How do assayers make money

Who are their buyers? Thread starter ladypop Start date May 16, Joined May 16, Messages 11 Location houston. Im a newbie and wonder about the Gold Food Chain. LOL My questions is When people sell their gold to refinery the refinery seems to never run out of cash to pay seller for gold. They will buy as much as they can collect from sellers. How is this so! How is the refinery making money!

Who are they reselling to???? Joined Feb 25, Messages 8, They sell to all consumers of gold, and sell over spot. The don't sell pure gold alone, but processed metals, plating solutions, casting grain, bar stock, fabricating stock, solders and pretty much anything you can imagine that relates to not only gold, but precious metals in general.

By paying less than spot, plus charging fees, to say nothing of values that are not reported or out and out stolen from customers, they do just fine. It shouldn't strike you, or anyone, strange, that they have a bottomless pit of money. Having had personal experiences with a few of the recognized refiners, I know all too well how crooked they are. You might not believe some of the names, one of which you are likely to know exceedingly well. So my next question is HOW do they keep a bottomless pit of money?

Who are there buyers? Click to expand Andrew W Active member. Joined Mar 6, Messages 37 Location Texas. How can a refinery be crooked? Andrew W said:. Noxx Moderator Staff member. You have a kilo of 22k gold?

You also have to consider shipping costs if you have to mail your gold. You don't wanna mail 1 kilo of gold uninsured lol. Noxx said:. Joined Nov 4, Messages 89 Location Massachusetts. Maybe some other members have used them, and can give some feedback. How much will i lose once refined. You might even find yourself wanting to get involved with the process and work at a gold refinery yourself.

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What They Do Your average gold refining company offers a variety of services that offers their clients many options and accommodates their needs when it comes to their gold.

How They Collect Big Cheques Gold refining companies earn cash using some of the above-mentioned services. Industries that Keep Gold Refining Companies in Business Companies in various industries make use of refined gold, making gold refining companies essential.

Now You Know How Gold Refining Companies Make Bucks The expertise of gold refining companies makes them very profitable since, they cater to both the public as well as major corporations. Share this: Twitter Facebook. Like this: Like Loading Fill in your details below or click an icon to log in:. Email required Address never made public. Name required. Follow Following. Sign me up. Already have a WordPress. Log in now. Loading Comments In the field, assayers often need to remain standing or crouching for long periods of time.

They must also carry, put together, and use equipment; these activities involve light duty lifting and a lot of movement. Employers seek assayers with the minimum of a college diploma with relevant courses such as chemistry, geology, and assaying. British Columbia is the only mining jurisdiction in Canada where assayers must be certified. Employers may test language ability because it is important for workers to understand instructions.

Employees must be able to share information to complete tasks properly and work safely. Assayers need to have a good grasp of industry terminology and be able to interact in English with their employer, co-workers, and clients. To read examples of how other Essential Skills are used by assayers and other types of geological techs go to Explore Careers by Essential Skills on the Working in Canada website.

Wages also depend on whether it is a union or non-union environment. The figures provided below reflect a national average for low, median mid-point , and high hourly wages before taxes. National salary data is not available specifically for assayers, but assayers belong to the occupational group of geological and mineral techs. The wage data presented below are for that group.

Advancement opportunities for assayers are very good. Most start in an entry-level position, such as a laboratory tech, but with work experience, a good record of performance, on-the-job training, and formal education, they can move into a variety of jobs in mining, metallurgical services, sales, and environmental services.

Sample jobs that assayers can progress into include:. Links to general career information and job posting resources are provided on the Introductory Page. MiHR provides career information at Explore for More. There is a career profile about an assay lab technician. Scroll up to expand sidemenu.