

Silver is also used in the manufacture of switch and relay contacts for vehicles and automotive window heating systems. Today, a very small amount of silver is used in coinage. Major silver miners in the world include Peru, the US, Canada, Spain, Australia and Mexico.

Posted by Caitlyn Diamond at 9:49 AM 0 Comments