5 Lessons Learned: Businesses

Essentials Questions when Choosing Accredited Gold Refiners.

Just because the gold you have is not unrefined does not mean it is not valuable. In the event that you have been gifted or bought unrefined gold, you can find someone to do the refining for you. You should not be letting someone you cannot trust handle the process. Even though you have the names of accredited gold refiners at hand, there are questions you have to ask yourself before deciding on who to settle for. It is crucial to talk about the refining time with the professional before you sign the contract. You should be expecting a time that is between days and weeks. If the purity levels are high then the refining time should not be long. Also, be careful about people who promise to do the work in a day because there is a high possibility that they are taking shortcuts. The fee might be too high if you are not careful. Ask about every charge that goes into the bill before you agree to the process. Do not take word-of-mouth when it comes to refining because if it is written, it can be used as evidence anywhere. You should not rush into flat fee deals because they might blow up on your face.

You should get an explanation on whether it is the material you take for refining that will be worked on and submitted back to you. This is not usually the case in most situations. The refiners will do a sampling of what you have submitted to them, assay determination and then settlement after which the unrefined gold will be combined with others and processed. Even so, these refiners will already have precise information on how much of pure gold you should be able to get after the refining process so that they can deliver that at the end of the day. There is no question of whether or not you will get a pure product but you should not expect it to be strictly from what you delivered.

Unrefined gold value varies from one batch to another. This means you ought to inquire about the methods used in determining the value. For gold, the standard method for use in value determination is the cupellation also known as fire assay. Gold is highly valuable which is why you need the assay determination to be done by more than one person just to be sure. It does not mean you do not trust the refiner and if he or she is a good business person he should understand the reason for this. In case of assay results which do not match, you ought to know how such a conflict is resolved.