reply to post by sinthia
You are right there sinthia, but now just gold. silver, platinum and other metals. its all used in the chips and circuitry.
But just on you suspicion. Well its because they now have leverage. you bought a ring 10 years ago, for around 50 pounds, and today someone says, WOW
thats gold!! thats is do you know that gold is worth 1250 dollars an oz nowadays!!. You ring could be worth a fortune to you. you send it and they say
they will give you 70 pounds for it. Well you only paid 50, and things do down in value the older they are right?? so this is GREAT!! I could by those
shoes now!,, or pay my phone bill. OK SOLD - simple, its marketing on greed and insecurity
I have heard that there is a company in India or somewhere, that offers free of charge phone recycling.
they collect mobiles in a box somewhere and have refined a process where they can extract the metals. and resell. thus there is NO outlay apart fro
the setup and running costs. as people give them the old phones for FREE, under the GREEN banner. "i RECYCLED my old phone, aren;t I good!
In the meantime Mr gold Singh is laughing all the way to the bank!
As for the Ore part, I hear that most gold ore is mixes with a crap load of other metals, so out of a 2 oz nugget, maybe you will be 1 oz .999 gold,
some silver, nickel, lead etc etc, where as the phones in industrial use use already refined gold.
Even more crazily, I saw a report, about a scientist in Germany of may the UK, can;t remember, that who was buying the street dust from council street
Simple, car catalytic converters contains gold and platinum. and is spewed out in the dust that it creates.
They found a process to refine, where the recovery rate of pure gold and platiunum was HIGHER than that of the recovery rate of gold ore!!!!
Everyone is doing it, why? becuase they know that the people like their fiat currency, but the real value always has been and always will be in
[edit on 30/505/1010 by JakiusFogg]