KMG Gold Recycling USA, Ltd is a BBB Accredited Gold Buyer in Grand Forks, ND
KMG Gold Recycling USA KMG Gold Recycling Canada

Saturday, July 21, 2018

Gold Buyer Open 7 Days a Week

KMG Gold Recycling 1220 Pembina Hwy is open 7 days a week.
Open: Monday - Saturday 9:30-5:30
Sunday 12:00-5:00
Buy and sell unwanted jewelry, coins, Sterling silverware, gold and silver bars and rounds. Please visit our website www.kmggold.com/kmg-gold-locations-hours.cfm for details.

Open 7 Days a Week
 
Posted by Mike Gupton at 10:00 AM 0 Comments

Thursday, January 11, 2018

KMG GOLD RECYCLING 1220 PEMBINA HWY NOW OPEN

Www.kmggold.com  Winnipeg January 2, 2018
KMG Gold Recycling opens third Winnipeg location at 1220 Pembina Hwy.

This new head office and recycling facility for KMG Gold Recycling is the newest addition to their recent openings of new retail outlets for buying Gold, silver, platinum, palladium, Gold jewelry, gold crowns, silverware and coins and bullion.

KMG Gold Recycling 1220 Pembina hwy

Posted by Mike Gupton at 5:08 PM 0 Comments

Thursday, December 28, 2017

KMG GOLD RECYCLING OPENS FOURTH LOCATION

January 2, 2018. Winnipeg MB Canada

KMG Gold Recycling opens the doors on its new home, processing facility and head office at 1220 Pembina Hwy in Winnipeg Manitoba Canada. The doors will open January 2, 2018 Monday to Friday, 9:30-5:30

This new building, a former bank complete with impenetrable vault, will be the new head office and processing centre for the world famous, KMG Gold Recycling.

KMG Gold Recycling founder and President, Michael Gupton says the new facility will house a gold depository, silver repository and will have the ability for customers to securely store gold and silver coins, bars, wafers and precious metal items in the first of its kind secure vault. Complete with after hours gold scrap depository services.

KMG recently opened a new gold buying outlet at 1514 Regent Av W, in Transcona, a suburb of Winnipeg, just three months ago.

KMG Gold Recycling started recycling and buying gold, silver, platinum, and palladium in 2007 and fast became the premier, published, and world famous source for the general public to recycle their unwanted gold jewelry, gold and silver coins, junk silver, platinum thermocouple wire, and dental gold such as gold crowns. Their success lies partly in their efforts to educate consumers about the precious metals recycling industry and how they can get the most money for their unwanted gold, silver, platinum and palladium.

KMG Gold Recycling has 4 locations in Canada and the United States. 620 Academy Rd Winnipeg, 1514 Regent Av Winnipeg, 1220 Pembina Hwy Winnipeg, and 1003 S. Washington St Grand Forks ND

Please visit https://www.kmggold.com for updates, locations, hours of operation, and also follow KMG Gold Recycling on Facebook.com/kmggold. Call toll free 1-877-468-2220
KMG Gold Recycling buys, recycles, refines, stores, insures and manufactures precious metals of any kind.



Posted by Mike Gupton at 1:18 PM 0 Comments

Friday, October 09, 2015

Ask The Gold Guy: KMG President Takes Your Calls on 680 CJOB

Join KMG Gold Recycling founder Michael Gupton as he takes your calls live and shares his secrets on how to buy gold on the Tom Milroy Show on 680 CJOB radio live this Saturday at 10:30am listen anywhere at player.cjob.com Learn where and how to buy gold and silver, what hallmarks are good, which are bad. What does "karat" and "carat" mean? What does EPNS and sterling mean? Learn how to tell the difference between gold or glamour, and precious or plated.

KMG Gold On 680 CJOB
Posted by Michael Gupton at 12:15 PM 0 Comments

Monday, December 15, 2014

Honesty and Integrity Pay Big Dividends for Local Gold Buyer: KMG Gold Recycling Win Awards, Again

Press Release (12/12/2014) Winnipeg, MB:

Winnipeg founded precious metal recycling company, KMG Gold Recycling, win two Better Business Bureau Torch Awards, Community Excellence Award and the Green Award.

The only precious metals recycling, or cash for gold, company to do so, KMG Gold Recycling win two more customer nominated BBB awards increasing their number of awards to seven. KMG has won at least one award every year for the last five years in a row.

KMG Gold recycles and refines all precious metals, including; gold, silver, platinum, palladium, diamonds, copper pennies, and nickels, with offices in Winnipeg, Manitoba, Canada and Grand Forks, North Dakota, USA.

Awards this year include the BBB Community Excellence Award recognizing KMG Gold as a company that blend financial success with a strong commitment to positive community impact. Social benefits include business practices that help revitalize neighbourhoods, create opportunities for marginalized groups, or otherwise strengthen and support community economic and social development.

KMG's second award is the BBB Green Award for businesses that blend financial success with a strong commitment to positive environmental outcomes, which go beyond basic office recycling programs to minimize or mitigate pollution, waste, and/or carbon footprint associated with the business products, services, and operations.

Michael Gupton, KMG Gold Recycling president, beams, "We make every effort to educate our customers and the public at large about how the precious metal recycling industry works, so they can make informed decisions. And this year, again, they made the informed correct decision to nominate KMG Gold for more awards!"

KMG Gold was also nominated by its customers for the Better Business Bureau Torch Awards for Marketplace Excellence in recognition of their commitment and adherence to BBB Standards for Trust to benefit their customers, employees, suppliers, shareholders and surrounding communities.

Companies are nominated for the BBB awards by customers and the winners are selected by a panel of independent judges appointed by the BBB. KMG Gold is the only company in the precious metal recycling industry to receive these awards.

"I recall the sense of accomplishment and pride when we first won our 2010 BBB Torch Award for Marketplace Excellence on a job well done... being recognized for our hard work and honesty... being rewarded for swimming upstream in the predatory waters of the precious metal recycling industry... Honesty and integrity are good for business! " says Gupton.

For more information on KMG Gold Recycling, visit http://www.kmggold.com or call 1.877.468.2220.
Media Enquiries Always Welcome, Contact: Michael Gupton, President, KMG Environmental Incorporated, 1.877.468.2220
Media Kit: Visit http://www.kmggold.com or call 1.877.468.2220.
KMG GOLD RECYCLING  - THE ORIGINAL TRUSTED GOLD BUYER
Posted by Mike Gupton at 11:46 AM 0 Comments

Wednesday, November 26, 2014

KMG Gold Recycling(R) Offers The Best Gold Price Guarantee

For Immediate Release November 26, 2014. KMG Gold Recycling(R), The Original Trusted Gold Buyer.

KMG Gold Recycling(R), Canada's Original Trusted, industry leading precious metal recycler, for Transparency, Integrity, Honesty, Ethics and Educating the Consumer, on the precious metal recycling industry. KMG Gold Recycling(R) is the ONLY precious metal recycler ANYWHERE to to receive customer nominated, BBB Torch Awards for these reasons.

KMG Gold Recycling(R) is the only gold buyer to give online and in-store free quotes (offers to purchase) which have been prepared using the only privately owned, FischerScope X-ray Fluorescence Spectrometer, in the mid west. This extremely valuable state-of-the-art machine determines all of the elements in, and the purity of, all your items with an accuracy greater than one part per thousand.

KMG Gold(R) uses other Fischer Scientific instruments and the 3000 year old, tried, tested and proven acid test to determine the true purity of your precious metal items. KMG Gold never uses electronic gold testers as their accuracy is substandard, questionable, and definitely not up to KMG Gold's leading industry standards for accurate testing results.

The dollar amount in a KMG Gold(R) offer to purchase represents a fair and reasonable pay out percentage of the precious metal market price and is valid for the business day that the quote is prepared.

You need to know this:
Our competitors routinely advertise inflated pay out rates in newspaper ads, TV, radio and online only to deceive the consumer to "get you in the door" only to be paid a lesser amount when you go in or ship your gold to them, or they offer "in-store credit" towards heavily marked up retail items. Some competitors have no skills or technology to determine the purity so they under pay on the karat value and the weight of your gold, all in an attempt to exploit your trust and offer a lower pay out.

As a consumer myself, I believe that these practices are dishonest, unethical and do not serve YOU, the consumer in a free and competitive marketplace.

Be sure to always read the fine print on any offer to purchase and ask questions until you fully understand the process. The process of selling your gold should be open and transparent and you should always be able to see exactly what's going on.

KMG Gold Recycling(R) offers and pays out what we advertise on our web site. We always have and we always will. No surprises. KMG Gold Recycling(R) pays the most of any precious metal recycler, advertised rates of up to 98% of market prices for precious metals.

Therefore, KMG Gold Recycling(R) the nations leading, original trusted precious metal recycling company now offers our  150% Best Gold Price Guarantee.

KMG Gold(R) will match and beat any genuine, written, and x-rayed analysis offer to purchase for scrap gold, silver, platinum, or palladium by 50% of the difference.

If you are offered a pay out higher than ours, online, mail-in, or in-store, or anywhere, bring or send in the written offer to purchase, and we will beat it by 50% of the difference!

KMG Gold (R) Best Gold Price Guarantee Conditions:
  • Offers to purchase are deemed to be genuine if they reflect a percentage of the precious metal market price on the day the offer to purchase is made.
  • If the offer to purchase is higher than the market price for that particular day, the offer to purchase is not genuine but merely a marketing gimmick or lure for in-store retail credit (a marketing trick).
  • Written offers to purchase must be prepared on company stationary, not on a business card, a scrap of paper, or a napkin, and never published online or in print ads.
  • Written offers must be based on x-ray fluorescence testing technology.
  • Purchase purity of all items shall be determined solely by KMG Gold(R). KMG Gold(R) shall not be held accountable for other gold buyers mistakes, lack of skills, or lack of technology.
  • Price match guarantee excludes bullion, loose stones, collector coins, coin sets and items to be purchased as "jewellery" rather than scrap.
  • KMG Gold Recycling(R) reserves the right to refuse to purchase any item(s) at its sole discretion.
  • Appraisals are not offers to purchase. They are merely a piece of paper that only serve the jewelry and insurance industries, not the consumer. For more information on what appraisals really mean to you, the consumer, click here.
I stand behind our KMG Gold Recycling(R) Best Gold Price Guarantee and will always uphold KMG Gold Recycling's business practices of Transparency, Integrity, Honesty, Ethics and Educating the Consumer, on the precious metal recycling industry.

Do business with the best, KMG Gold Recycling, The Original Trusted Gold Buyer(TM)

Sincerely,
Michael Gupton, BScEng(Civil), CET, AScT
President, CEO
KMG Gold Recycling(R)

Media contact: Michael Gupton, KMG Gold Recycling(R), 204.452.4653, recycle@kmggold.com
Posted by Mike Gupton at 6:24 PM 0 Comments

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 12, 2014

Silver Bullion From Around the World

Silver bullion coins are very popular here at KMG Gold, with many people seeking them out as a form of safe investment. Many investors prefer silver (and gold) bullion to cash because they protect against inflation and deflation.

Although silver isn't typically used in currency anymore (Mexico is the only country that uses very small amounts in its coins), mints around the world produce their own silver bullion coins that investors and collectors enjoy. Oftentimes, with each new issue of the silver bullion coin in a year, the design will vary slightly but still obtain the coin's original theme.

Silver bullion coins and bars can be sold in many different ounces and come from various mints or mines from around the world. These silver coins and bars are typically 99.9% pure and labelled with ".999". They are sold for more than their face value because of their high silver content, for example, the United States 999-fine Silver Eagle bullion coin only has a face value of one dollar.

Here are some of the world's most popular silver bullion coins:
  • USA - Silver Eagle. Released by the United States Mint in November 1986 and has a face value of $1.
  • Canada - Silver Maple Leaf. Released by the Royal Canadian Mint in 1988 and has a face value of $5.
  • Australia - Silver Kookaburra. Released by the Perth Mint in 1990 and the one troy ounce coin has a face value of $1. Australia also has a Silver Kangaroo which was first minted by the Royal Australian Mint in 1993 and has a face value of $1.
  • China - Silver Panda. Released by the People's Republic of China in 1983 and comes in various sizes with various face values. The one troy ounce coin has a face value of 10 Yuan.
  • Britain - Silver Britannia. Released by the Royal Mint in 1997 and has a face value of 2 pounds.
  • Mexico - Silver Libertad. Released by the Mexican Mint in 1982. These coins do not have a face value.
  • Austria - Silver Vienna Philharmonic. Released by the Austrian Mint in 2008 and has a face value of 1.50 Euro.
  • Russia - George the Victorious. Released by the Saint Petersburg Mint in 2009 and has a face value of 3 rubles.
If you're interested in purchasing silver (or gold or sometimes even platinum!) bullion coins or bars from KMG Gold, please give us a call at 1-877-468-2220 or shop online to see what we have in store. We would be more than happy to set anything you'd like aside for pickup - even if it's not silver bullion
KMG Gold Silver Bullion
Posted by Mike Gupton at 11:30 AM 0 Comments

Wednesday, March 05, 2014

10 Things You Didn't Know About Coin Collecting

Source: Paul Fraser Collectibles

KMG Gold Buys Sells Coins and Numismatics1. Romans began collecting coins as early as 100 AD. Although collecting gold and silver bullion coins has taken place for hundreds of years, the common belief was that coin collecting as we know it today began during the Italian Renaissance. However, new evidence has come to light that suggests Emperor Augustus was interested in collecting coins, often giving old and foreign coins to his friends. One of the first commemorative coins produced was created under the reign of Trajanus Decium (AD 249-251) and depicted all of Rome's deified rulers.

2.Exonumia
This term describes the study of items of numismatic interest, aside from coins and notes. These items often appear under the "exonumia" heading under the backs of catalogs and some examples of these are the altered "hobo nickels" of the US, or China's good luck money charms, both of which are collectible.

3.Stamps were once used as currency
At the beginning of the civil war, American citizens began to hoard coins because they were worried about potential shortages. This, along with trade disruptions from the Confederate Army, led to a shortage of silver and copper-nickel coins and made small transactions nearly impossible.

In response to this, the Postal Currency Act was signed and the public was allowed to use stamps as currency. Inventor John Gault then came up with the idea of encasing the stamps in a small metal container to protect them and even had space for advertising on the back of the container.

4.Coin production is faster than ever
It took the United States Mint two years to produce its first million coins but the Philadelphia Mint can now produce the same amount in 45 minutes. In 2013, the US Mint produced 11.9 billion coins!

5.Current US $100 bills have a slight, conspiratorial difference in them
The clock in the vignette of Philadelphia's Independence Hall on the $100 bill is set to 4:10. However, on the new $100 bills released on October 8, 2013, the clock's hand now reads 10:30. Although there is apparently no significance in the times, the change has conspiracy theorists up in arms!

6.Uzbekistan has the least valuable currency in the world
In 2013 the BBC released a list of the world's least valuable currencies, with Uzbekistan topping the list. One Tiyin is worth the equivalent of 1,999 American cents or 3,038 British pennies. Other countries that were also at the top of the list included Burma, Tanzania and North Korea.

7.1907 was a special year for the US $20 coin
President Theodore Roosevelt ensured that the words "In God We Trust" (a phrase that is heavily repeated on US coinage) were not printed on the 1907 $20 coin. This was because he believed in the separation of church and state and he thought that it showed a lack of respect to God since the money would be used to buy worldly goods and services.

8.The US Mint is more than just that...
While the United States Mint holds 147.3 million ounces of gold that is worth $6.2 billion, it also holds valuable items that belong to other governments and royalty, like Britain's Magna Carta and the crown jewels of St. Stephen, King of Hungary.

It has also housed some of America's most important documents, including the Declaration of Independence, the US Constitution, the Articles of Confederation, Lincoln's Gettysburg Address, three volumes of the Gutenberg Bible and Lincoln's second inaugural address.

9.Travellers cheques are more interesting than you thought!
Between 1118 and 1307, the Knights Templar used a cheque system to fund the travels of pilgrims. This system worked a lot like today's traveller's cheques and was a precursor to how traveller's cheques work today.

10.Dirty money
Coins aren't as dirty as you might think. Only 13% of coins test positive for bad bacteria while 42% of banknotes test positive for bad bacteria like fecal bacteria. And the odor left on your hands after you touch coins is actually caused by you, not the coins. When skin comes into contact with iron, some of the skin oils break down and begin to decompose, creating that smell.

We hope this has been an enlightening post about the world of coin collecting for those who are unfamiliar with it. You can purchase a wide range of coins, numismatics and other products online with KMG Gold at www.kmggold.com!
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, 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, 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, September 25, 2013

What's New This Fall at KMG Gold

With the start of fall and people going back to school and work, September often feels like a fresh start. At KMG Gold we're welcoming the changing seasons and with it, embracing some exciting new marketing strategies and promotions that we want to share with you.

First and foremost, you might have noticed that we've expanded our presence on several digital media platforms. You can now join thousands of others and find us on Facebook, Twitter, Pinterest and Google+. You'll find daily updates with all things related to our business, the precious metal industry, the coin industry and other interesting topics. By subscribing to any (or all!) of our social networks, you'll be able to join the conversation and receive insider special offers, discounts and promotions throughout the year.

Another thing that we're excited about is our recent partnership with several businesses from the Academy Road Biz. Each month, we'll be featuring an in-store contest at our Academy Road location in Winnipeg with one of our new partners. If you drop by, you'll be able to enter a ballot to win a unique prize each month from one of the many businesses on Academy Road.

This month KMG Gold has partnered up with Blossoms Winnipeg, a locally-operated business that specializes in making custom fresh fruit arrangements. Perfect for big occasions, small occasions or even just treating yourself, these arrangements are as beautiful as they are delicious. We tried a box of chocolate-covered strawberries and they were heavenly so it's fitting that our first prize is a box of these delicious treats.

Posted by Mike Gupton at 12:15 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 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 30, 2013

KMG Gold Recycling Partners with AIR MILES

Beginning in April 2013, KMG Gold Recycling entered into a partnership with AIR MILES, the only precious metal recycler in North America able to boast this exciting privilege. Already offering customers the highest payout rates for their precious metals (silver, gold, platinum, palladium and more), now KMG Gold customers will be able to get an added bonus each time they recycle with KMG Gold.

Customers who sell their precious metals to KMG Gold will be able to earn one AIR MILES reward mile for every $20 paid for recycling precious metals, excluding bullion. Dealers and melt and assay customers earn one AIR MILES reward mile for every $40 paid for recycling precious metals, excluding bullion, up to a maximum of 250 AIR MILES reward miles. Refining lot customers earn one AIR MILES reward mile for every $60 paid for recycling precious metals, excluding bullion, up to a 200 AIR MILES reward miles maximum. Individuals earn one AIR MILES reward mile for every $100 spent on the purchase of bullion. Customers will soon be able to earn one AIR MILES reward mile for every $20 in purchases through KMG Gold's forthcoming e-commerce site, excluding bullion.

Do you collect AIR MILES reward miles? If you do, come visit us and see what we can do for you!


Posted by Mike Gupton at 12:21 AM 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

Thursday, November 01, 2012

Operating with integrity earns KMG Gold Recycling more kudos

October 20, 2012.
Winnipeg Free Press

By Dan Proudley

Michael Gupton buys and sells gold, but the most valued commodity he deals in is trust.

The owner ofKMG Gold Recycling is uncompromising in adhering to a high standard of ethics in an industry where uneducated consumers may not always be getting the best value for their precious metals.

As a result, KMG Gold’s sterling reputation for operating in a fair and honest fashion has once again been recognized by the Manitoba and Northwestern Ontario Chapter of the Better Business Bureau (BBB). The Winnipeg-based precious metal recycler has been named a finalist for its third BBB’s Torch Award. KMG Gold has won the award previously in 2011 and 2010. The Torch Awards are handed out annually to companies and organizations that demonstrate ethical conduct, integrity and excellence in the marketplace. This year’s winners were announced Oct. 18.

But to top things off, KMG Gold Recycling is in the running for yet another honor. The company is also a finalist for the BBB 2012 Green Award for environmentally sustainable practices.

Winning the Torch Award means a lot to Gupton. “I think it’s fantastic. We have done our research when we say we are the only precious metal recycler to win one of these (Torch) awards,” says Gupton. ”This is outstanding. I think it’s marvelous to be singled out as the only one in North America who has been nominated by our customers and to have been recognized by the Better Business Bureau. Our customers are obviously very happy with what we are doing, and that’s exactly what we want.”

For Gupton, a civil engineer and former gold prospector, the strategy he has adopted is certainly yielding results. ”Business is absolutely booming right now,” he says, recalling how one day in late September, people were “literally lined-up out the door.”

When customers walk-in to KMG Gold’s store at 620 Academy Road, their precious metals are weighed and analyzed in front of them by a certified technician, who then clearly explains how the metal is valuated. The entire transaction is transparent.

In some cases the jewelry might be worth more if it’s re-sold rather than melted down for the precious metal content. In instances like this, Gupton will recommend a trustworthy jeweler that he is confident will deal with the customer fairly. “At every step, we try to educate the consumer,” says Gupton. “Trying to be upright and transparent is the way to go. An enlightened and educated consumer is a happy customer.”

The company also has an extensive website, www.kmggold.com that features constantly updated prices for precious metal and other related information.

While soaring gold prices have spurred business, there is another factor for the shining success of KMG Gold – Gupton claims he offers the best payout prices available. “Our rate for individuals is amongst the highest in the industry,” he says. Retail customers receive 73-90% of the market value price. Dealers and people with larger amounts receive 90-95% of market value.

“Bring in more gold, get more money,” notes Gupton. “Repeat customers and employee affiliate programs (such as Manitoba Hydro) get a VIP 4% bonus.” He says other gold buyers only pay out between 15%-to-55% of the market value.

KMG Gold can offer higher payouts because it operates its own refinery. Scrap precious metal is melted down and the content of precious metals such as gold, silver and platinum are determined. These ingots are then sold to primary refiners such as the Royal Canadian Mint or Johnson Matthey.

By reusing material already mined, the environmental impact of new mines is greatly reduced, says Gupton. “We are actively helping the environment by recycling all this stuff.”

Gupton founded KMG Gold as an internet company in 2007. He and his wife, Karen, ran the business out of their dining room for three years. In their first year, gross sales totaled an impressive $100,000. As the business grew at a phenomenal pace, Gupton opened a retail store on Osborne Street in 2010. That location quickly became too small, so the store moved to 620 Academy Road. Today, KMG Gold sources as much precious metals through its retail outlets, as it does from its internet shipments from all across North America.

In addition to the Winnipeg retail store, KMG Gold has several shipping outlets in British Columbia, Alberta, and California as well as KMG Gold Trusted Gold Buyers in Steinbach and Toronto. KMG Gold Recycling has also just opened its first retail location in the U.S.A., in Grand Forks North Dakota.
Posted by Mike Gupton at 6:41 PM 0 Comments

Friday, September 14, 2012

KMG Gold Recycling Burns the Competition, Introduces Gold Melting Service in Winnipeg

KMG Gold Recycling has opened Winnipeg's first and only gold and silver Melt and Assay Service. This latest step strengthens the company's leadership position in the precious metal recycling industry.

Winnipeg MB (PRWEB) September 10, 2012

KMG Gold Recycling introduces Winnipeg’s’ first gold and silver melt and assay service.

With a state-of-the-art induction melter and X-ray fluorescence analysis machine on-site, KMG Gold has the ability to melt and assay all gold and silver scrap at 620 Academy Rd in Winnipeg. The accuracy and reliability of this equipment is unsurpassed in the industry.

The melt and assay process maximizes customer returns by allowing KMG Gold to purchase precious metal based on the exact weight and purity. The melt and assay process removes speculation about the true purity and weight of recycled precious metal.

“Now that we’ve removed the speculation on final purity and weight, our payout rates increase dramatically.” Says Michael Gupton, president of KMG Environmental Inc. which operates as KMG Gold Recycling® in Winnipeg MB and Grand Forks ND.

Clients for melt and assay services include people with larger amounts of scrap gold and silver, gold buyers, jewellers, pawn shops, coin and precious metal dealers. The benefit to clients is a more precise and timely analysis of the material they wish to recycle and a higher payout rate for their precious metal.

KMG Gold Recycling buys, recycles, and refines all precious metals including gold, silver, platinum and palladium. Gupton started KMG Gold as an internet gold buyer in 2007 at http://www.kmggold.com, and opened their first location in Winnipeg in 2010 and has now expanded into the USA with a location in Grand Forks ND.

The industry leader for consumer education in the gold recycling industry combined with innovative precious metal recycling solutions for the general public and industry, has helped KMG Gold see 6100% growth since they stared in 2007.

KMG Gold Recycling is the only precious metal recycler to win BBB Torch Awards for Honesty, Ethics, and Integrity, in 2010 and 2011 and has just been nominated for an unprecedented third 2012 Torch Award and a Better Business Bureau Green Award.

For more information on KMG Gold Recycling and its various consumer driven programs, please visit http://www.kmggold.com, or call 204-452-4653, or toll free at 1-877-468-2220.

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

KMG GOLD RECYCLING – NORTH AMERICA’S GOLD BUYER SINCE 2007
Posted by Mike Gupton at 5:21 PM 0 Comments

Monday, March 19, 2012

Press Release-KMG Gold Recycling Grows 300% in 2011, Moves to Larger Facility in Winnipeg

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
Posted by Mike Gupton at 1:17 PM 0 Comments

Monday, November 07, 2011

Gold Climbs To Six Week High

Gold climbed to a six-week high in New York as concerns about Europe’s debt crisis spurred demand for the metal as a protection of wealth.

Italian Prime Minister Silvio Berlusconi’s allies pressured him to step aside after contagion from the region’s sovereign debt crisis pushed Italy’s borrowing costs to euro-era records. That overshadowed Greek Prime Minister George Papandreou’s agreement to step down, sending European equities lower.

Gold for December delivery gained as much as $25.20, or 1.4 percent, to $1,781.30 an ounce, the highest price since Sept. 22, and was at $1,777.70 by 8 a.m. on the Comex in New York. Immediate-delivery gold was 1.2 percent higher at $1,776.10 in London.

Bullion is in the 11th year of a bull market and futures reached a record $1,923.70 an ounce on Sept. 6 as investors sought to diversify away from equities and some currencies. The metal is up 25 percent this year.

Holdings in exchange-traded products backed by gold gained 3.1 metric tons to 2,284.6 tons on Nov. 4, the highest level since Aug. 23, data compiled by Bloomberg.

Silver for December delivery gained 1.5 percent to $34.605 an ounce in New York. Palladium for December delivery was 1.1 percent higher at $662.55 an ounce. Platinum for January delivery rose 0.8 percent to $1,642.90 an ounce.
Posted by Caitlyn Diamond at 9:13 AM 0 Comments

Monday, October 17, 2011

Triple Demand In Hong Kong Opens New Market

Today, Hong Kong’s Chinese Gold & Silver Exchange Society, a century-old bullion house, started trading gold quoted in yuan, boosting the city’s status as an offshore hub for the currency.

The contract may generate as much as HK$6 billion ($770 million) in trades a day, exchange President Haywood Cheung said in an Oct. 14 interview. Daily bullion trading volume at the society, which has 171 active members, has jumped to HK$136 billion this year from last year’s HK$31 billion on appetite for gold as a haven from stock declines, he said.

“There’s triple demand for this yuan product,” said Cheung on Oct. 14. “Investors can enjoy the bull market in gold, the yuan’s appreciation and hedge gold denominated in other currencies against the yuan.”

Chinese Vice Premier Li Keqiang pledged the nation’s support for yuan business in Hong Kong two months ago. The city’s richest man, Li Ka-shing, sold Hong Kong’s first renminbi shares in April and the city’s bond sales in the currency have more than tripled this year. Yuan deposits in the former British colony rose 93 percent this year to a record 609 billion yuan ($96 billion) in August.

“It’s part of a larger trend in Hong Kong to increase investments priced in renminbi,” said Zhang Qiang, an analyst in Shanghai at Haitong Futures Co., China’s largest futures brokerage by registered capital. “It’s a good proposition for investors who want exposure to both gold and renminbi, however, this would depend largely on the two moving in tandem.”
Posted by Caitlyn Diamond at 12:25 AM 0 Comments

Tuesday, October 11, 2011

Investors Wait For Vote

Gold declined from a two-week high as investors awaited a vote in Slovakia to approve the European bailout fund.

Bullion for immediate delivery shed as much as 0.6 percent to $1,666.65 an ounce, after climbing to $1,684.63 an ounce, the highest level since Sept. 23. It traded at $1,668.25 at 4:10 p.m. in Singapore. The metal jumped 2.4 percent yesterday, the most since Sept. 8. Futures for December were little changed at $1,669.90 an ounce.

Slovakia is the only country in the 17-nation euro area that hasn’t ratified a planned reinforcement of the European Financial Stability Facility. The nation’s four-part coalition yesterday failed to resolve a dispute with rebel lawmakers, threatening to delay measures to stem Europe’s debt crisis.

U.S. stock futures declined and the euro was little changed after reaching a three-week high against the dollar yesterday as Slovakia’s parliament prepared to vote. German Chancellor Angela Merkel and French President Nicolas Sarkozy pledged at the weekend to deliver a plan by Nov. 3 to stem the debt crisis.

“We’re in the peak seasonal demand period now and that should also help buoy gold prices,” said Wang, who was ranked fifth in a Futures Daily and Securities Times poll of China gold analysts.

In India, the world’s largest consumer, the peak-demand period began in August with Eid, continues in October with Diwali, and is followed by the traditional wedding season. In China, the second-biggest buyer, demand typically picks up during the National Day holidays at the start of October through till the Lunar New Year in January.

Cash silver lost 0.9 percent to $31.8237 an ounce after climbing 1.5 percent to $32.565 an ounce. Spot platinum was little changed at $1,521.75 an ounce, while palladium dropped 0.9 percent to $610.13 an ounce.
Posted by Caitlyn Diamond at 8:36 AM 0 Comments

Saturday, October 08, 2011

Still A Golden Opportunity

Gold prices rose over $100 an ounce for the third-quarter settling the other day at $1,622.30. I’ll be honest, the 6.5% gain was by no means a cakewalk for anyone interested in the precious metals market and investors. Remember last month? Some of us still have the taste of that $1900 price from just last month.

The uncertainty in the markets has once again refueled the age long debate over the precious metal's position as a safe haven investment. I sometimes laugh when people bring up the doom and gloom of September 10% sell-off, claiming that as the sign the bubble burst. But I couldn’t disagree more.

Gold has been coveted since Biblical times and a few days of down prices will not affect its real value. Even the last quarter’s price increase was better than most equities out on the open market.

To be honest, I don’t believe there will be a huge rally either in the early days of this next quarter but I’m still hearing talk from some market insiders that we’ll see gold rebounding by year-end up to levels between $1,800 - $2,000 an ounce.

The demand driving the precious metal higher is not Western centric. We see gold activity influenced more by technical levels, whereby a consolidation move could be easily fueled into a major correction or crash. But what's easily forgotten is the strength in Asian demand. And of course there's China, a key demand player that has gone from net neutral to a positive demand effect of 300 tons per years according the World Gold Council. China accounted for 6% of total global demand in 2000 and rose to 18% in 2010.

According to the World Gold Council, central banks imported 198.4 tons of gold in the first half of 2011 versus two years ago, they were selling 450 tons a year.

Of course, any gold outlook that doesn't address currency would be remiss. As Europe continues to sort through it's debt crisis, we'll likely see more currency fluctuations. The more instability in the EU, the faster the flight to safety into the US dollar becomes.

The only real advice we can give is to watch the market price, educate yourself and check around at the prices different operations are offering. Right now there is a huge gap in what businesses are paying for used gold and it pays to do your homework.
Posted by Caitlyn Diamond at 4:33 PM 0 Comments

Friday, October 07, 2011

Shortage In Vietnam

On several days recently gold shops in Hanoi and Ho Chi Minh City have sold out their supplies of the precious metal, according to state media reports, as anxious consumers have rushed to protect themselves against Asia’s highest inflation rate.

Vietnam’s Communist government is keen to tackle inflation, restore confidence to the currency and stabilize the shaky banking sector. But it is also concerned that too much tightening may hit economic growth in this export-dependent country.

Officials must find a delicate balance between growth and inflation at a time when their room for maneuver has been severely limited by the global slowdown and their own policy mis-steps and about-turns, which have seriously undermined investor confidence.

Part of the problem is communication, or the lack thereof. Thursday’s move by the central bank to increase a key inter-bank lending rate from 14 per cent to 15 per cent should have been a reassuring signal of the government’s commitment to the stay the course when it comes to tight monetary policy.

But, as usual, the decision was published with minimal explanation to either bankers or the wider public, leaving many scratching their heads again as they tried to divine the motive behind the latest decree from Vietnam’s less-than-transparent rulers.
Posted by Caitlyn Diamond at 8:13 AM 0 Comments

Friday, October 07, 2011

Gold - Strong Alternative

Gold will probably stay strong due to a lack of alternative “safe havens” for investors operating in a slowing global economy, top performing commodity fund managers said in a recent interview.

"We consider the current weakness in gold as temporary and also the slump in commodity prices should come to an end soon," said Kurt Hug, an investment adviser for the Antares Precious Metals Fund.

The gold price has risen by nearly 17 percent so far this year, having hit a record $1,920.20 an ounce in early September before correcting sharply downwards. It was around $1,655 an ounce on Friday.

The fund came third in the Lipper Global commodity sector rankings in the third quarter of 2011 by keeping a high percentage of "strategic liquidity" in Swiss francs in anticipation of "a severe, but short-lived commodity shock."

Fund research and analysis organization Lipper, a Thomson Reuters company, covers more than 108,000 funds. The commodity segment covers funds investing in both commodities futures and natural resources-related equities.

Also staying defensive was Paula Bujia, manager of the $330 million Schroders Gold and Precious Metals Fund, which came fourth. Steering clear of precious metals other than gold, and investing in mid-cap gold miners rather than seniors and juniors, helped her outperform, she said.

Those who are not worried about this type of inflation are petrified of deflation. But even in such a scenario, gold is still a better bet than any currency, according to the gold bugs.

If consumer prices were to fall by some 4 or 5 per cent, stock markets could plummet and the global banking system would be placed under great stain.
The price of gold could also fall, but probably not nearly as much, thereby preserving wealth and purchasing power.

Yet, others argue that a better strategy in a deflationary scenario is to invest in fast-growing industries. “People are very persuaded by crash and doom scenarios, and gold offers a cure for it. But there are other, more positive solutions. Invest in electric cars, recycling, renewable energy – these sectors are growing, and they hold massive potential,” says Chris Eibl, co-founder and head of trading of Tiberius Asset Management.
Posted by Caitlyn Diamond at 8:11 AM 0 Comments

Thursday, October 06, 2011

Gold Price Firm

Gold firmed in Europe on Thursday as a strong recovery in equity markets cut selling of the precious metal to cover losses elsewhere, and as physical buyers took advantage of lower prices to stock up. Keep checking the KMG Gold websites for updates on the price.

Spot gold was up 0.7 percent at $1,651.49 an ounce at 0910 GMT, extending the previous session's 1 percent gains. Trade is expected to be choppy ahead of a policy meeting and press conference from the European Central Bank later.

Concerns over the outlook for the euro zone, as the bloc wrestles with its stubborn debt crisis, were a key factor pushing gold to a record $1,920.30 an ounce last month.

"It is extremely hard to see where the solution will come from," said VM Group analyst Carl Firman. "I think (the euro zone authorities) will be forced into a solution, but the volatility is based around whether it will be sufficient, or another stop-gap."

"We need to see some more definitive news, and in the meantime, we will have a hell of a lot of volatility across the markets," he said.

Gold saw its biggest decline in nearly three years last month as pressurized selling to cover heavy stock market losses pulled prices more than 20 percent from record highs and prompted a period of intense volatility.

European equities extended the previous day's strong gains on Thursday on hopes officials will succeed in their efforts to support Europe's financial sector, while data raised optimism the U.S. economy might avoid slipping into recession.

ECB President Jean-Claude Trichet is expected to prepare the ground for a pre-Christmas interest rate cut at his final policy meeting and offer banks further protection against the euro zone's worsening debt storm.

The euro rose against the dollar and German government bonds fell on optimism over Europe's efforts to aid the financial sector, ahead of the ECB meeting.

ECB President Jean-Claude Trichet is expected to prepare the ground for a pre-Christmas interest rate cut at his final policy meeting and offer banks further protection against the euro zone's worsening debt storm.
Posted by Caitlyn Diamond at 4:54 AM 0 Comments

Wednesday, September 28, 2011

Gold Futures Gain

Gold futures gained the most in seven weeks as commodities and equities rallied amid optimism that European leaders will take steps to resolve the region's debt crisis.

The Standard & Poor's GSCI index of 24 raw materials surged as much as 3.6 percent, while the MSCI All-Country World Index jumped as much as 4 percent. In the previous three sessions, gold tumbled 12 percent, the most since 1983, on sales by investors to cover losses in other markets amid mounting concern that the global economy would slump.

"Gold is behaving like a classic commodity and is moving in tandem with the equity market," Adam Klopfenstein, a senior market strategist at MF Global Holdings Inc. in Chicago, said in a recently published interview. "The selloff was overdone."

Gold futures for December delivery gained $57.70, or 3.6 percent, to settle at $1,652.50 an ounce at 1:33 p.m. on the Comex in New York, rising the most since Aug. 8. Yesterday, the metal tumbled as much as $104.80 to $1,535, the lowest since July 8.

The precious metal has gained 16 percent this year, surging to a record $1,923.70 on Sept. 6.

"There is a small but growing group who believe this pullback will prove to be a good buying opportunity," Edel Tully, a London-based analyst at UBS AG, said in a report. "Gold needs to stabilize after suffering a good deal of reputational damage with recent wild moves."

Silver futures for December delivery advanced $1.56, or 5.2 percent, to $31.536 an ounce, the biggest gain since July 13. In the previous three sessions, the price tumbled 26 percent, touching a 10-month low of $26.15.
Posted by Caitlyn Diamond at 5:26 AM 0 Comments

Monday, September 26, 2011

Gold Is A Victim Of Its Own Success

The price of gold was down again on Monday as investors traded the metal for the perceived safety of cash. "Essentially gold is a victim of its own success," said Edel Tully, a precious-metals strategist at UBS in London.

The price of spot gold fell to its lowest in two and a half months, and is now down 9% from the record high of $1,920.94 a troy ounce that it notched on Sept. 6. The price of spot gold was recently at $1,615.0/oz, down 2.4% from its close in New York on Friday.

“It’s a good time to sell,” said Michael Gupton of KMG Gold in Winnipeg. “It always is if you apply my Dollar Averaging concept,” Gupton explained referring to his upcoming publication, As Good As Gold.

Analysts said gold is suffering at the hands of investors who are cashing in on gold's recent bull run to shore up their books and cover losses elsewhere. Gold was one of the main beneficiaries during the turbulence in financial markets this summer and the growing aversion among investors toward risky investments.

Mr. Gupton added that the extent of the selloff was not surprising, and reflected the strong demand for cash amid a strengthening dollar. “Gold is a safe alternative and this action just proves my point.”

The price of silver was recently down 7.7% at $28.56/oz. It had earlier traded as low as $26.100/oz.

The price of spot platinum was 3.8% lower at $1,543.70/oz, while the price of spot palladium was down 1% at $625.50/oz.

Posted by Caitlyn Diamond at 8:01 AM 0 Comments

Sunday, September 25, 2011

Gold Vending Machines?

China has installed the country’s first gold vending machine in a busy shopping district in Beijing. Largest Gold producer and second largest to India in consuming, China becomes the sixth nation to open a gold vending machine for its people.

Gold vending machines are now operating in the US, UAE, Germany, Spain and Italy. According to reports, China is set to open vending machines, made by the same German company TG Gold Super Market that supplied machines to other countries.

Shoppers in the popular Wangfujing Street can insert cash or use a bank card to withdraw gold bars or coins of various weights based on market prices. The machine was launched Saturday by the Beijing Agricultural Commercial Bank and a gold trading company, the report said.

The machines will dispense gold bars weighing up to 2.5 kilograms and work just like the normal automatic teller machines (ATMs), cnr.cn reported, and citing sources close to the matter.

The machines can accept both cash and credit cards. The cash-for-gold machines will be on trial at Beijing’s upscale clubs and private banks during the initial period for security reasons. They plan to install an unspecified number of machines in secure locations such as gold shops and up market private clubs.

Gold is often used as a hedge against inflation and the machines could prove popular among Chinese consumers looking for a convenient way to safeguard their cash amid rising prices.

Chinese consumer demand for gold soared 27% year-on-year to 579.5 tonnes in 2010, according to the World Gold Council. India, the world’s top consumer, saw a 66% increase to 963.1 tonnes.
Posted by Caitlyn Diamond at 4:23 PM 0 Comments

Friday, September 23, 2011

Crucial Steps In Buying Gold

The world economic scenario has undergone a lot of turbulence and uncertainty in the past few decades. Therefore, it is a secure alternative to make long term investments. The retirement accounts are decreasing, the stock exchange is also subject to huge fluctuations and the value of all currencies is on a decline. Gold has become a prized investment in such these circumstances. Gold has emerged as a winner because it has been able to withstand all the lashes of recession. Apart from being used in ornaments, gold also possesses immense historical value and importance. What’s more is that by buying gold at a lower price and selling it at a higher price, one can make money.

To ensure that gold proves to be a secure and reliable investment, people should understand some simple steps to buy gold. To gain a full understanding of the ins and outs of the market, people should thoroughly analyze the gold market. If one wants to know the potential value of gold holdings, people should understand the value of the metal and have complete knowledge of its historical relevance. Moreover, people should be aware that gold investment is not restricted to one specific option. People can buy metal futures, certificates, stocks of mining companies, wafers, physical bars and coins and mutual funds of precious metals amongst others.

Before settling on one form of investment, people should have a thorough understanding of the gold industry. In addition, the mode of investment which is selected should enable people to make money and should also be within means. Those investors should look for gold coins that have a limited allocation. Not only these coins have immense historical value, but are easy to transport and convenient to store and hold.

Finding a reliable gold dealer is the next step which has to be followed. It is essential to find a dealer who is honest, trustworthy and follows all business ethics from the ones which are available locally as well as online. All Canadian cities like Toronto, Calgary, Kamloops, Vancouver, Winnipeg, Victoria etc have their own gold dealers.
There are several gold dealers located in each city. It can be seen that people can save on the transportation and shipping costs can be saved if one opts to use a local dealer. On several occasions, people can gain confidence by investing in smaller items.

People can choose any gold refinery in Canada for confirming gold authenticity of gold with the help of gold assay services. KMG Gold Recycling is a suitable choice when looking for a precious metal refinery in Canada. People can make a decision once the refinery has analyzed the gold. KMG would be the ideal choice as it conducts all its transactions with honesty. 
Posted by Caitlyn Diamond at 7:56 AM 0 Comments

Thursday, September 22, 2011

Silver Sales Rise 30%

The Royal Canadian Mint is on track to raise sales of its silver bullion coins by around 30 percent to 25 million ounces this year and to match last year's record gold sales of around 1 million ounces, an executive from the Mint said.
Speaking on the sidelines of the London Bullion Market Association annual conference, John Moore, executive director of bullion and refinery services at the Mint, told Reuters investors believed silver had more room to rise than gold.
"In terms of our sales this year, year to date we're tracking to the same volumes as we had last year in gold, which were record volumes for us. heading toward a million ounces," he said.
"In silver, we are 30 percent ahead of where we were last year," he said. "We finished last year with 18 million ounces of silver (sales). We are looking at increasing those sales by about 30 percent to the end of this year, to around 25 million ounces."
While silver sales have been strong, very few scrap coins are being returned to the market despite a rally in silver prices to record highs near $50 an ounce in late April.
The metal dropped sharply from that high, however, falling by around a third in just six sessions after its record high, unsettling some investors.
"Analysts are still calling for silver to follow gold and go back up to $50," Moore said. "If you believe gold is going to $2,000, you will probably believe that silver will follow it and go to $50."

Posted by Caitlyn Diamond at 1:06 AM 0 Comments

Wednesday, September 21, 2011

Gold's Storage Wars

Gold climbed to a record $1,921.15 an ounce on Sept. 6. Prices more than doubled since the end of 2007 as stock markets slumped, economies contracted and central banks and governments pumped more than $2 trillion into the global financial system. It all sounds perfect but there are issues involved.

Deep in the 7.4-acre Singapore Freeport next to Changi International Airport’s runways is the bullion vault of Swiss Precious Metals, behind seven-metric-ton steel doors built to survive a plane crash or earthquake.

The rooms are almost full after demand rose fivefold in the year since the Geneva-based company opened the facility. The firm is planning on an expansion to cope with the surge of investors willing to pay as much as 1 percent of the value of their holdings each year to keep them secure.

“The European debt crisis and its impact on the solvency of European financial players are driving European customers to find safe investment opportunities like physical gold and other precious metals,” a representative said. 

Barclays Capital is building a new vault, The Brink’s Co.and Deutsche Bank may add more space to there facilities, and the Perth Mint may expand for the first time since 2003. It’s a sign they expect demand to keep increasing after the 11-year rally during which prices increased sevenfold. Investors in exchange-traded products backed by gold bought 2,198 tons of bullion since 2003, exceeding all except four countries’ official stockpiles.

Gold rose 28 percent to $1,813.15 this year. The metal will exceed $2,000 this year, according to the average estimate of 16 respondents in a Bloomberg survey at the London Bullion Market Association’s conference in Montreal. The metal will peak at $2,268 next year, the survey showed.

Storage companies are responding. The 112-year-old Perth Mint, which refines more than 8 percent of all supply and is owned by the Western Australian state government, may add a new vault within the next year, according to Treasurer Nigel Moffatt. The mint sells everything from gold coins to 400-ounce (12.4-kilogram) bars.

Brink’s, the largest bullion carrier in the U.K., is considering adding more storage after opening a new London vault earlier this year. Barclays, based in London, is building a vault in the city that will open next year, the bank said in a statement last week.
.
“With gold prices where they are, we encourage people to keep it in safety-deposit boxes at banks or vaults, which gives that sense of security,” said Scott Carter, chief executive officer of Goldline International Inc., a Santa Monica, California-based precious-metals retailer established a half-century ago.

“Many vaults are hitting the insurance limit as prices of gold have surged and even if space is available, the full replacement insurance may not be available,” said Savneet Singh, the CEO of New-York based Gold Bullion International, which offers precious-metals storage to wealthy individuals, hedge funds and financial institutions. “The smaller customers are already getting squeezed.”


Posted by Caitlyn Diamond at 7:25 AM 0 Comments

Tuesday, September 20, 2011

Jeweller's Scale

Jewellers scale are a must have for people who deal in precious metal items. Such items include diamonds, semi-precious stones, silver and gold.

What Is A Jewellers Scale?
This is a weighing machine that can measure very minute objects. The scales are digital and are available in stores that stock jewellery and precious metals. Resellers are also popular users of these scales. They weigh carats either for gold or diamond, and help in determining the value of the underlying precious metal.

How Gold Is Weighed
Currently, gold is weighed as:
1 ounce           -     31.1 grams
1 kilogram      -     32.2  ounces

One buying a scale must be careful so as to get the best scale. Reputable makers of these scales have evenly distributed their products in the market. There are some guidelines that can help a buyer know exactly what to look for in a scale. These are mainly requirements that have been set by the industry in regard to the ideal scales. These are:
a)Digital display
A jewellers’ scale must have a digital display that gives accurate measurements. The scales are convenient because they give quick results, in seconds! Whether a person is  seeking to buy or to sell precious metal items, a jewellers scale offers more efficiency than other weighing methods. Accurate measurements lead to accurate transactions which are necessary for business efficiency.
b)Source of power
Jewellers scale are very convenient for use. For people who are always on the move, battery run scales are available. They are also portable hence ideal  for field studies.

Uses Of Jewellers Scales
Though the word  jewellery is used in its name, jewellers scale can be used by just about anyone. Insurance firms use them use them to ascertain the inherent values of items such as rings, bracelets, gold items and other precious metal items. They do these tests so as to determine the amount of insurance cover that is payable for the precious metal items.

Auction houses also have these scales for establishing the values of items from diamonds, silver, gold or semi-precious metals.

Individuals are also users of these scales. They use them to determine the value of the jewellery they buy. It is important to know that the item one is buying is genuine and that the value stated is indeed the true value.

Modern systems weigh gold in grams though the price of gold is quoted in ounces. Knowing the ounce equivalents of these grams helps an individual get the correct price for gold items.

Therefore, one should invest in a jewellers scale that is properly calibrated as this is the first step to determinig the true value of a precious metal item. Consider your options carefully!


Posted by Caitlyn Diamond at 8:21 AM 0 Comments

Monday, September 19, 2011

Most Money for Gold at the Refinery

Earning top dollar for a stash of scrap gold begins by selling directly to the refinery. The biggest mistake you can ever make is selling gold, silver, platinum or palladium to local middlemen. Middlemen will rip you off by paying peanuts for scrap gold items. There are as many reputable gold buyers as there are fly-by-night firms run by middlemen.

How to identify reputable refineries

A number of factors can come in handy when looking for reputable refineries. Look out for the following;

Honesty and Integrity

Honesty and integrity will be embodied in accreditations such as Better Business Bureau (BBB), McAfee, VeriSign and TRUSTe. Honesty and integrity are two important cornerstones of any successful business. The Better Business Bureau is a consumer watchdog that fosters trust between customers and companies. A company that lacks accreditations cannot be trusted. It’s too great a risk and chances are you will be paid peanuts for your stash of scrap gold.

High Payout Rates

Refineries pay more money than local middlemen gold buyers, pawn shops or pawn brokers. Refineries will pay an average six times more money than local middlemen. Rather than sell gold, silver, platinum or palladium items to middlemen, deal directly with refineries for the most money. Local middlemen simply collect gold, silver, platinum and palladium items and sell to refineries for top dollar. Middlemen or pawn shops and pawn brokers can never offer top dollar. They are also looking to make top dollar from refineries and will thus pay peanuts for your gold.

Fast Turnaround

Refineries offer faster turnaround, with faster services and payments. Beware of gold buyers who hire summer students or minimum wage workers to test and analyze your gold. All gold, silver, platinum, palladium and rhodium at KMG Gold is professionally tested and analyzed by a KMG Gold Certified Engineering Technologist, Certified Engineering Technician, or Applied Science Technologist. This in turn, results in faster turnaround and payments.

Shipping Insurance

Only the best gold buyers and gold refineries offer real, claimable insurance for your precious metal. UPS, FedEx, Purolator, Canada Post, the US Postal service etc will all sell you insurance, but it is not claimable for precious metals, gems, jewelery, gold bars, silver bars coins wafers etc.
Only KMG Gold Recycling offers genuine, claimable shipping insurance for your gold at one half the costs of the other carriers insurance.

Additionally, watch out for gold buyers who don’t have a privacy policy or who aren’t certified by TRUSTe. They might sell your e-mail address and your personal information. Beware of gold buyers who don’t have a terms and conditions of service page on their web site. They are hiding things from you. Or perhaps they just might be fly-by-night firms looking to buy gold cheaply.
Posted by Caitlyn Diamond at 10:32 AM 0 Comments

Monday, September 19, 2011

Safe Keeping

Owning gold is starting to become the “in” thing in the investment industry because it’s perceived as a hedge in troubled economic times. With the current value of gold seemly edging higher almost on a daily basis, there are more and more people who are keeping gold investments at home.

“For many people owning gold jewelry means they are now in possession of a significant value of gold,” stated Cpl. Richard De Jong, spokesperson of the North Vancouver RCMP. “The RCMP is cautioning people to be very mindful of where and how they are storing their gold; thieves have been very specific in residential break and enters by stealing just gold jewelry.”

Several agencies and organizations, including KMG Gold are offering some safety tips to consider for safekeeping your gold:

Bank safety deposit boxes are secure and may offer one of the best protection options from theft or loss.
An in-house, fire-rated securely fastened safe may also provide security.

To mitigate the risk of theft, diversify where you choose to store your gold. Do not store all your gold in one specific hiding place in your residence. If thieves find one storage location they may quickly move on.

Be cautious when telling your friends or neighbours about the value of your gold. Keep quiet about the gold you have and you will not have to worry about being targeted for a break and enter or home invasion.

Assume any potential thief may have a metal detector to locate your gold. Therefore, keep your gold stored in a location that contains other metals that could act as a “camouflage” by naturally setting off a metal detector

Think about ‘providing a facade as bait’ for any potential thief. By having a jewelry box with inexpensive items inside, it may be enough perceived riches for the robber to then leave.

Stay away from hiding your gold in predictable places such as a freezer, a cookie jar or under a mattress. Think outside the box and utilize obscure locations.

Seriously consider placing your gold “on account” with a local refinery or recycler like KMG Gold in Winnipeg. By using this service, you keep the investment without risking the chance of theft or loss.

All locations whether in your home or outside, have advantages and disadvantages. Think smart and be proactive in protecting your gold,” suggests Michael Gupton of KMG Gold. “Your gold is worth it!”
Posted by Caitlyn Diamond at 7:49 AM 0 Comments

Saturday, September 17, 2011

Silver Used In Photography

Silver is a soft, white, lustrous transition metal. The metal occurs naturally as an alloy with gold and other metals. It is also available in minerals such as argentite and chlorargyrite. However, most of the silver is a byproduct of copper, gold, lead and zinc refining.

Silver is a valued precious metal used to make ornaments, jewellery, high-value tableware and currency coins. Today, silver has found an array of use as conductors, catalysts, disinfectants as well as in photography.

Silver In Photography
Photography has been around since the early 1800’s. Silver was used in photography for making silver based films. Its popularity grew steadily over the years. However, the recent introduction of digital cameras has reduced the use of silver in photography.

Silver halide crystals were used to cover a film. The crystals, once exposed to light would set. Due to their stability, they produced high definition photos and was therefore the best photographic method.

In the medical and industrial fields, X-rays use silver based films. Industrial inspections involve routine tests of cast metals. Scanning of machinery parts to display hidden flaws is done using these silver based X-ray films.

However, the use of digital cameras has greatly reduced the demand of silver in photography. In 2007, the demand for silver in photography was about 12 – 15% of the years’ total production. This was approximately half the silver that was demanded ten years before. With this large decline, silver is still significant in the industry.

Crime Scene Cameras
Silver based films are widely used and are the recommended technology for evidentiary photography and other field applications. These cameras are preferred because they offer high resolution and the highest dynamic range. Of the available camera technology options, these cameras possess the best colour range.
Compared to digital storage media, silver based films have a more lasting storage medium which is readily available.

Advantages Of Silver Based Films
1.They have a high resolution quality that gives a sharp image. The small sized silver crystals are the ones that give the cameras this high resolution.
2.The films are readily available and are manufactured by many reputable companies.

Disadvantages Of Silver Based Films
1.The films require separate processing and printing facilities.
2.They use up a lot of time in processing.
3.Processing this films produces environmentally hazardous byproducts.
4.The film needs a lot of care in handling before it is processed. This is because exposure to  humidity and temperature destroys the content.
5.The images taken can not be viewed immediately like in digital cameras, unless an instant film was used.
6.They do not have provisions for editing the images taken hence all faults are processed with the images.



Posted by Caitlyn Diamond at 7:54 AM 0 Comments

Tuesday, September 13, 2011

Gold Crowns

A crown is a form of dental restoration which is used on a tooth or a dental implant. They are used when a cavity develops on a tooth and are applied on the tooth using dental cement. Their purpose is to improve the appearance and strength of a tooth. Different materials are used for making the crowns. Gold is the most common.

Full Gold Crowns
These are the most common gold crowns used by dentists. Though they are called gold crowns, they are made up of a number of elements: the noble metals (gold, platinum and palladium) and the base metals (silver, copper and tin). Gold crowns that have a high noble content are of better quality.

Technique For Making Gold Crowns
Gold crowns are made through a process known as the Lost-wax technique. A dentist takes the impression of the tooth to be replaced, those adjacent and those opposite. The dimensions of the cast crown are then done in three dimensions, that is, the height, width and depth.

The measurements are recorded on an impression material and send to a dental lab. Dental stone or plaster is used to make the models of the tooth. The models are then ditched, died and articulated so that their arches meet properly.

To this tooth analog, known as a die, is applied wax. The wax is carefully moulded to gain the shape and exact dimensions of the tooth being replaced. Before the wax is applied, a die spacer is applied. This helps provide a space between the actual tooth and the gold crown.

A lubricant is also applied to ease in removal  of the wax pattern once preparation is complete. The wax pattern is then invested in a plaster like material. It is then placed in a furnace which burns off all the wax and plastic that was in the wax pattern, hence the name Lost-wax technique. A hollow is left which is known as the investment pattern.

To this hollow is shot pennyweights of melted gold. Once it has cooled, the crown is polished to high shine. Touching up is done at the place of attachment as the dentist checks to see if fits in with the adjacent teeth.

Advantages Of Gold Crowns
•Gold is very strong and resistant to corrosion. It is mostly applied on the back teeth that have biting forces.
•It adapts and fits well as a crown.
•Preparing a tooth for a gold crown is easy as no healthy tooth structure is tampered with.
•It provides longevity in service.

Disadvantage Of  Gold Crowns
Full Gold Crowns have one major disadvantage. This is the fact that they are cosmetic and hence not suitable for front teeth.

Posted by Caitlyn Diamond at 7:56 AM 0 Comments

Sunday, September 11, 2011

The New Gold Rush?

Some people are referring to this period of time as the new “Gold Rush.” Most will agree, the current market has been a golden opportunity for investors, some consumers, but as usual the con artists have jumped on the band wagon as well.

According to KMG Gold, president and founder, Michael Gupton on CJOB 68 radio, “Beware: pay attention to past scams and watch out for new ones that are circulating via email, newspaper advertisements and flashy television commercials.”

If someone really wants to buy gold, don't fall for late-night TV pitches or telephone sales calls that come out of the blue. Think about it: Why would a stranger want to tip you off to a hot gold mine investment?

"If gold is hot, you'll see gold scams," warned Gerri Walsh, vice president for investor education for the Financial Industry Regulatory Authority, the nation's largest independent securities regulator.

Gold futures hit a record $1,923.70 an ounce Tuesday before falling back, a good reminder that this is a volatile investment -- even the legitimate deals.

Many of people have never invested or sold gold and have no idea how to go about such a transaction like this. Scam artists take advantage of the fact that individuals are basically unaware. They see the hype and headlines, plus the knowledge that many investors are turning to gold out of anxiety over wildly swinging stock prices.

Take your time. Do your research and only go with companies that have been in the gold business for a long time.

"If you are going to buy or sell a piece of gold, always buy from a reputable dealer who can provide the verification on the purity and authenticity of the piece," Gupton stated. 

The Financial Industry Regulatory Authority, the nongovernmental regulator for securities firms in the U.S., issued an investor alert recently to warn potential investors about the possibility of getting bit by the latest gold bug.

The North American Securities Administrators Association also listed schemes involving gold and other precious metals in its top 10 investor traps.

In one, a fast-talking promoter tried to raise capital for extraction equipment to reopen a long-dormant gold mine in exchange for a full refund on your investment, plus interest and a stake in the mine.

In another, operators claimed to have special coins or nuggets that they could store or trade for investors in special markets for high profits and returns.

In both cases, investors suffered heavy losses.

Be warned, too, about some gold-related investment scams that pitch stocks supposedly connected to mining or exploration. One false promise could be that a given company's stock is a buyout target for other mining companies.
Posted by Caitlyn Diamond at 6:41 AM 0 Comments

Saturday, September 10, 2011

Fire Assay Process

This is a technique that has been in use for quite a few years. It is used in the analysis of gold and platinum group elements. The process aids in the separation of minerals from ores. It is by far the most common and widely used process in metals analysis.

The science
Whether the application is applied with large or small samples, the procedure is generally the same. It involves addition of a lead based flux that has been added to the test sample. The resulting mixture is then fused at temperatures  of 1650 F. Silver is usually added to this mixture as it helps in the collection of gold. For samples that have trace amounts of gold, the addition of silver collects the traces therefore enhancing gold collection.

The material obtained from the fusion is poured onto a mould and cools into a lead button. This contains all the precious metal that was in the sample. A silica glass slag is placed at the bottom of the mould which is removed later.

The next step is the separation of the precious metal from lead. This is done through a process known as cupellation. It uses a porous crucible known as a cupel which is made of magnesium oxide and bone ash. Heating the cupel and the lead button in the same furnace leads to oxidation of the lead. It is absorbed into the cupel, leaving only the precious metal which has may have traces of silver.

The addition of nitric acid separates the gold from silver. This possible because silver is soluble in acid. The gold then undergoes a procedure known as gravimetric finish, which is the determination of the golds’ original grade. However, the gravimetric finish is only applicable on large gold samples. For gold that has small particles, they are dissolved in hydrochloric acid and the resulting concentrate measured using AAS.

For platinum group elements, the final measurements, unlike for gold, are done using ICP.
Advantages of fire assay
Fire assay can be used on samples that have tiny particles.
Factors within the precious metals make the method viable. These are:
a)The solubility of these metals in molten metallic lead and insolubility in other molten metals.
b)The metals are easily separated from the lead.

Fire assay is the most accurate method of assaying precious metals and is widely used by refiners. Though it is time consuming and labour intensive, it is the best method for assaying. However, caution must be observed in the process to avoid accidents. It is mostly commonly used by professionals but individuals can do the test for themselves by apply strict guidelines to ensure the right results are obtained.
Posted by Caitlyn Diamond at 9:56 AM 0 Comments

Friday, September 09, 2011

UBS Lifts 2012 Gold-Price Outlook by 50% to $2,075

According to UBS, the “ongoing global macroeconomic disappointments” has allowed them to boost its 2012 gold-price forecast by 50 percent. The metal will average $2,075 an ounce next year, up from an earlier estimate of $1,380, the bank recently stated in a report. Prices will average $1,725 in 2013, compared with a previous forecast of $1,200, UBS analysts led by London-based Edel Tully said.

Bullion has surged 28 percent this year, touching a record $1,923.70 an ounce in New York yesterday, as escalating debt woes in Europe and the U.S. spurred concern that the global economy will falter, lifting demand for haven assets. Gold is in the 11th year of a bull market as record-low U.S. borrowing costs boosted demand for an inflation hedge.

“The maintenance of U.S. rates close to zero means that gold is not in competition with assets that offer yield,” UBS said. “Economic growth expectations globally are declining, high debt burdens in Europe will continue to hamper growth, and the risk of a U.S. recession is rising. All of these factors are individually positive for gold. Taken together, they are a potentially explosive cocktail.”

Federal Reserve Bank of Chicago President Charles Evans said that the central bank should move “aggressively” to reduce unemployment and “seriously consider” further stimulus measures. The Fed has pledged to hold rates low for about two years. Unemployment has remained at around 9 percent or higher since April 2009.

Gold futures for December delivery fell $55.70, or 3 percent, to settle at $1,817.60 on the Comex in New York.

The metal will be “increasingly used as the line of defense against additional negative market outcomes,” UBS said. “Money will likely flow into the gold market over the months ahead and into 2012, and this should have significant price implications.”

Posted by Caitlyn Diamond at 10:58 AM 0 Comments

Thursday, September 08, 2011

Silver - The Perfect Alternative

The price of silver has been closely tracking that of gold during the precious metal’s bull run lately. Silver’s role as a precious metal has, at times has avoided any price negative news that has affected the other industrial commodities.

Silver benefits from gold’s rising prices largely because investors, whether in the paper or the physical markets, view it as an attractive leveraged play on gold. Silver offers exposure to the rising demand for safe haven assets at a cheaper price, sometimes earning it the title of “poor man’s gold.”

Of course, choosing silver as an alternative to gold has its risks, especially since the white metal isn’t entirely a precious metal. Silver’s price movements can be heavily impacted by favourable or unfavourable market sentiments regarding the health of the industrial sector, making the silver market highly volatile and prone to large swings in prices.

“Regardless of what happens, silver is still silver,” says Michael \Gupton of KMG Gold in Winnipeg. “It is considered both a precious metal with monetary overtones and also an industrial metal – two positive traits that affect its value.”

Worth the risk?

In spite of the risks, many people still find silver an attractive investment as it has the potential to bring far greater return on investment. The return on investment for silver can surpass gold as price movements over the last year have shown. From August 31, 2010, the price of silver year-over-year gained 115 percent compared to 47 percent for gold; meaning, that one hundred ounces of gold you bought last year for $124,770 made you $57,750 if you sold it one year later. However, you could have put that $124K all into silver and made nearly $143K for a total return of 147 percent more than your return on gold.

Over this next year, analysts expect gold prices to reach even higher and for silver to continue outperforming gold. “When we look at gold versus silver, we feel that silver prices could enjoy more of a gain over the next year or so." stated Gupton. 
Posted by Caitlyn Diamond at 10:36 AM 0 Comments

Wednesday, September 07, 2011

If you’re looking for bubbles, don’t look at gold coins

Of all asset classes in today’s markets, gold is unique. And for a number of reasons.

Firstly it acts as a long-term hedge and a short-term flight to safety instrument against virtually all other asset classes. Secondly, it supports a wide range of instruments, including physical delivery (bullions, coins and jewellery), gold-linked legal tender, gold-based savings accounts, plain vanilla and synthetic ETFs, derivatives and producers-linked equities and funds. All of these are subject to diverse behavioural drivers of demand. Thirdly, gold is psychologically and analytically divisive, with media coverage oscillating between those who see gold as either a long-term risk management tool, or a speculative “bubble”.

In the latter context, it is interesting to look closer at the less-publicized instrument -- gold coins, traditionally held by retail investors as portable units to store wealth. Due to this, plus demand from collectors, gold coins are less liquid and represent more of a pure ‘store of value’ than a speculative instrument.

Classical bubbles arise when speculative motives (bets on continued accelerating price appreciation) exceed fundamentals-driven motives for holding gold. In later stages of the “bubble”, we should, therefore, expect demand for gold coins to fall compared to the demand for financially instrumented gold.
The U.S. Mint data on sales of gold coins suggests that we are not in the last days of the “bubble”. But there are warning signs to watch into the future.

August sales by the U.S. Mint were up a whooping 170 per cent year on year in terms of total number of coins sold, while the weight of coins sold is up 194 per cent. On the surface, this gives some support to the theory of gold becoming overbought by retail investors. However, monthly comparatives reflect a huge degree of volatility in U.S. Mint sales and August results comfortably fit within statistical normals for the crisis period since January, 2008. August results also fall within the historical mean (1987 through Monday).

At 112,000 oz of gold coins sold, August, 2011 is only the 19th busiest month in sales since January, 2008. Since 1988 there were 87 months in which average gold content per coin sold by the U.S. Mint exceeded the August, 2011 average and on 38 occasions, volumes of gold sold exceeded last month’s. In other words, current gold coinage sales do not represent a dramatic uptick in demand.
Posted by Caitlyn Diamond at 11:50 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

Friday, August 19, 2011

Toronto Gold Buyer

KMG gold, is the best Toronto Gold Buyer who provides you the best price for your gold, silver, platinum and other precious metal scrap you might want to sell. You can send your gold via the Toronto gold shipping outlet or you can walk-in to KMG gold office near your place with due appointments if it is within your traveling convenience.

KMG gold offering buying services for Toronto Gold sellers accept refining and cash lots for gold, silver, platinum, palladium, Rhodium in any quantity and in any karat value.

If you want to sell your scrap pieces of precious metals in Toronto, whether it is
• Selling Gold and silver in Toronto
• Selling Platinum in Toronto
• Selling Palladium in Toronto
• Selling Rhodium in Toronto

KMG gold is the best Toronto gold and silver buyer who as well buys other precious metals.

If you are a Toronto resident looking to buy gold in Toronto to invest in gold you should primarily decide whether you want to invest in physical gold or invest in gold products. Similarly if you want to sell gold in Toronto you want to deal with the gold buyer in Toronto offering you the best price. While all this is in mind, you might have specific products of gold you have to sell and it might fit in to the following search keywords for those based in Toronto for local searches accordingly, if you are looking for a local gold buyer:

Since local gold buyers in Toronto also serve to buy your platinum, silver, palladium rhodium and other ingots you might be interested to know.
Posted by Caitlyn Diamond at 9:29 AM 0 Comments

Saturday, February 05, 2011

Investing in Gold

As you well know the price of gold has skyrocketed in the last several months. At the time of this article gold prices are well over $1000.00 for one gold bullion. Gold coins are also going up in price matching the rate of the gold bullion. Not only has gold skyrocketed but the price of silver and copper have increased as well. Local media has covered many news stores featuring copper being stolen off of work sites.

Why has gold investment increased?

This element is resistant to other chemicals. Although it an be shaped easily it never looses its shiny luster. One of the draws to gold investing rather than stock investing is that gold lasts forever! It will always retain its value. Historically gold values have gone up when the economy gets worse. Gold is sort of insurance in case of a currency crisis.

People are always looking for something tangible to hold rather than intangible stocks. And now, with the economy in a crunch, gold is demand more that ever.
I know you have seen the commercials that entice you to trade in your gold for cash. The show Gold Rush on Discovery is also reaching popularity.
Now you know why the gold investment is even more popular. Here are some tips on how you can invest in gold. When buying gold there are several different ways you can do it. You can buy gold coins to bring home. You can do this by purchasing form collectors or dealer or auction houses. You can also buy gold over the stock exchange.

What to look or when buying gold coins

First look to see what type of gold coin it is. Also take in consideration size or weight of the coin. You want to be aware of the finesss of the gold. Not all gold coins are pure gold. Sometimes other metals are mixed in to make the coin more durable. Gold coins are typically 917 parts gold per 1000. Of course you would want to consider price. Most gold is bought at spot price, the price you pay at time of purchase. Usually this price is a little higher due to it including taxes and other fees.

When looking at purchasing bullion bars most individuals purchase 10 mg to 110mg bars. Bullion bars can be bought in larger sizes depending upon how big your wallet is!

You can hold gold through escrow meaning you can hold the rights to it without holding it in your possession. There are some sites online that allow you to purchase gold like this. Exchange traded funds is along the same lines as escrow. When you purchase gold this way you get a certificate stating you have hold over gold stored in a bank.

Advice on Buying Gold

When looking around for advice on how to buy gold, I came across an obvious piece of information. Buy in the cheapest form. What does this mean? Usually this means buying gold bars. Gold bars come in 12.5 kilo bars. This option is mostly for the larger investor. The biggest downfall of purchasing gold bars it that the bars cannot be split!

You can also purchase gold in two types of coins, Krugergands and Gold Sovereigns. Gold Sovereign coins are more historically oriented therefore costing more and Krugergands are a cheaper way to purchase gold. Other advice includes buying within your means and buy when gold is at it's cheapest. Also take into consideration percentage premium. That is consider the percentage of gold in the content and the selling price.
Where can you buy gold on line

Be sure to not be taken in by phony claims. A while back there was a company advertising in a clever way to purchase their gold. They put out an article about how thousands of people were getting a free safe with their purchase of 300 dollars worth of gold coins. The article complete with picture was really an advertisement. Many people mistook it for a sincere article and fell for it. They did receive their gold coins, but they were gold plated coins! The company had the name Federal Reserve in it, however it was misleading too.
The Gold Standard

On CNN Money.com Congressman Ron Paul was interviewed concerning the Gold Standard. Ron Paul, a Congressman from Texas is slated to oversee the Federal Reserve. He believes paper money is going to be a thing of the past. He states "People will start using gold as money, shift some of their paper assets into gold. Purchasing power of gold goes up and it will go up in all currencies, even though there may be minor fluctuations where the yen may do better than the euro – that sort of thing." He believes people have lost their confidence in the paper dollar and they want something of real value. Gold has been used as currency for over 6000 years, why not now?

Now you have some idea about how gold is bought and why it has become so popular. If you believe gold is an investment for you check out the links below to check on gold prices or to sell your gold with KMG.

kmggold.ca
kmggold.com
Posted by Mike Gupton at 12:00 AM 0 Comments