Help the environment and recycle your unwanted gold. With the gold market price being the highest it has been in over thirty (30) years, it has made it very lucrative for consumers to sell their unwanted scrap gold jewellery to receive the highest possible payout. It has also made it very lucrative for mining companies to increase their efforts to mine more precious metals. The increase in gold mining production increases the environmental impact caused by the processes of locating and extracting raw gold alloy from the earth.

It is estimated that gold mining efforts achieve between 8 to 12 grams of gold per ton of material excavated. To give you a visual indication, raw earth the size of a small compact car needs to be excavated and processed with chemicals that are harmful to the environment in order to produce about three (3) small ladies rings. Gold mining is the single highest pollution causing activity according to the Environmental Protection Agency (EPA).

North America has the world’s largest gold mining operations, followed by South Africa and Australia. It is estimated, that the average person living in North America has about $500+ of scrap gold sitting in their jewellery box.

Why is gold at an all time high and why is it important to recycle your unwanted scrap gold?

There are many factors related to the current gold market price. The most talked about is the current global economic condition. When the American dollar weakens the price of gold goes up, with our economic crisis the gold price is reaching all time highs.

Another factor is oil production. Crude Oil producers diversify their portfolios by buying precious metals and other commodities. In the past years oil producers have seen increased earnings, which means they have more money to buy gold which leads us to an increase in demand which in turn increases the price of gold.

With the current demand for gold reaching all time highs, mining production is not able to keep up since there is only a limited gold alloy supply in the earth. This results in a decrease supply without a consequent decrease in demand.

This brings us to the reasons why it’s important to recycle your unwanted scrap gold.

1. Now is the right time to recoup the real value for your unwanted scrap gold.
2. You will be aiding in minimizing the environmental impact gold mining has on our environment.
3. With the limited supply of gold available to be mined you will be aiding in creating a supply/demand balance for global economic recovery.

Get involved today and request a FREE Gold Network Canada GOLD PAK for your unwanted scrap gold!