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09/28/2023 9:45 PM     Current Market Spot Prices:     Gold:  $1,865.93/ozt   Silver:  $22.86/ozt   Platinum:  $932.40/ozt   Palladium:  $1,313.86/ozt  

Friday, February 20, 2015

Sorry GOLD RUSH, Gold Nuggets Walk In Door At KMG Gold

Our apologies to the cast of Gold Rush. The gold nuggets simply walk in the door here at KMG Gold Recycling. Customers regularly bring in gold nuggets they mined in the north west, or they found an old aspirin bottle full of gold in the basement left there from old Grandpa Joe.
Gold nuggets, or placer gold, made by Mother Nature, contrary to popular belief, are typically 75%-85% pure gold, with some silver, copper, and iron. Pure gold is made and refined by man, not Mother Nature.
Gold Nuggets at KMG Gold Recycling
These gold nuggets were shipped to us by a long time customer from Western Canada. He ships us around 500 grams every few months, which is about 16 troy ounces. At an average purity of 80% pure gold, he gets paid for about 12.8 troy ounces of pure gold. Thats more than $15,000. And we didn't have to mine it. Heck, we didn't even break a sweat... KMG Gold Recycling

Posted by Mike Gupton at 12:56 PM 0 Comments