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02/01/2023 2:15 AM     Current Market Price:     Gold:  $1,923.78/ozt   Silver:  $23.56/ozt   Platinum:  $1,028.97/ozt   Palladium:  $1,691.93/ozt  

Friday, August 15, 2014

It's the middle of August, What's Up...or down with Gold?

 Another back and forth day in the metals market as another piece of temporarily disconcerting economic news rallied the market early but was offset later on in the day by some conciliatory remarks by Vladimir Putin which was interpreted to slightly diffuse the Ukrainian crisis and help to lift the equity markets.

Opening at $1313 in Asia, gold initially moved lower to $1311.50 but recovered nicely through their afternoon and the early European hours to $1316.50.  Poor economic reports out of the Euro Zone (GDP 0.0%) and month on month CPI (-0.7% - year over year 0.4%)) renewed calls for increased stimulus and put pressure on gold later in the session, pushing the metal down to $1309 prior to the New York open.

A higher than expected Jobless Claims number of 311K (cons. 295K) caught the market by surprise given the recent constructive readings of the last few months.  Gold quickly rose to the intra-day high of $1319 as the U.S. Dollar also took a hit on the news.  Retreating back to $1312 on comments by Putin that Russia would defend itself, but should not "fence itself off from the outside world", triggered quick profit taking in a thin summer market.  The metals settled in to an afternoon trading range, covering either side of a $1311.50 - $1314.50 more than once.  Gold finished quietly at $1312.80. www.kmggold.com

Posted by Michael Gupton at 12:00 AM 0 Comments

Wednesday, March 26, 2014

Cutest Coins Ever Made? Anne Geddes For the New Zealand Mint

Photographer Anne Geddes has been long known for her adorable pictures of babies who are often photographed dressed as fairies, fairytale creatures, flowers and little animals. Her images have been published in books and calendars in 83 counties, and Geddes has proven herself to be a savvy photographer, clothing designer and businesswoman. Born in Australia and now living in New Zealand, Geddes has created a limited edition collection of coins for the New Zealand Mint.

Each of the four coins depicts a baby in typical Anne Geddes style - very cute, curdled up and sleeping! Each coin comes has a face value of $2 and is made of 999 fine silver. The first two coins in the collection were issued in 2012 (the babies sleeping on and in flowers) with additional ones issued in 2013 (baby in a cocoon) and 2014 (Christmas themed).

Sadly KMG Gold doesn't have any of these awesome coins in stock, but we promise we sell a wide range of other (slightly less cute) coins and bullion!
KMG Gold Recycling Anne Geddes NZ Mint Coins
Posted by Mike Gupton at 12:30 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, 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, September 04, 2013

A Warm Welcome to KMG Gold Recycling's Newest Team Member, Gold-N-Memories of Steinbach, MB

KMG Gold New PartnershipIn an industry rife with unethical businesses, KMG Gold recognizes the importance of only working with businesses and individuals who have a commitment to the same high standards of ethics and integrity as we do. That's why we've implemented the Trusted Gold Buyer program, a designation that recognizes the same high standards as us.

The latest addition to the KMG Gold team is Gold-N-Memories from Steinbach, Manitoba. Gold-N-Memories joins a select group of business authorized to represent the KMG Gold Refinery in the purchase and recycling of unwanted gold and silver jewelry and other precious metals. Gold-N-Memories has made a commitment to the same high standards of ethics and integrity in their business dealings as have, which is why we've chosen to bring them into our network. They will now be able to display the KMG Gold Trusted Gold Buyer banner and decals in their place of business and will be able to incorporate the designation in their business cards, stationery and other marketing materials.

As a winner of multiple BBB Torch Awards that recognize the importance of integrity and ethics in the business place, KMG Gold has long been recognized as the trusted authority in North America for the recycling of precious metals. We strive to educate our customers to ensure they receive the highest payout possible and ensure that they aren't taken advantage of by some less than scrupulous individuals in the gold buying industry.

Posted by Mike Gupton at 3:25 PM 0 Comments

Wednesday, August 21, 2013

Have You Met Mike?

You may not have had the opportunity to meet KMG Gold's president and CEO Michael Gupton, but on Friday August 2, 2013, BNI Canada did. Professionally affiliated with BNI Canada for many years, Mike stopped by Winnipeg's own Winter Club to give a speech about his grassroots business and shared his recipe for such enormous success.KMG Gold President speaks at BNI Canada

BNI Canada is a professional marketing organization that specializes in word of mouth referrals, something that KMG Gold strongly identifies with. Mike attributes a large part of his business' success to the positive word of mouth referrals that happy customers have provided him with. These happy referrals played a large hand in KMG Gold being awarded three Better Business Bureau Torch Awards in two years in addition to being nominated for an additional two for this current year.

Always happy to address a crowd, Gupton delights in sharing insider tips about the gold buying industry and is always happy to lend his expertise regarding precious metal recycling.

So if you haven't met Mike yet, you should! Come drop by our Winnipeg location and we'd love to meet you.

Posted by Mike Gupton at 2:30 PM 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

Thursday, July 25, 2013

Paper Money? We Buy That Too!

 At KMG Gold we mostly buy and recycle precious metals; anything and everything that's silver, gold, platinum or palladium. But did you know that we also buy coins and paper money too? We have a lot of happy customers who are often surprised at how much we offer to purchase their old coins for and now we can add a couple customers who've sold us paper money!

We got the following paper bills a couple weeks ago and most of us were surprised to find an American $2 bill and a $1 Canadian bill in the mix. We always thought that $1 bills were only found in America and that $2 bills were a thing of Canada's not-so-distant past! Aside from being extremely interesting and very cool, we figured we'd do a little research on the subject and share what we came up with.

It turns out that Canada still used $1 bills up until printing ceased in 1991 and you can actually use $1 bills that you might discover in your attic since they're still considered legal tender! These notes are almost never seen in normal circulation (as us at KMG Gold can attest to!) and certain versions are sought after by collectors, depending on when they were issued and whether or not they were a part of a special collection. The version that we have pictured is a special issue of the bill since it was produced in 1967 to commemorate Canada's centennial, rendering it a highly sought-after collectible piece that depicts the young Queen Elizabeth I.

As for the $2 US bill, it's still in circulation, with the latest issue as recent as 2008. It depicts Thomas Jefferson on the front with a reproduction of the painting The Declaration of Independence by John Trumbull. Although these bills are fairly rare, with their production comprising a mere 1% of all printed US money, they aren't usually worth much more than their face value. They do have a few interesting myths that surround them (like that the bill brings bad luck to the holder which can only be dispelled by tearing off a small corner of the bill), so KMG Gold still thinks they're pretty cool!
Posted by Mike Gupton at 1:40 PM 0 Comments

Monday, July 15, 2013

KMG Gold Recycling Receives Two More BBB Nominations

As a previous winner of several Better Business Bureau (BBB) Torch Awards, KMG Gold Recycling is proud to announce that we've been nominated for two more of these highly-coveted awards for 2013. We've been nominated for the Marketplace Excellence award and the Environmentally Friendly award, both of which we've won in the past, and both of which we're crossing our fingers for this time around!

Since 2010, the BBB Torch Awards has operated as an annual program that recognizes businesses that build trust, advertise honestly, remain transparent in their business dealings, honour their promises and display integrity in all of their marketplace activities. Companies are nominated for the awards by peers and customers and the winners are selected by a panel of independent judges. KMG Gold is currently the only company in the precious metal recycling industry (and in Winnipeg!) to receive multiple BBB Torch Awards for Business Excellence.

According to Michael Gupton, President of KMG Environmental Inc., the parent company of KMG Gold, being recognized for the Environmentally Friendly Award this year is something very special. To be nominated for the Environmentally Friendly Award, a business must demonstrate leadership and innovation in minimizing the impact the business has on the environment. All of the precious metals refined by KMG Gold are recycled and placed back into the world's precious metal markets, helping 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 six million tons.
Posted by Mike Gupton at 3:35 PM 0 Comments

Friday, July 05, 2013

Looking Back: Attire to Inspire Fashion Show

One of our favourite charity events that we attended in the past few months was the Attire to Inspire Fashion Show. The sold-out February show raised money for the Society of Manitobans with Disabilities and for the Easter Seals Manitoba, helping 47,000 Manitoban children, youth and adults. All the proceeds raised stayed within the province to help sustain and support the programs and services provides by these two fantastic charities.

KMG Gold attends Attire to Inspire Fashion Show for Easter Seals ManitobaSince KMG Gold Recycling was founded in 2007, working with charities has been an important element of our business that president and founder Michael Gupton supports. At KMG Gold, we're proud to be able to lend our support to the SMD Foundation and Easter Seals Manitoba in helping them achieve their mission of building a community that supports independence, participation and empowerment of persons of all abilities in Manitoba. As much as we love being recognized as Winnipeg's most-trustworthy gold buyer, we also strive to be recognized as vibrant community leaders who give back to charities through donations and other means. This latest expansion of community support is another part of our ongoing commitment to give back to our local communities in which we operate.

To learn more about KMG Gold's role in community advocacy, please visit us at www.kmggold.com. Like us on Facebook and follow us on Twitter for updates, news and promotions at KMG Gold. For more information about the Society of Manitobans with Disabilities and Easter Seals Manioba, visit http://www.smd.mb.ca/.
Posted by Mike Gupton at 10:05 AM 0 Comments

Tuesday, July 02, 2013

It's Ladies' Night in Elma, Manitoba!

KMG Gold loves ladies' Night in ManitobaIs there anything better than having a glass of wine and catching up on some gossip with your girlfriends on ladies' night? If you live in Elma, there is. Ladies at the local community centre invited Michael Gupton, the president and founder of KMG Gold Recycling, to their last event, asking him to evaluate and purchase their unwanted jewellery, coins and silverware. These ladies were looking to have a fun night out together and also make a little spending money!

Gupton said he was surprised by the invitation but was flattered, saying, "I think we've found ourselves a new market niche." Used to receiving gold and other precious metals in the mail and seeing lots of different people coming through the doors of his popular store on Academy Road in Winnipeg, 
KMG Gold attends ladies' night in Elma Manitoba with great results Gupton is happy to have found another way to purchase gold that is even more convenient for the customer. Since customer satisfaction is one of the key mandates in KMG Gold's commitment to service excellence, being invited to evaluate and purchase precious metals in a new environment is right up Gupton's alley.

If you are interested in hosting a gold party of your own, we'd be happy to give you some more information about how we can help you do so. Give us a call toll-free at 1-877-468-2220 or reach out to us on Facebook or Twitter and we'll be happy to help!
Posted by Mike Gupton at 10:51 AM 0 Comments

Monday, June 24, 2013

The Latest in Metal Analysis Technology Hits KMG Gold

KMG Gold Latest Innovative TechnologyKMG Gold is ready to improve the speed and efficiency of metal analysis even more with the newest addition to their location at 620 Academy Road. The Fischerscope X-Ray XAN 123 Spectrometer was recently purchased by the company and is one of two machines in all of Winnipeg. This innovative machine is optimized for fast, non-destructive analysis of jewellery, precious metals, gold, platinum, silver, rhodium coins and all jewellery alloys and coatings - everything KMG Gold sees on a daily basis.

This new machine allows for extreme precision and very low detection limits, detecting elements of precious metals in mere seconds. Fast and accurate, with better than 1% precision for gold, this machine displays its results in karats or KMG Gold Latest Innovative Technologyweight
 percentages and results can easily be printed out as custom reports. Our customers will benefit from this high-tech equipment and get a faster and more accurate analysis of materials they bring to us, resulting in an even higher payout.

KMG Gold president Michael Gupton says of the machine, "With only two of these machines in Winnipeg, KMG Gold is committed to providing our customers with the absolute best that the industry has to offer." This statement certainly rings true as the acquisition of this machine marks another part of KMG Gold's ongoing commitment to using the latest developments in science and technology to improve their level of service to the customer and as a tool in their ongoing efforts to help create a more educated consumer.

 
Posted by Mike Gupton at 11:51 AM 0 Comments