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Friday, September 15, 2017

KMG Gold Recycling Finds New Home, Opens Third Location In Winnipeg

September 15, 2017. Winnipeg MB Canada
KMG Gold Recycling has found a new home and head office at 1220 Pembina Hwy in Winnipeg Manitoba Canada. 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.
This news comes on the heels of the announcement that KMG will be opening a new gold buying outlet at 1514 Regent Av W, in Transcona, a suburb of Winnipeg.
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 will very soon have 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 6:09 PM 0 Comments

Thursday, April 28, 2011

Best Way to Buy Silver

KMG Gold Recycling 
Thursday April 28, 2011:

One way to buy silver for investment and to conserve assets is actually by buying silver rounds. With the value of silver on the rise, this is a very wise thing to look at.

Mint coins are probably the most expensive way to buy silver. There is a premium or mark up over the spot price of silver and it can take some time to make up this additional cost. In terms of a return on investment it is not very fruitful.

Bars are better, especially the larger bars, where the premium is substantially less. If you are interested in silver purely as an investment, then certificates or exchange traded funds are another way to go. The cost of purchase and redeeming the silver is less and are a better proposition in terms of investment as you do not have to take delivery, store and on sell the silver yourself. It is all done through paperwork essentially.

However the drawback here is the tax considerations as these are considered an investment and virtually all investments incurs a capital gains tax and possibly other taxes as well as they are considered investment rather than collecting silver as a hobby.

But if you like the idea of coins and bars and enjoy it more as a hobby than as a serious investment then there are many delightful coins to collect and, over time, you are still likely to improve your asset holding in silver as the value continues to increase. KMG Gold Recycling

If you are collecting coins then some of the best are the American Silver Eagle for example where the coin is pure silver. The American Silver Eagle is established as legal tender of course but the face value does not match the silver content. The Territorial Mint in the US also produces silver rounds with a low premium as well.

If you are buying silver bars at an auction, such as eBay.com for example, then it is a good idea to stay the smaller one and 10 ounce bars. The 100 ounce bars can easily be counterfeit by drilling holes in the side, filling the bar with lead and covering up with silver again and these are almost undetectable without cutting the bar in half.. With the smaller bars this is not a worth while activity so holding a dozen or so 10 ounce bars is preferable to holding one 100 ounce bar

Buying silver bars from a mint is a different thing of course. You get a certificate and the bar is sealed in its own protective plastic capsule and this should be unbroken when you get it and should remain so throughout the bars life.

Pure silver products 999 percent fine are produced by Mints around the world with 1 ounce coins and bars ranging from 1 to 1000 troy ounces. All the coins should be hallmarked with the purity and weight of the coin.

To buy silver can be a great hobby as well as a excellent long term investment. Silver was it its hey day during the 80s and dropped heavily over the subsequent year but now is making a big come back as there is a general shortage of silver world wide and the use of it increasing. Silver is now on a rising trend, so having some information about the best way to buy silver is a good idea indeed. KMG Gold Recycling
Posted by Mike Gupton at 6:00 PM 0 Comments

Monday, January 10, 2011

Interesting Silver Facts

Silver Uses
/faq-kmg-silver.cfm
Silver has many unique properties including its strength, malleability, ductility, electrical and thermal conductivity, sensitivity to light and high reflectance of light. It also has the ability to endure extreme temperature ranges. These unique properties make silver extremely useful in a number of applications.
In 2007, 455.5 million ounces of silver were used for industrial applications, while over 128 million ounces of silver were used in photography, 163.4 million ounces were consumed in the jewelry market, and 58.8 million ounces were used in the silverware market.

Coinage

Silver has been used as a medium of exchange since earliest recorded history, but silver coins were first used in the eastern Mediterranean during 550 BC. By 269 BC, the Roman Empire adopted silver as part of its standard coinage and it was used throughout the trading world.
Until the late 19th century, most nations were on a silver standard with silver coins forming the main circulating currency. Although gold was also used in coinage, its higher value was not practical for everyday payments.

Jewelry

Silver jewellery is highly prized for its brilliant lustre and its ease of fabrication, properties that it shares with gold. Pure silver is tarnish resistant, but too soft for use in jewellery. It is often alloyed with other metals, such as copper, to harden it. For example, sterling silver is 92.5 percent silver and 7.5 percent copper.

Silverware and Table Settings

The same properties that make silver ideal for jewelry, such as its reflective brilliance and tarnish resistance, also make it ideal for use in silverware. Silver is often alloyed with copper for use as cutlery, bowls and decorative items such as picture frames.
Sterling silver has been the standard for silverware since the 14th century. Some less-expensive tableware is plated with a silver coating of 20 to 30 microns thick.

Silver is a Precious Metal

Silver is relatively scarce, however, it is the most plentiful and least expensive of the precious metals. Precious metals are valued for their beauty, superior properties and relative scarcity in the Earth’s. Silver is symbol of status and wealth and is one of the most sought after of all the precious metals.

Posted by Mike Gupton at 5:39 PM 0 Comments