- Personal Finance
Finding Gold in Your old Cell Phones iPhones and PC's
Finding Gold in Your Old Technology
We live in weird times indeed, when demand for Gold is high and yet prices appear to be falling. Some governments have been caught, dumping gold onto the market to suppress the price.
For probably the first time in recorded history. Gold is actually useful for something other than hoarding.
Gold is in just about every cell phone, computer and many other gadgets, that we all have lying around the house.
Many people are cashing in on this little windfall. Especially some very big recycling companies. So how many old cell phones and computers, have you got taking up shelf space.
If you are looking for gold. Start there first.
From Gold coins to the Treasures of the Varna Necropolis
Finding Gold in Cell Phones
Gold has been mined and refined for many thousands of years. It has financed the rise of nations.
It's accumulation and possession has led to the subjugation of whole continents and peoples.
So how would you like to 'get in' on the latest gold bonanza, by simply looking for gold in your old cell phones?
Were you aware that there are several precious metals in your old phones.Gold being just one of them.
The new Gold rush, is in your old phone. Many gold recovery companies kept this quiet for as long as they could.
Now that some people are beginning to realise that their old phones may actually be worth more than they thought.
Gold prices could actually rise, if everybody started demanding a better deal on their old technology.
Short history of Gold's allure.
The oldest golden treasure in the world, dating to 5,000 BC, were discovered at the Varna Necropolis Bulgaria (Wikipedia)
Apart from it's use as gold coinage and the odd pocket watch cover, not to mention jewelry for adornment; over the centuries it has been up to now pretty useless for anything else. But as a store of value it is unsurpassed. It is also a great electrical conductor. This is why it used in phones and computer components.
Whenever economies start falling to pieces, and currencies begin to fail, like they are at the moment. Everyone who can, buys gold. The gold business has been around long before the invention of money. It will still be around when money is dispensed with altogether.
Finding Gold Today.
Satellites, Cell phones and Computers use vast amounts of gold. What effect do you think this is this having on the world's gold supply. The price is shooting through the roof and has been for over 2 years with no sign of slowing down anytime soon.
Meanwhile the phone companies are knocking out new cell phone models every 3 months and what happens to your old cell phone.
It usually gets passed to your mum or dad, sister or brother or worse ends up in the drawer gathering dust. Of course your cell phone provider will offer you an upgrade but is it really a good deal.
You may have had your phone for 2 years in which case you have paid for it twice already. If they offer you some money on your old phone it had better be a good offer, as there are plenty of companies out there who are also after your phones precious metals.
Where's a crow bar when you need one
Looking for Gold in England?
Gold prospectors in England.
Before we start we better have a chat with Her Majesty Queen Elizabeth II.
Because she owns the rights to all gold ore in Britain, through her business wing. The Crown Estate who own the rights to all the gold in the UK
Once Her Majesty has kindly given you permission to go a panning and a mining and you still have your head attached to your body.
You then have to get the permission of the person that owns the land where you want to go prospecting and it doesn't end there.
The person who owns the land or streams may not own the rights to the minerals on the land or in the rivers and streams so you will have to hunt them down and get their permission.
OK we have all the permissions we needed now lets head for them thare hills.
Hey don't shoot me. I am just the messenger. This way of getting your hands on some gold is for the birds. We need to gear up and go 21st century on this thing.
The Hobbits Hunt for Gold
There's Gold In Them Thar Hills
This is how they 'used' to do it before TV, Facetube and the Interweb.
OK Mountains are hard, and the gold is probably in tiny amounts, usually trapped in some other material like quartz, which is also very hard.
Okay so how much gold is there?
Well on average for every 17 tons of gold ore bearing hardish rock, you can expect to extract between .51 to 85 grams of gold.
Now that sounds like a lot of hard work.
OK so how much is that worth. gold price. ($53 a gram at time of publishing)
So 85 grams will earn you about $4,505 well hey that’s not bad? But you did have to knock your pipe out to get at it?
OK so you have to do a lot of digging and crushing, and then some more crushing and melting. It’s going to take some time.
Well how about we think about it a different way. Instead of going through, all that getting of permissions from her Majesty, and then mining, panning and back breaking work.
Try another Solution.
Alternatively when looking for gold, why not have the people deliver to you all their unwanted:-
Cell phones, Computers and other forms of technology that contain gold.
And a whole lot more precious metals and useful stuff, and we give them a couple of bucks for the pleasure.
There is a real gold mine sitting in all those old cell phones and other old technologies that are unloved and unused, in so many millions of cupboards and drawer’s all over the world.
For example. It is estimated that for every 1 usable cell phone, in Britain alone, many people have 3 or 4 old cell phones, sitting around gathering dust when they could be making you cash money.
You don't need me to tell you that things are tough out there, so why are all these precious cell phones not making you some extra cash?
Recycling old cell phones
Recycling everyone's a Winner
“A ton of cell phones can yield as much as 280 grams of gold, about 140 grams of platinum and palladium, and 140 kilograms of copper.
There’s also plastic and glass that can be recycled from used cell phones.”
Do the math, it's a load of money.
Going by our earlier calculations of $53 a gram.
Our pile of old cell phones may yield 280 g X $53 = $14,840.
That's $10,000 more that digging it out of the ground or panning a stream.
That’s over three times the money with a fraction of the effort, and that is without having to dig a dirty great big hole in the ground, or stand up to you neck in water all day long.
Secondly that is without counting all the other money, from the other precious metals like palladium, platinum and all the copper wire and the plastic that can be sold for recycling. It’s a win, win, win all round.
You make some easy money, the environment doesn't get ripped to shreds and you are recycling. You are a Green Eco Warrior.
If you still want to go looking for gold, in England in the old fashioned way, then good luck to you.
But you should maybe think of it as a hobby; a reason to get out in the fresh air, because finding gold in England has always been pretty fruitless, as most UK gold is found in North Wales and Scotland.
With precious little in England.
Gold in England
There are more companies than you can shake a stick at, clamouring to buy your old phones, so how much are they really worth?
These phone buying companies are spending a huge amount of money advertising on the TV, Tubeface and the Interknot everyday.You probably know their jingle too! Do Ba, Do BA, Do Ba De Do. etc.
They would not be doing this amount of advertising if there was no money in it. So what are you waiting for. Get your share of the gold rush, cash in today Ka Ching!
Now how can we get our hands on those diamond encrusted, gold and platinum coated satellite’s?
Ding a ling. . . that's my old cell phone, I better just get that.