Recycled Gold is Great for Your Pocket and for The Planet
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YourGoldForCash estimate that there are many thousands of rings, chains, bracelets,
earrings and other trinkets which never get taken out of the nation?s jewellery
boxes Brits could be sitting on a billion pound ?green gold mine?....
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YourGoldForCash estimate that there are many thousands of rings, chains, bracelets,
earrings and other trinkets which never get taken out of the nation?s jewellery
boxes Brits could be sitting on a billion pound ?green gold mine?.
London, UK July 15, 2009 -- According to gold buying website
YourGoldForCashrecycling your old gold is not only healthy for your pocket, it?s
healthier for the planet too.
And because www.
YourGoldForCash.
co.
uk estimate that there are many thousands of
rings, chains, bracelets, earrings and other trinkets which never get taken out of
the nation?s jewellery boxes Brits could be sitting on a billion pound ?green gold
mine?.
YourGoldForCash estimate that on average each Goldpack they receive contains around
40 grams of 9 carat gold worth around £270.
00 at today?s prices.
To mine that
amount of new gold would require the extraction and processing of around 80 tonnes
of gold ore.
Virtually all of the unwanted gold jewellery and trinkets bought by
www.
YourGoldForCash.
co.
uk are melted down and recycled into new jewellery and there
are a growing number of jewellery manufacturers who market themselves as only using
recycled gold because of its environmental and ethical benefits.
Companies offering ethical and eco friendly jewellery in the UK include
Avasarah.
com and Ecochiccollection.
co.
uk and there are now numerous websites in the
USA specialising in eco friendly jewellery.
Only 0.
00001% of ore is refined into gold*, the rest is waste.
Mining enough gold
to make a typical five gram 18 carat gold gents wedding ring could necessitate the
extraction and processing of about ten tonnes of gold ore.
The extraction processes
used by some gold producers include the application of deadly chemicals such as
cyanide and other dangerous compounds such as arsenic and mercury drain out of the
piles of waste ore itself which can cause serious long term and sometimes permanent
damage to the environment.
David Sonnenthal, Managing Director of YourGoldForCash, said: ?There is a huge
worldwide demand for gold jewellery as well as a demand for gold to be used in the
manufacture of electronic components.
However, gold mining can be very harmful to
the environment with small gold mining companies often paying very little regard to
the damage being caused by the mining of the ore and the extraction of the gold.
There are now various jewellers who will only use recycled gold to make their new
jewellery and there?s a growing demand for an eco friendly and ethical alternative
to mined gold.
?
The price of gold is still strong at over £565 per troy ounce** so anyone with old,
broken or unwanted gold jewellery can use websites like YourGoldForCash to quickly
turn items they?ll never wear or use again into money safe in the knowledge that
they?re also helping the environment.
Amongst the items sent to YourGoldForCash recently are an 18 carat gold bracelet
worth £160, a large 18 carat gold chain worth £340 and a 9 carat gold signet ring
worth £85.
However, they have also received much smaller items including a package
of mixed odd gold earings worth £45 which none the less the owner was very happy to
convert into cash.
David Sonnethal said: ?Getting gold out of the ground takes a huge amount of energy
and can cause a lot of environmental damage so recycling gold that?s already in
circulation is a much greener way of satisfying the demand for new gold jewellery.
Customers selling their unwanted gold through YourGoldForCash can quickly get money
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