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

KMG Gold: There was a time when politicians kissed babies to show they had the common touch and a real connection with ordinary folk. With the outcome of the US elections finely poised, gold and a return to a gold standard is seen as a potential vote-winner - today they are embracing gold, not babies.

In South Carolina 33% of voters are gold standard supporters, with 18% warm to the idea while only 11% are against and 6% cool on the proposal. Gold is a clear 3-1 vote winner.

To be fair, Republican presidential candidates Newt Gingrich and Ron Paul have both consistently been strong supporters of 'hard money' but their advocating a "gold commission" to consider a return to a gold standard is interesting at two levels - firstly in what tells us about the mood in the USA - and secondly by its potential impact on the gold market itself.

President Nixon moved the US out of the gold standard in 1971 and brought to an end the Bretton Woods system of monetary management introduced in 1946 where currencies were pegged to each other and the dollar was pegged to gold at a price of $35/ounce. The proposal is to back US dollars with gold (and possibly silver).

The main benefit of the gold standard was that, by linking a countries currency to a fixed asset like gold. it prevented policy makers from over-expanding the economy - it was a forced discipline or straight-jacket which effectively has a self-regulating and stabilizing effect on the economy. As such, the government can only print money depending upon the levels of gold reserves it has. This discourages inflation, budget deficits and debt. Furthermore, the more productive nations benefit - as they should - because the more they export, the more gold they can purchase and therefore money they can print to grow their economy further.

In the current political climate there is a strong desire to achieve economic stability through fiscal discipline, a balancing of the budget and by reducing government interference in the economy. Many would be prepared to forgo potential economic growth that a fixed money supply would engender and even tightness in credit markets that would stifle company growth through lack of funding. Such is the anger of the mis-management of the economy and the short-comings of the fractional reserve banking system.

But can gold fulfill its extended role ? Certainly gold prices have behaved in an exemplary manner during the crisis as a wealth preserver and its role in maintaining purchasing power parity in the long run has been well proven. Prescient gold investors have been well rewarded with over 20% compound growth year-on-year - for over a decade.

But with a large and highly globalised economy, can gold sensibly underpin the world's senior reserve currency in a complex financial world ?

Representing as it does less than 1% of global financial assets, gold is very clearly limited without a massive upward revision in its price from $1650/ounce to about $45,000/ounce. There are also fundamental problems in fixing exchange rates between currencies that we had under Bretton Woods - it is not unlike the artificial and flawed arrangement that underpins the Eurozone. The short answer as to whether or not gold can fulfill this role is in the detail and what sort of system you want.

Economists broadly do not favour a return to a gold standard. The University of Chicago conducted a poll of 40 leading economists none of whom supported the move. But it is also clear that something needs to change. So long as policy makers make over-extended promises on the one hand (to ensure re-election) and the printing presses in the other then we will continue to see inflation and currency declines as those shown below. Since 1971 the US dollar has lost over 85% of its value by official (CPI) measures. Truly the thief in the night and that's just not right. To use the words of President Hoover in 1933 - "We have gold because we cannot trust governments".
KMG Gold

Tags gold standard  gold stock  gold investment 

Posted by Mike Gupton at 8:43 AM 0 Comments