LOS ANGELES, Dec. 16, 2011 /PRNewswire/ -- The e-scrap reuse and recycling market was a nearly $6.8 billion market in 2010, and has been growing even larger in 2011. Cash for Electronic Scrap USA, a subsidiary of CJ Environmental, has experienced massive growth in buying bulk computer processors, computer chips, semiconductors, gold finger scrap, gold plated circuit board scrap, populated circuit boards, SIM scrap, smart card scrap, mixed scrap integrated circuits (IC chips), and sorted integrated circuits. With precious metal prices increasing, Cash for Electronic Scrap USA offers some of the highest prices in the industry for bulk computer scrap. With over 35 years in the electronic and precious metals business, Cash for Electronic Scrap USA is one of the most respected cash for metal...
TOKYO (Reuters) - For Eriko Ebina, standing outside a downtown Tokyo medical equipment store that has a side business buying gold, the recent surge in prices for the precious metal was just too tempting. For more than 30 years, I kept gold jewelry mother bought for me, and with media saying prices are high, I thought I would sell them now except for a few keepsakes from her," said Ms. Ebina, in her 60s. "I earned more than I thought they were worth. I'm not interested in buying gold.
When metal recyclers from as far away as Georgia called to buy scrap material from his tool and die shop, Ron Loos figured that prices were probably headed upward. Some of the guys coming in were pushy. They wouldn't take 'no' for an answer," said Loos, owner of Quality Tool & Die Inc., in West Allis.
Gold prices, even after a decline in January, are not far from a 16-year high, and may be headed for the longest rally since Richard Nixon was president, as renewed concern about inflation boosts bullion's appeal as an investment. The precious metal has climbed since 2001 to more than $400 an ounce as U.S. budget and trade deficits widened to records under President Bush. Gold last rose five straight years from 1970 to 1974, when inflation peaked at an annual rate of 12 percent, five times the current pace.
BOSTON (Reuters - Hedge funds delivered stronger gains in April as precious metal and energy prices rose, but they still lagged the broader market, according to data released on Friday [May 6]. The recent better returns have prompted pension funds, endowments and wealthy individuals to add $32 billion of new money into hedge funds during the first quarter, raising the industry's total assets to a record $2.02 trillion, data from Hedge Fund Research show.
After two Thanksgiving weekend burglaries on Spirea Drive and Greenmount Boulevard, the Oakwood Public Safety Department is urging residents to take safety precautions and look out for each other's property in the holiday season. Police said both residents were away from home when thieves forced doors open to get inside. Police said burglars are targeting jewelry because precious metal prices are high.
FORT LEE, N.J., Dec. 14, 2010 /PRNewswire/ -- The National Inflation Association - http://inflation.us - today released the following article to its members: There were reports out today that JP Morgan has now admitted to having their massive naked short position in silver and is taking steps to reduce it. According to the Financial Times in London, "JPMorgan has quietly reduced a large position in the US silver futures market which had been at the centre of a controversy about its impact on global prices for the precious metal." According to a person familiar with the matter, "The decision by JPMorgan was an attempt to deflect public criticism of the bank's dealings in silver." JP Morgan said in a statement, "It is absolutely incorrect to say or imply that the Nymex, CFTC or any other ...
Dental work for some is turning into a gold rush for others, as record prices for the precious metal are sending prospectors on the prowl for gold wristwatches, pens and even teeth. Gold recently sprinted to nearly $1,900 an ounce as investors seek protection in so-called safe haven commodities amid fears of a double-dip recession. Gold dealers hoping to ride the price surge are advertising on television, throwing parties in private homes and showing up at health clubs.
Vancouver-rare coin and silver trader Kenny Vilkin has been riding a market bucking horse the past two weeks. Vilkin, 43, was bleary-eyed after he saw silver prices last week rocket to more than $14 an ounce, only to plunge $2 the next day, then rebound Friday and tumble again Monday.
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