Gold Refining

Gold is usually found in mining and excavation projects that turn up the precious metal in nuggets or forms of rock ore with gold mineral (and silver for substance). Gold in its natural form however is unable to be used in production for modern day products. Investments, jewelry, hardware, and electronics, all of which gold is used for, require gold to be in a “refined” form for proper use. There are two main forms of gold refining, the Wohlwill process, and the Miller process.

Wohlwill Process- the Wohlwill process of refining results in high quality gold, but is complex to produce and is usually only involved in small scale operations. This process was invented in 1874 by Emil Wohlwill. The Wohlwill process works by dissolving gold and other metals using a cast-electric process and plating the pure gold alone on a gold cathode. When the metals are dissolved and the gold separated, the cathode is removed and melted to be made ready for use. This process results in 99.999% pure gold melting, and is used for refining in materials such as jewelry, which set standards for the purity of their gold use.

Miller Process- the Miller Process is a chemical procedure involving chlorine gas that produces gold to a 99.95% high degree of quality. Though slightly less pure than the Wohlwill process, the Miller process still produces a extremely high quality of gold and is used in situations where the exact 99.999% purity level of gold is not required or mandated. The process is especially popular for gold use in electronics, where the Miller process benefits by producing gold at high quality and more relative ease then the Wohlwill, as well as quicker turnaround times.

Selling Gold Profitable Means For Cash

CNN reported this week about how jewelers are profiting from customers selling gold….

Citing All That Glitters Jewelry and Loans in Portland, Oregon where people are more than willing to sell their heirlooms and gold for cash.
The shop owner has said that at one point in time, people were far more unwilling to part with their belongings. Now, customers are hocking their old gold and jewelry to pay their bills.

Many Americans are willing to sell gold to survive in the struggling economy. As a result, online sites, like Cash4Gold are booming. Cash4Gold is paying top dollar as gold prices increase amidst the global credit crisis.

Due to the economic situation, precious metal values are encouraging. Most jewelers buying gold have seen business up by 25%

Deal directly with the refiner and get more Cash4Gold! Visit our website at www.cash4gold.com for more information and to see the prices we pay for your gold!

Gold slips on dollar rise, but oil supports

Gold prices dipped lower as the dollar rose from its one month low. Spot silver and other precious metals followed gold's lead.

"Gold is not showing any particular propensity to move either way at the moment. There's some key economic data out this week which will have an influence on gold's direction," said Daniel Hynes, metals strategist at Merrill Lynch. "Until we get a better feel of the short term outlook, it's going to be rangebound. Gold has really struggled to push above the $925 mark and when it has, it's been sold off pretty well."

The euro's one-month high against the dollar has also slipped, a sign of consumer concerns that the euro zone economy is beginning to show cracks. Investors are also awaiting new data this week from the Federal Reserve expecting a clearer picture of the US economy. However, the rise in oil prices due to North Sea production issues and a Nigerian pipeline explosion are keeping fears of inflation high and have halted falling gold bullion prices.

"Volatility looks set to remain high in the coming days, with the dollar and oil to continue providing much of the metals intra-day direction," James Moore, analyst at TheBullionDesk.com said in a report.

Do you wonder where your gold jewelry and gold scrap go when you send it to us? Our refinery

is one of the largest and most respected in the United States.