KMG Gold Recycling sees almost 300% growth in 2011 and has outgrown their old digs. KMG moves to larger retail outlet and processing facility in Winnipeg.

KMG’s new facility will allow the company to offer a broader range of products and services and to increase staffing, all intended to better serve KMG Gold’s rapidly expanding retail, commercial and professional client base.

KMG Gold Recycling buys, recycles, and refines all precious metals including gold, silver, platinum and palladium. KMG started as an internet gold buyer in 2007 on http://www.kmggold.com, and opened their first retail location in Winnipeg in 2010 and has now moved to a larger facility.

KMG Gold is the only precious metal recycler to win BBB Torch Awards for Ethics, Integrity and Marketplace Excellence, two years in a row.

This is the second expansion KMG Gold has undertaken in the last twelve months and reflects the explosive growth the company has seen since entering the precious metals marketplace in 2007.

Michael Gupton, Co-Founder and President of KMG Environmental Inc., the parent company of KMG Gold, attributes their phenomenal business success to many of the same factors that have resulted in the company winning multiple BBB Torch Awards. “Exceptional customer service combined with consumer education has helped KMG grow quite rapidly,” says Gupton.

BBB Torch Awards recognize businesses that build trust, advertise honestly, tell the truth, remain transparent in their business dealings, honour their promises and display integrity in all of their marketplace activities.

As a secondary precious metal refinery, KMG Gold is able to pay the highest prices to individuals and companies wanting to recycle and refine their gold, silver, platinum and other precious metals.

The new location at 620 Academy Road (at the foot of the St. James Bridge) in Winnipeg, is readily accessible from all quadrants of the city and provides ample street and off-street parking for the convenience of customers and is wheelchair accessible.

The larger office also lets KMG Gold increase its community service component by accepting more donations of scrap gold for the Canadian Cancer Society and more donations of costume jewellery and silver plated items for Canadian Goodwill Industries.

Future plans for the new facility include state-of-the-art induction melting furnaces and X-ray fluorescence technology for determining purity on-site.

For more information on KMG Gold, please visit http://www.kmggold.com, or call us at 204-452-4653, or toll free at 1-877-468-2220.

Media Contact: Michael Gupton, BSc Eng (Civil) CTE AScT, President, KMG Environmental Inc., 204-452-4653

Tags press release  gold buyer  sell gold  x-ray fluorescence  induction furnace  melt gold 

Posted by Mike Gupton at 1:17 PM 0 Comments

Winnipeg MB February 13 2012

History was made at the Winnipeg Convention Centre, October 2011, when KMG Gold Recycling was awarded its second BBB Torch Award for Marketplace Excellence.

KMG Gold Recycling, the only gold buyer in North America to win a Better Business Bureau Torch Award has won its second award in as many years.

Better Business Bureau Torch Awards recognize businesses that build trust, advertise honestly, tell the truth, remain transparent in their business dealings, honour their promises and display integrity in all of their marketplace activities.

KMG Gold Recycling buys, recycles, and refines all precious metals including gold, silver, platinum and palladium. KMG started as an internet gold buyer in 2007 on www.kmggold.com, and opened their retail location in Winnipeg in 2010.

Since 2007, KMG has served thousands of customers from all across North America and has paid out millions of dollars for gold.

Michael Gupton, President of KMG Environmental Inc. which operates as KMG Gold Recycling said these were the same principles that he used to develop his successful business model, long before he had ever heard of the Torch Awards.

“This is a great honour to win a BBB award in the very predatory gold buyer market. KMG is the very best.” Gupton says. BBB Torch award winners are nominated by their customers and selected as winners from a panel of distinguished judges at the Better Business Bureau.

“KMG Gold customers nominated us for this award; our commitment to trust and ethics and our dedication to our customers make us winners.” Gupton says.

Gupton went on to say that there is one other very important component to his business model and that is education. “We make every effort to educate our clients and the public at large about our industry, so they can make informed decisions. We believe the best way for the public to protect themselves is to be knowledgeable.

Our website www.kmggold.com has become a trusted source of industry information, not only for the general public, but also for other industry participants.”

“The public is beginning to realize that the process of recycling precious metals is not that complicated and that there are simple steps to take to guarantee that you receive top dollar for your precious metals. The simple fact is that to be recycled, all precious metal must end up at a refinery.

The more people, or middlemen, that touch your precious metal on its way to the refinery, the less money you will receive. The obvious solution to get top dollar for your precious metal is to cut out the middlemen and deal directly with a refinery like KMG GOLD.

Co-founded in 2007 by Gupton, a graduate Civil Engineer and registered prospector, KMG Gold is recognized as Canada’s leading authority on recycling gold and silver jewellery and other precious metals. As a functioning refinery and not a middleman, KMG Gold is able to pay more to consumers and businesses wanting to recycle their unwanted precious metals.

This has been confirmed by numerous independent third party surveys including CBC News.

KMG has been recognized for advocating on behalf of the consumer and pushing for more transparency in the marketplace through public education. The KMG Gold website has become a valuable resource for those wanting to learn more about the industry.

KMG works closely with the Canadian Cancer Society and Canadian Goodwill Industries, helping in raising funds for research and creating jobs.

For more information on KMG Gold, please visit www.kmggold.com, or call us at 204-452-4653, or toll free at 1-877-468-2220.

Media Contact: Michael Gupton, BSc Eng (Civil) CTE AScT, President, KMG Environmental Inc. (204) 452-4653

Tags Better Business Bureau  Torch Award  Ethics  Honesty  Integrity 

Posted by Mike Gupton at 9:32 AM 0 Comments

Regina, SK February 13 2012

KMG Gold, multiple BBB Torch Award winner for Ethics, Integrity and Marketplace Excellence, announces their participation in Regina Coin and Stamp Show.

Michael Gupton, President of KMG Environmental Inc., the parent company of KMG Gold, is pleased to announce that they will be participating in the 2012 Regina Coin and Stamp Show on Saturday February 18th and Sunday February 19th. The show is sponsored by the Regina Philatelic Club and is being held in the auditorium at the Regina Senior Citizens Centre.

KMG Gold is a multiple BBB Torch Award winner. BBB Torch Awards recognize businesses that build trust, advertise honestly, tell the truth, remain transparent in their business dealings, honour their promises and display integrity in all of their marketplace activities. Coincidentally, Gupton says these were the same principles that he used to develop his successful business model, long before he ever heard of the Torch Awards.

For many years, KMG Gold has also been recognized as having the highest payouts in Canada for recycled gold, silver and other precious metals. This has been confirmed by numerous independent third party surveys.

In addition to attending the show, Gupton will also be attempting to make contact and establish business relationships with companies interested in becoming a KMG Gold “Trusted Gold Buyer”. Qualifying companies would represent the KMG Gold Refinery in the purchase and recycling of unwanted gold and silver jewellery and other precious metals. The Trusted Gold Buyer designation recognizes companies that have made a commitment to the same high standards of ethics and integrity in their business dealings, as those demonstrated by KMG Gold.

KMG Gold established the Trusted Gold Buyer Program to help educate the public about precious metal recycling and to provide them with a means of recognizing businesses that will treat them ethically and where they can receive the highest payouts for their precious metals.

For more information on KMG Gold, please visit www.kmggold.com, or call us at 204-452-4653, or toll free at 1-877-468-2220.
Media Contact: Michael Gupton, BSc Eng (Civil) CTE AScT, President, KMG Environmental Inc., 204-452-4653


KMG Gold, Canada's gold buyer since 2007, and the only Better Business Bureau Torch Award Winner for Ethics, Integrity, Honesty and Marketplace Excellence, will be at the 2012 Regina Stamp Sale and Show at the Regina Senior Citizens Centre.

KMG Gold will be at the Stamp Sale buying gold, silver, and platinum, silver and gold coins on Saturday February 18th and Sunday February 19th. The 2012 Stamp Sale and Show is sponsored by the Regina Philatelic Club and is being held in the auditorium at the Regina Senior Citizens Centre, 2134 Winnipeg Street, Regina.

KMG Gold Recycling buys, recycles, and refines all precious metals including gold, silver, platinum and palladium. KMG started as an internet gold buyer in 2007, and opened their retail location in Winnipeg in 2010. Since 2007, KMG has served thousands of customers from all across North America and has paid out millions of dollars for gold. KMG Gold Recycling is the only gold buyer in North America to win a BBB Torch Award, and they’ve won it two years in a row!

"This is a great opportunity for anyone in Regina wanting to sell gold, silver, platinum and coins and get the most money in Canada for it." Says Michael Gupton, president of KMG Environmental Inc. which operates as KMG Gold Recycling. KMG will also have their coin and militaria expert at the show.

KMG has been recognized as paying out the most money in Canada for gold, silver, platinum, and coins. This has been confirmed by numerous independent third party surveys including CBC News.

Unlike other travelling roadshow gold buyers that pay out little for gold and use marketing gimmicks to lure people in, KMG Gold pays up to five times more for gold, silver and coins than roadshows and travelling gold buyers. KMG posts all of their buy prices for gold, silver, platinum and coins on their website www.kmggold.com.

KMG works closely with the Canadian Cancer Society and Canadian Goodwill Industries, helping in raising funds for research and creating jobs. On top of matching every donation made during the show's time in Regina, KMG Gold will also donate a percentage of all purchases made at the Stamp Sale.

Gupton will also be in Regina Thursday and Friday February 16th-17th talking to local businesses interested in becoming a KMG Gold “Trusted Gold Buyer”. Qualifying retailers would represent the KMG Gold Refinery in the purchase and recycling of unwanted gold and silver jewellery and other precious metals. The Trusted Gold Buyer designation recognizes businesses that have made a commitment to the same high standards of ethics, honesty, and integrity in their business dealings, as those demonstrated by KMG Gold.

KMG Gold established the Trusted Gold Buyer Program to help educate the public about precious metal recycling and to provide them with a means of recognizing businesses that will treat them ethically and where they can receive the highest payouts for their precious metals.

For more information on KMG Gold, please visit www.kmggold.com, or call us at 204-452-4653, or toll free at 1-877-468-2220.

Media Contact: Michael Gupton, BSc Eng (Civil) CTE AScT, President, KMG Environmental Inc., 204-452-4653

Tags gold buyer  Regina SK stamp sale and show  Regina SK 

Posted by Mike Gupton at 9:28 AM 0 Comments

Source: KMG Gold (1/30/12)

"If silver blasts through $40/oz, it's probably on its way to the all-time high. In that case, the next big move would be to the upside, with potential for $70/oz targets and triple-digit silver prices."

On Jan. 11, we expected the U.S. dollar to top as sentiment was uber-bullish, which would lead to a nice rally for gold, silver and (mining) stocks. That day, the USD index closed at 81.35, silver at $29.89, and gold at $1,641.

Today, the U.S. dollar stands at 78.90, silver at $33.89 and gold at $1,733.50, so we got what we expected.

On Jan. 9, we posted the following chart, which compares the current silver "bubble" to the Nasdaq Bubble a decade ago:

Now let's see where we are today.

Just like the Nasdaq, silver has set a lower/equal low, accompanied by a higher low of the MACD index, and has now rallied quite sharply:

Compare this to the Nasdaq:

An overlay of both charts shows us where we are today:

If we zoom in a bit:

If the pattern holds, we should be about halfway the "Bull trap," as many will view this as the Return to "normal."

If the pattern doesn't hold, and silver blasts through $40/oz, it's probably on it's way to the all-time high. In that case, the next big move would be to the upside, with potential targets of $70/oz and potentially triple digit silver prices.

As long as the pattern holds, I would be careful if silver hits $38/oz.

KMG Gold Recycling

Tags silver  silver price  silver market 

Posted by Mike Gupton at 1:05 PM 0 Comments

KMG Gold.com
One of the hallmarks of the decline in gold prices from an all time high of $1920 in Sept 2011 (as the market collapsed by 26%) was the significant long liquidation of speculative positions by gold futures traders on the CME in New York.

Since then gold has steadily rallied - firstly breaching the important 200 day moving average which was then at $1644 and subsequently technical and psychological resistance around the $1700 level. And it has done this without any significant re-building of net long positions of the CME futures traders (see Reuters chart below).

By last Friday the Commitments of Traders reports suggests that futures traders are now at a net long of 126,937 contracts (a little under 400 tonnes). That is a gain of nearly 9% on the previous weeks position but still less than half the levels seen mid last year.

With the US Federal Reserve committing to keep interest rates at low levels at least until "late 2014" this would suggest the gold market still has legs to run and it is surely only a question of time before the floor traders join the party and rebuild their long positions in earnest.

With gold starting 2012 at a cracking pace, gaining 10% in the first month (equaling the gains of the whole of 2011) - gold may be poised to set fresh highs this year - but much earlier than many - ourselves included - would have expected.
KMG Gold.com

Tags gold price  gold investment 

Posted by Mike Gupton at 11:15 AM 0 Comments