KMG Gold Recycling USA KMG Gold Recycling Canada
10/27/2023 9:30 AM     Current Market Spot Prices:     Gold:  $1,984.26/ozt   Silver:  $22.89/ozt   Platinum:  $926.20/ozt   Palladium:  $1,168.05/ozt  

Monday, October 25, 2010

Missing Jewelry - Guelph Ontario

We received an email from a woman in Guelph Ontario who is trying to find her missing jewelery.

The following items are missing:

- Yellow gold wishbone necklace with a gold rope 16 inch chain
- White gold tanzanite ring, oval cut with 3 diamond baguettes on either side (size 6)
- Yellow gold heart locket with a diamond chip in the center, on a chain
- White gold heart key necklace with diamonds around the heart on a 17 inch chain
- Yellow gold "fleur de lis" key necklace with chain, as well as matching earrings
- White gold pink topaz ring (cushion cut pink topaz with diamonds around it) approx size 5.5
- Various yellow gold earrings (heart hoops and small thick hoops with a snap-back closing), white gold rectangular hoops
- White gold men's wedding band- plain approx size 9.5

The engagement ring was the most meaningful piece that is missing. It was a solitaire diamond in a white gold setting with a "ridge" in a ski-tip shaped band. It also came with a matching wedding band that curved to fit against the ring.

Please contact KMG Gold Recycling at 877-468-2220 or if you have seen any of these items.

Posted by Mike Gupton at 7:33 PM 0 Comments

Monday, October 25, 2010

Why KMG Merits Being a Torch Award Winner

Key reasons why KMG Gold Recycling, "North America's Only Honest Gold Buyer", merits winning a BBB Torch Award:

Educating our customers and the public regarding recycling precious metals has always been a key component in our marketing and communication strategies.

As demonstrated by our extensive web site which offers over 50 pages of valuable information on precious metal recycling, the jewelry and diamond industries. In an industry strife with shams and scams, KMG has always striven to provide open, transparent, and comprehensive communication and knowledge to our customers so they can make informed decisions about recycling their precious metal.

KMG has always delivered full disclosure on the value of precious metal, our prices paid, our method of analysis, and our methods of settlement. KMG advertised pay out rates are over 600% higher than our major competitor from Florida. These facts separate KMG from the myriad of gold buyers that have popped up over the last three years.

During our three years in business, we have consistently delivered honesty and integrity to all of our customers and resolved any unsatisfied customer issues using open and transparent communication with a sincere desire to see that the customer receives the most money for their metal.

Posted by Mike Gupton at 4:48 PM 0 Comments

Monday, October 25, 2010

KMG Gold, Canada’s Largest Gold Buyer Wins BBB Torch Award – Demonstrating Ethics & Integrity

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KMG Gold Recycling wins 2010 Better Business Bureau Torch Award for Marketplace Excellence. BBB Torch Awards showcase businesses that build trust, advertise honestly, tell the truth, remain transparent, honour their promises, and display integrity in all of their marketplace activities.

BBB Torch Award Winner(PRWEB) October 18, 2010 -- KMG Environmental Inc. wins BBB Torch Award for Marketplace Excellence at the Better Business Bureau of Manitoba and North-Western Ontario inaugural Torch Awards gala held October 14th.

KMG Gold Recycling recycles gold, silver, platinum, palladium, and rhodium as well as diamonds.

KMG Environmental Inc. which operates KMG Gold Recycling, was presented the prestigious Marketplace Excellence award, in recognition of their ongoing dedication to high business standards, ethics, integrity, honesty, transparency, and excellent customer service.

Mike Gupton, KMG Gold’s CEO, says “This is a big win for us. It means a lot to be recognized for integrity in our field – the gold buying industry is very competitive.” Gupton added that KMG Gold’s strong belief in encouraging trust and knowledge in its customers has been a big part of their success, and would continue to be their prime focus.

KMG Gold Recycling. Recycled gold barKMG Gold leads the gold buying industry by making detailed information about precious metals, the current gold buying market environment, and other helpful tips for gold buyers and gold sellers available on their website

For more information on KMG, visit or call 1.877.468.2220.

Media Contacts: Michael Gupton, President, KMG Environmental Inc., 604.836.6209
To contact the Better Business Bureau, visit or call 204.989.9010

Posted by Mike Gupton at 4:24 PM 0 Comments

Saturday, October 16, 2010

KMG Gold, Better Business Bureau 2010 Torch Award Winner!

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

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

KMG Environmental Inc. which runs and owns KMG Gold Recycling won the prestigious award at Thursday nights, October 14, 2010 inaugural gala event.

Posted by Mike Gupton at 3:15 PM 0 Comments

Tuesday, October 12, 2010

Gold Buyers Advertise Pie-In-The-Sky Pay Out Rates

I wrote the following in response to a long term customer who is a large volume gold party hostess in Atlantic Canada. Some Toronto area gold buyer contacted her offering very high rates for her gold. Rates that seemed to good to be true.

"Dear Helen,
You have to be very careful when gold buyers phone you with pie-in-the-sky numbers for their pay out rates.
If their rates seem to good to be true, then they probably are false. If they claim to pay that much, then they are going to charge you fees.
Gold Experts, for example, advertises rates that are 105% of market price. This is impossible. It is false and misleading. No business can buy gold at 5% more than its worth. It's a marketing gimmick that tricks people.

Gold buyers from Florida call all the time and offer unbelievable rates, rates that cannot be possible, rates that are lies.

There are two Toronto gold buyers that I know of that claim super high rates and zero fees. Then their customers come back to me and say, "Yup, they charged me fees that they didn't tell me about". $125 here and $125 there, $75 assessment fee, $50 handling fee... it all adds up. They are all marketing gimmicks. They work though, and combined with their huge advertising budget, they get a lot of business.

KMG Gold Recycling does not have marketing gimmicks. We are completely 100% transparent in every transaction. No surprises, no hidden fees. We find out this Thursday is we are winners of a Better Business Bureau Torch award. We were chosen as a finalist for the award last week. This award is for being open, honest, transparent, telling the truth, and demonstrating integrity and ethics in the marketplace.

KMG cannot speculate on the purity of scrap gold and charge no fees in addition to paying out 90% of market price.
As you know, KMG pays out more for items with a published purity. Maple Leaf coins, Canadian and US silver coins, gold and silver bars etc.
The speculation on purity is removed on these items.

Scrap jewellery, once melted, is typically 5-7% lower in purity than the hallmarks indicate.

We have two methods of recycling precious metals. Cash Lots, and Refining Lots.

You guys have been selling as "Cash Lots". We buy the metal, no fees. Immediate payments. We do the speculation on the purity and on market fluctuations. We pay out 90% to our dealers.
Refining lots may be better suited to you guys. It all depends on your cash flow situation. Refining lots pay out 98% of market value for gold and 95% on silver.
The whole process takes about 7-10 days. All of your gold is melted in one pot - NO sorting. We melt it all. Assay samples are sent out for independent analysis. Then, when the assay results come back, you can sell your metal on the market, or leave any or all of it in your pool account for sale at any time.
Refining lot fee schedule has been attached.

Our refining lot pay out rates are the Canadian standard rate. All of the "real" Canadian refineries pay out 98%. If anyone claims to pay more, they are using x-ray fluorescence technology and skimming 2% off the purity values.

Refining lots - YOU do the speculation on the purity and the market prices and YOU pay the refining costs. That's why you get 98% instead of 90%.

Refining lots will ALWAYS make you more money than a cash lot for lots above ~200 grams. You guys are way above that volume of gold.

So, if you want more money, and have a week to 10 days to get the assay results, refining your gold will make you more money than selling it as a "Cash Lot".

Michael Gupton, President, KMG Gold Recycling "

For more information on refining your precious metal instead of selling it, for 98% of market price, visit:

Posted by Mike Gupton at 8:33 AM 0 Comments

Sunday, October 10, 2010

Stolen Jewellery Alert

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This came from a customer in the Toronto area. Gold buyers, pawn brokers, and jewelers, please take the time to be on the look out for these items.
KMG Gold Recycling will always help individuals who have been victims of theft or fraud.

"My wife's engagement and wedding rings went missing last weekend. We think it is likely that they were stolen, and we would really like to get them back. If anyone is offered these rings, we would be very happy if you would acquire them at your market rates, and in addition to repaying for your cost and your time, we are prepared to offer a significant reward for their return. These rings mean a lot to us and we would very much like to have them back.

The rings are in platinum. The engagement band has three sapphires and two diamonds, while the wedding band has about 15 small diamonds set into the band. You can see a picture of the rings by following the link below:

Stolen Platinum Rings - Toronto Area

I am reachable anytime at 877-468-2220. If you have seen these rings in the last week or see them anytime in the future, please call. Thank you very much for your help."
Posted by Mike Gupton at 12:00 AM 0 Comments