KMG Environmental Inc., Metal Recycling, Winnipeg, MB
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Thursday, September 01, 2011

Shipping Insurance for Precious Metals in Canada

Shipping insurance is vital when looking to ship scrap gold, silver, palladium or platinum to the refinery. Refineries pay the most money for items of scrap precious metal such as old earrings, thermocouple wire, wafers, coins, bracelets, rings, silver electrical contacts and silver from photography labs etc.

Several companies offer shipping insurance for precious metals in Canada and the US. For high returns from gold, silver, platinum or palladium, finding genuine shipping insurance is crucial.

Genuine Shipping Insurance

Not all companies that offer shipping insurance in Canada provide coverage for items of precious metal. On the contrary, some shipping firms offer insurance that is not claimable for items of precious metals. For instance, you can buy shipping insurance from companies such as UPS, FedEx, Purolator, Canada Post, the US Postal service amongst others.

However, the shipping insurance offered by these firms is not claimable for items of precious metals, gems, jewellery, gold bars, silver bars, coins, wafers etc. But there are Canadian companies that offer genuine shipping insurance claimable for items of precious metals.

Only KMG Gold Recycling offers real, claimable shipping insurance for your gold at one half the costs of the other carriers insurance.

Why chose KMG Gold Recycling?

KMG Gold Recycling pays out an average five times more money than its industry competition. When it comes to jewellery, KMG Gold Recycling is America's trusted authority, providing a tradition of excellence, high quality and unparalleled service.

Last year, KMG Gold Recycling won the 2010 Better Business Bureau Torch Award for Marketplace Excellence demonstrating ethics and integrity in the marketplace.

BBB Torch Award winners build trust, advertise honestly, tell the truth, remain transparent, honor their promises, and display integrity in all of their marketplace activities.

KMG Gold offers a secure and safe way to sell your unwanted jewellery for the most money in the industry. With the current high price of gold, there's never been a better time to sell. KMG Gold Recycling's expertise and experience ensures your peace of mind. The company offers a competitive payout, quick turnaround and fast payment.

KMG Gold Recycling is North America's newest and most dedicated full service refinery and gold buyer. The company has the most comprehensive recycling services of any refinery and gold buyer. Payments and services are efficient as the company offers excellent communication and customer support. Every single transaction is fully transparent and open.

There are custom settlement options tailored to suit all of your needs, whether you're an individual selling small lots of gold or the large refining lot customers. Currently, KMG has the highest gold buyer pay out rates in North America! All of KMG Gold’s prices for cash lots and refining lots change every day with the market price of precious metals.

Posted by Caitlyn Diamond at 9:25 AM 0 Comments

Wednesday, August 31, 2011

Gold Can't Be Held Down For Long

Gold Can't Be Held Down For Long

This has been a summer of more downs than ups in the investment markets but it could finally be coming to an end. We always maintained the opinion that a strong fall is upon us and we are still sticking to that prediction.

Instead of the normal, boring summer doldrums where many small-cap stocks lose 5-10% of their value due to a lack of liquidity, we had a very real, harsh summer correction across all major exchanges. $8 trillion was erased from the global equity markets in August. Even gold, the bright spot of the summer, reminded us this week that every dog has its day. The correction in gold was healthy and necessary for its continued run.

We watched gold's pullback this week as positive, only adding to our belief that gold is far from a bubble. Now, before you write us off as just another group of maniac gold-bugs, keep reading.

If you take the time to really analyze global asset allocation in 2011 compared to what it was a few decades ago, you’ll find that the gold sector is underinvested in and that less than 1% of global assets are situated in gold. How can anyone say that gold is a bubble about to burst given that statistic alone?
To add even more depth on this topic, I found one of the best explanations of why gold is not in a bubble. If you are invested in gold bullion, producing gold companies, or juniors with proven or soon to be proven gold resources - this is a must read!

The below excerpt is taken from the article, "Debunking the Gold Bubble Myth," and was authored by Eric Sprott and Andrew Morris in March of 2011.

"In their Gold Yearbook 2010, CPM Group noted that in 1968, gold held by individuals for investment purposes represented approximately 5% of global financial assets. By 1980 that amount had fallen to roughly 3%. By 1990 it had dropped significantly to 0.6%, and by the year 2000 represented a mere 0.2% of global assets. By the end of 2009, nine years into the gold bull market that began in 2000, they estimate that gold had increased to represent a mere 0.6% of global financial assets - hardly much of an increase. Gold ownership didn't change much last year either, as we estimate that this percentage increased to 0.7% of global financial assets in 2010. So despite gold reaching record nominal highs, the world holds about the same portion of its wealth in gold as it did over two decades ago. While this probably says more about the proliferation of financial assets over the past decade than it does about gold investment, it is surprising to note how trivial gold ownership is when compared to the size of global financial assets.

The increase in gold ownership from 0.2% in 2000 to 0.7% in 2010 is also misleading. If you consider the approximate $227 billion that was invested in gold bullion in 2000, that level of investment would have grown to $1.18 trillion, or 0.6% of financial assets, by the end of 2010 - based purely on gold appreciation alone.

In other words, the actual amount of new investment into gold since 2000 represents only 0.1% of current global financial assets, or about $250 billion. Although this number may seem large, consider that roughly $98 trillion of new capital flowed into global financial assets over the same period, so gold's approximate 0.3% share of global investment flows is essentially trivial.

The 0.7% ownership data point also has interesting implications for global gold ownership going forward. Consider that to return to a meaningful level of gold investment, say to the 5% level of 1968, it would require over $9 trillion of gold investment today, or about 6.5 billion ounces of gold at the current gold price. This would represent well over 1.3 times the amount of gold ever produced throughout history and four times the amount of known gold reserves. So not only is the public relatively underinvested in gold, but at current prices it isn't even possible to increase our gold holdings back to a meaningful level."
Posted by Mike Gupton at 9:52 AM 0 Comments

Wednesday, August 31, 2011

Gold Prices Stall as Stocks Bounce

Gold Prices Stall as Stocks Bounce

Gold prices were cautious Wednesday as hopes for further government intervention to boost the economy pushed investors into stocks and fears of a double-dip recession faded.

Gold for December delivery was adding 80 cents at $1,830.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,839.80 and as low as $1,822.30 while the spot gold price was down $7.90, according to Kitco's gold index.
Posted by Mike Gupton at 9:51 AM 0 Comments

Wednesday, August 31, 2011

Gold dips, but supported by Fed outlook

Gold dips, but supported by Fed outlook

Gold fell on Wednesday after a near 3% rally the day before sparked by Federal Reserve comments on possible measures to boost U.S. growth, and the bullion price is still set for its biggest monthly gain in nearly two years.

Minutes from the Fed’s policy meeting on Aug. 9 released Tuesday showed the central bank discussed a range of unusual tools it could use to help the economy and more quantitative easing remains an option.

The Fed has thus far given no explicit signal that it will embark on a third round of purchases of government bonds to keep market interest rates low — a measure known as quantitative easing — meaning markets are increasingly jittery and prone to wild swings in response to measures such as economic data.

Spot gold was last down 0.6% on the day at US$1,825.19 an ounce at 1145 GMT, having risen by over 2.6% the day before to a high of US$1,839.40.

So far in August, the price has risen by 12.2 percent, the largest monthly rise since a 12.8% gain in November 2009, compared with a 6.1% loss in the S&P 500.
Posted by Mike Gupton at 9:48 AM 0 Comments

Monday, August 29, 2011

Investments: Why Buy Gold?

Investments: Why Buy Gold?

It impacts on the population’s budget significantly as most Georgian citizen's deposits are kept either in USD or EUR accounts in Georgia.

The Euro and U.S dollar rates have been continuously varying since 2010. Therefore, the people with Georgian accounts are in a precarious situation. They cannot confidently decide which currency is reliable, which currency is beneficial for saving money and which currency will not reduce its value.

In such a situation economic experts' advice is to invest in shares of gold. “The price of gold is increasing in relation to the dollar, the Euro and Gel. Therefore, investing in gold is the only way to ensure the safety of your money and to potentially increase it,” said Paata Sheshelidze, the economic expert. “Gold is a natural metal and its availability is limited and the production of certain currencies depends on political decisions. Therefore, gold is much more stable and reliable than the US dollar, Euro or Gel,” he added.
Posted by Mike Gupton at 9:20 AM 0 Comments

Monday, August 29, 2011

Australia’s gold production jumps 10% on record prices

Australia’s gold production jumps 10% on record prices

PERTH (miningweekly.com) ? Australia’s gold production increased 10% year-on-year in the 2011 financial year, as new operations came into production and old mines were reopened on the back of soaring bullion prices, Surbiton Associates director Dr Sandra Close reported.

In its latest quarterly production figures, Surbiton sated that Australian gold production for the three months to June had increased by 5% to 68 t, or 2.1-million ounces, compared with the 65 t produced in the previous quarter.
Gold output for the full year totalled 270 t, an increase of 24 t on the previous financial year.

“There’s a lot of activity in the gold sector, with several operations slated to come on stream in the next 12 months and several others still in the feasibility study stage,” said Close.
She noted that some of the gold deposits that were previously mined in the earlier years of the current gold boom, which has now been in progress for 30 years, have become attractive targets.

“The recent spike in the gold price has certainly drawn attention to the industry but it is the sustained, longer-term, upward trend in the gold price that has prompted companies to re-evaluate older deposits and also explore for new ones.”
Posted by Mike Gupton at 9:19 AM 0 Comments

Monday, August 29, 2011

Jewellers offer monthly plans as sales fall on high gold prices

Jewellers offer monthly plans as sales fall on high gold prices

MUMBAI: Keen to prop up faltering sales, India's leading jewellery retailers are offering schemes that encourage customers to invest their savings in gold through regular small purchases and get protection from price volatility. Gold has risen $400/ounce between July and August and more than 30% over last year, depressing jewellery demand.

Gold demand typically shoots up in September, with the onset of the festive season, and peaks in spring during the wedding season. However, this year urban consumers are preferring coins and bars for investment over jewellery. In rural India, where almost three quarters of the bullion is sold, demand is likely to remain depressed as net returns from farming drop and cost of living rises.

Three-year-old chain Reliance Jewels, a subsidiary of Mukesh Ambani-owned Reliance Retail, plans to launch a scheme in October that will allow a consumer to invest any amount daily for a year and then buy gold at the rate prevailing on maturity. A consumer can also opt to buy fractional quantities of gold everyday for a year under the scheme and can get jewellery equivalent to grammage accumulated over time upon the scheme's maturity. His purchase thus becomes independent of gold price fluctuations.
Posted by Mike Gupton at 9:17 AM 0 Comments

Saturday, August 27, 2011

Investing In Precious Metals

Investments in precious metals have historically been used as hedge against uncertain economic situations. People have taken to investing in Gold and Silver as a way to store value during inflation. When physical currencies are losing their value in uncertain times, investors rush to gold to store the value of their money in Gold’s intrinsic value.

Precious metal investing was more pronounced when national currencies were still pegged against gold. Today though, national currency values are not tied to gold as such. On the contrary, national currencies are nowadays more backed by a nation’s gross domestic product.

Suffice to say, there are other numerous reasons for which people invest in precious metals. Estimates indicate that over the last few years, the demand for silver, gold, palladium and platinum has increased considerably. Demand has almost outstripped supply.

In addition, the market price of the precious metals has been maintained at a nominal rate due to the disposal of gold reserves by national central banks. Increased investments in precious metals have also been witnessed from rich investors from the developing world, such as China.

These investors from developing states are keen on storing away their personal wealth. Analysts portend that the current demand for precious metal may not wither. It may take a recession to slow down demand for gold and other precious metals.

Investors have always considered precious metals as reliable depositories of absolute value—as opposed to the relative value of paper currency.

How to Invest in Precious Metals

Most people think of investing in precious metals as buying bullion, namely bars and wafers, coins etc. Whereas most investors prefer to invest in bullion, there are other diverse options available. Precious metal investments can be undertaken through vehicles such as jewellery, mutual funds, coins, bullion, futures, options or mining stocks.

The one merit with investing in precious metals lies in the liquidity of the investment. Precious metal investment options have great liquidity and can be bought and sold at will, anytime. Note however, than unlike silver and gold, palladium and platinum are less liquid. But regardless, they all can be bought and sold at anytime.

Portfolio Diversification

Most investors allot a percentage of their investment portfolios to precious metal investments. But like other investments, silver and gold fluctuate in prices depending on a varied number of factors. Gold and silver prices can change drastically! Generally though, investors rush to precious metal investments when the economic situation seems untenable.

Whenever investors lose confidence in other assets and values dive, precious metals become a preferred investment alternative. The one major driver of gold and silver investment is speculation. However, supply and demand, as well determine the price of gold and silver.

Posted by Caitlyn Diamond at 9:43 AM 0 Comments

Wednesday, August 24, 2011

Shipping Insurance for Precious Metals in Canada

Shipping insurance is vital when looking to ship scrap gold, silver, palladium or platinum to the refinery. Refineries pay the most money for items of scrap precious metal such as old earrings, thermocouple wire, wafers, coins, bracelets, rings, silver electrical contacts and silver from photography labs etc.
Several companies offer shipping insurance for precious metals in Canada and the US. For high returns from gold, silver, platinum or palladium, finding genuine shipping insurance is crucial.

Genuine Shipping Insurance

Not all companies that offer shipping insurance in Canada provide coverage for items of precious metal. On the contrary, some shipping firms offer insurance that is not claimable for items of precious metals. For instance, you can buy shipping insurance from companies such asUPS, FedEx, Purolator, Canada Post, the US Postal service amongst others.

However, the shipping insurance offered by these firms is not claimable for items of precious metals, gems, jewellery, gold bars, silver bars, coins, wafers etc. But there are Canadian companies that offer genuine shipping insurance claimable for items of precious metals.

Only KMG Gold Recycling offers real, claimable shipping insurance for your gold at one half the costs of the other carriers insurance.

Why chose KMG Gold Recycling?

KMG Gold Recycling pays out an average five times more money than its industry competition. When it comes to jewellery, KMG Gold Recycling is America's trusted authority, providing a tradition of excellence, high quality and unparalleled service.
Last year, KMG Gold Recycling won the 2010 Better Business Bureau Torch Award for Marketplace Excellence demonstrating ethics and integrity in the marketplace.

BBB Torch Award winners build trust, advertise honestly, tell the truth, remain transparent, honor their promises, and display integrity in all of their marketplace activities.

KMG Gold offers a secure and safe way to sell your unwanted jewellery for the most money in the industry. With the current high price of gold, there's never been a better time to sell. KMG Gold Recycling's expertise and experience ensures your peace of mind. The company offers a competitive payout, quick turnaround and fast payment.

KMG Gold Recycling is North America's newest and most dedicated full service refinery and gold buyer. The company has the most comprehensive recycling services of any refinery and gold buyer. Payments and services are efficient as the company offers excellent communication and customer support. Every single transaction is fully transparent and open.

There are custom settlement options tailored to suit all of your needs, whether you're an individual selling small lots of gold or the large refining lot customers. Currently, KMG has the highest gold buyer pay out rates in North America! All of KMG Gold’s prices for cash lots and refining lots change every day with the market price of precious metals.

Posted by Caitlyn Diamond at 9:32 AM 0 Comments

Saturday, February 05, 2011

Ways to Make Money by Selling Scrap Metals Online to Metal Buyers

Selling unwanted jewellery and other objects made from precious metals has become a great way of making quick money. Online traders cut cost and trading is made easy.

KMG is willing to buy scrap gold, silver, platinum, broken jewellery and used silver for cash.. Recycling precious metals, such as cash for, gold, silver, platinum palladium and iridium are bountiful, as precious metals are in demand.

Where to Sell Unwanted Jewellery
The added advantage of selling precious metals to KMG is that the high street pawnbroker cannot compete since the middleman is cut out. This saves the customer money. Furthermore, the online trader can match or exceed any offer the high street pawnbroker or jeweller is willing to pay.

It doesn’t matter if the jewellery is broken or if the ornament has lost its lustre. Metal traders are interested only in the purity of the metal. Precious metals can be found in the most unexpected objects. Examples may be:
• Jewellery such as chains, bracelets, charms and rings
• Watches
• Coins
• Cufflinks, pins and broaches
• Dental crowns
• Cups, tankards and trophies
• Pens
• Cigarette lighters
• Cigarette cases
• Electronic products
• Picture frames
• Mustard pots
• Teapots
• Pens
• Candlesticks
• Cigarette lighters
• Salt and pepper pots
• Golf tees
• Letter openers
• Wire
• Precious metal foil
Watch out for fake or costume jewellery, which will yield no value.

Things to Consider Before Proceeding to Take Cash for Precious Metals
• Obtaining a second opinion from a pawnshop or other specialist on the object's value, prior to dispatching the items means the customer can make informed decisions and understand that they are recieving the best payout when recycling KMG. 
• Check out the reputation of the precious metal trader before dispatching the items. Reading customers’ forums is a good indicator of a particular firm’s reputation.
• Items will be valued on the quality of the object, not its ornamental value. If the object is an antique, getting it valued by an auctioneer or antique specialist is the better option
• The precious metal will be valued on its trading price on a particular day, and prices will fluctuate.

For more information on how to get the most for your precious metals visit:
kmggold.ca
kmggold.com
Posted by Mike Gupton at 12:00 AM 0 Comments