Refining Science

Understand the Economics of
Precious Metal Refining

Learn how smelting margins, chemical refining, assay fees, and spot markups impact your bottom line. We believe in complete transparency on every melt.

Refining Basics

Transparent Industry Practices

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Smelting vs Chemical

Smelting melts metal into a bar to sample it; chemical refining separates the metals to 99.99% purity. We perform both to maximize dealer payouts.

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Fire Assay Methods

Traditional cupellation is the gold standard for purity testing, ensuring that your gold payout is based on laboratory-proven science.

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Spot Price Spreads

Understand how local dealers charge 10-15% spreads under spot. Our bulk dealer accounts offer payouts within 1-2% of actual spot value.

Education FAQ

Common Questions

Q: What is the difference between a route buyer and a direct refinery?
Route buyers pay immediate cash but charge massive margins (often 15-20% under spot) because they resell the gold to a refiner. Direct refiners melt and assay the metal, paying you based on actual metal content minus a small refining fee.
Q: Why is the XRF spectrometer more accurate than acid testing?
Acid scratch tests only check the surface of the metal and are highly subjective. XRF spectrometers use X-ray fluorescence to scan deep into the alloy, identifying the exact percentage of Gold, Silver, Platinum, and Palladium in seconds.

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