7 Crucial Questions You Must Ask Your Precious Metals Refiner

Do you know how to choose the right precious metals refiner for your scrap and waste metal products? This is an important decision, and it can have an impact on both the size of your return and the safeguarding of your precious metal assets. Regardless of who you ultimately choose to work with, the more information you have, the better your overall business relationship will be. With that in mind, we have come up with the: 7 most crucial questions that you should ask before choosing a precious metals refiner   Question #1: From start to finish, how long will the refining process take? The refining process for precious metals can take anywhere from several days to several weeks to complete – it all depends on the material being handled. High purity karat gold and scrap silver can be processed much more quickly than low-grade sweeps or electronic circuit boards. Platinum and Palladium often take much longer due to the complex nature of those elements. Recovery of metals from nonmetallic materials also require a longer processing period as there is more preparation that has to be done, such as incineration or chemical dissolution. The quicker the turn around time, the sooner you will get paid. However, faster doesn’t always mean better. A refinery that offers “same day service” may ultimately be taking shortcuts that are not in your best financial interests. Question #2: What fees are you charging me? You must have a full understanding of each and every charge related to your refining lot – and always get everything in writing. The complexities of dealing with different types of materials means there will often...