How to Find the Cheapest Scrap Platinum

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The oldest record of platinum use is as an inlay in ancient Egypt. However, the Egyptians though it was a variation of electrum, (a natural blend of gold and silver.) Native Americans used it for centuries in small decorative objects. Platinum was unknown to Europeans until Spanish discovered it in Columbia. The Spanish called it platina, meaning little silver. It was not identified as a new metal until the 1700’s. The metal was introduced into Europe from South America in the middle of the eighteenth century. It is always found in association with other metals, chiefly Rhodium, Osmium, Iridium, Palladium.

Platinum is one of the rarest and purest precious metals in the world. The perfect jewelry material for these fortuitous times, Platinum is regarded by many as a “new” metal. Platinum has been held in high regard as a symbol of wealth and nobility, the true worth of Platinum was underappreciated until the eighteenth century, when the Europeans began to recognize Platinum’s beauty. As a matter of fact, France’s Louis XVI proclaimed it the only metal fit for royalty. Legendary jewelers such as Cartier, Faberge and Tiffany created their timeless designs in platinum. The world’s famous diamonds, including the Hope and Koh-l-Noor, are secured permanently in platinum.

Platinum reached its peak of popularity in the early 1900s, when it was the preferred metal for all fine jewelry in America. It dominated the world of jewelry design during the Edwardian era, the Art Deco period and well into the 1930s. At the onset of World War II, however, the U.S. government declared platinum a ‘strategic’ metal and its use in non-military applications, including jewelry, was banned.

Very few countries have platinum supplies, with South Africa (80%) and Russia (11%) accounting for approximately 90% of the world’s supply. The yearly production from these mines is only 150 tons, which is 1/25 of the yearly production of gold. Moreover, the amount of platinum that can be produced from raw ore is relatively small. To make a single small ring of approximately 3 grams requires approximately 1 ton of raw ore.

Today, platinum is much more valuable than gold. Although it is used in many industrial applications, including the automotive industry, platinum jewelry consistently commands higher prices than even pure gold because of its rarity.

Two of the best ways to find the cheapest scrap platinum is through catalytic converters and scrap platinum jewelry. Due to the prices of platinum being so high as of late, a lot of people are becoming victims of thieves who steal their catalytic converters. It used to be you had to worry about your rims, stereos and gps systems, well not anymore.

A catalytic converter is used to reduce the toxicity of emissions from an internal combustion engine. They were first introduced on cars in the US market for the 1975 model year to comply with tightening EPA regulations on auto exhaust. Each catalytic converter contains between three and seven grams of platinum. Not a bad catch if you can find one legally. Catalytic converters are also used on generator sets, forklifts, mining equipment, trucks, buses, trains, and other engine-equipped machines.

From the scrap yards, the converters make their way into the metal-recycling industry, where the platinum and other precious elements, including palladium and rhodium, are removed and used to build high-tech machinery, including more catalytic converters.

Although it is being brought to the forefront thanks to thieves stealing the catalytic converters, platinum still seams to be the big unknown in scrap metal. Some great places to find old catalytic converters for scarp are the local junk yards, online classifieds, such as Craiglist, US Freeads and Kiji. Another great place, as usual is Ebay. Some people even find them at flee markets and garage sales. The trick is once you get them, finding refiners that will pay decent scrap metal prices for the platinum. It will be less than what the price of platinum is due to the fact that they have to extract it, that price is passed on to you.

Now there is a second way to find the cheapest scrap platinum and that is through jewelry. Again the best places to find great deals on platinum jewelry is through the flee market and garage sales, followed by Craigslist, Us Freeads, Kiji and Ebay. Or if you are really resourceful you can invest in a metal detector and hope for the best.

What is so great about scrap platinum jewelry? Well, the number of knowledgeable buyers and sellers are low. Most people don’t understand that platinum jewelry is 90% platinum and that the other 10% is made up of a platinum group metal. If you call around to your local pawnshops, scrap metal dealers, junk yards, coins shops, and jewelers, you’ll find that most of them are paying about the same for platinum jewelry as 14k gold and some may pay close to what they pay for 18k gold. They are taking advantage of most of the sellers out there who just don’t understand what they have.

If you find the cheap scrap platinum that you are looking for then your next step is to locate a platinum refiner preferably in your area and get their schedule or purchase prices. Your goal is to locate a refiner who will pay you for the “residual” values in your scrap alloy. The key is that you will need to guarantee that you’ll be providing a minimum of 10 to 12 Troy ounces in order to be paid for all your metal rather than just the 90% platinum.

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Source by Joelyn Pullano

Quickest Ways to Make Money – Make Money Without Physical Labor

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The quickest ways to make money may not at all be what you think. You’re probably thinking about doing something such as mowing grass for the neighbors, raking leaves, and shoveling snow. Although these are great ways to make money in very little time, there are plenty of other ways as well.

First of all, what can you do? What are you good at? Think in terms of what you can do on a computer because, really, you want to be able to use your existing skills to do something from home. That’s everyone’s dream, right? Of course it is!

So check out Craigslist and some of the freelance job boards. Now, freelance job boards don’t consist of just freelance writing jobs. You will also find data entry and various clerical jobs. You may even find positions as a virtual assistant.

Basically, you can have the work done in a matter of days and have your money in your hand not long after that. It is rather quick. The quicker you do the work, the faster you’ll have the money. It is as simple as that. So don’t do the physical labor if you don’t have to. That’s unless you like it. If you like it, go for it.

Heck, you can mow the neighbor’s grass for $20 and then come home and do some freelance work for someone. You don’t have to do just one thing at a time. You can do several things to make the money that you need and you can make it quick. You can also have fun doing it.

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Source by Perry Webbing

5 Top Tips To Pick The Best Forex Trading Signals

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Forex trading signal providers send alerts to traders with specific entry and exit specifications for potential trade opportunities. They send alerts when the market conditions are right for a trader to be entered into.

For technical analyst signal providers, trading styles may vary from short-term 5 minute charts to longer term 4 hour or daily charts. Other signal providers may be strictly news based fundamental analysts or a combination of both fundamental and technical.

Trading signals can be very useful for traders when it comes to identifying potential profiting opportunities in the markets which they otherwise may have missed.

Here are 5 top tips to pick the best Forex trading signals.

Tip one: Select one that gives you signals in time

Many currency trading signals can be very effective and can help you to make consistent profits from the markets. Nevertheless, you have to make certain that they can deliver their trading signals punctually since timing is crucial for currency trading. Always remember that their timing will be highly impacted by the way they deliver the signal to you – for example, emails may take longer to reach you than pop alerts.

Tip two: Providers who offer several ways to get your signals

Another important thing to consider is the method by which your Forex trading signals provider will deliver the trading signals to you. If you cannot commit to spending all day at your computer, you may prefer to get your alerts via your mobile phone rather than via email. Similarly, if you are on your computer for most of the day, you may be better off receiving you alerts as a pop up notification or email. Be sure that the provider that you pick fits your trading needs and lifestyle.

Tip three: Check the performance of the provider

Make sure they post their current and past performance online with complete trade details from entry price to exit. Also, use them for a minimum of one to two months with a free demo trading account to test the validity and success rate of the signals your receive. If everything looks good and their trade reporting matches yours and you are profitable, then at that time make the switch to a live account.

Tip four: Find out about who the signal providers are

This one is a must. You’ll need to be able to learn about the traders and the company behind the Forex trading signals you decide to use. Why? Because as far as you know the person behind a site could be a 16-year-old geek living in his mom’s basement (nothing wrong with living in your mom’s basement, but this may not be the kind of person you want to trust with you money and trading career.)

Tip five: Sign up for just a month first

Choosing the best currency trading signal software requires a good amount of research, comprehension of your trading needs, and quite often it just requires you to look around and sign up for a 1 month subscription to a Forex trading signals provider.

This way, you can test the signals you receive, work out what type of delivery method works best for you and see if you wish to continue using the alerts for future trades.

While Forex trading signals can help you find good entry and exit points for your trades, they are never 100% accurate. This is why it is important that you try a few providers out first to see which ones work out best for you and your trading style – using the tips above should help you to do this.

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Source by Alberto Pau