How They Collect Big Cheques
Gold refining companies earn cash using some of the above-mentioned services. One of the main sources of their profits stems from impurity charges. These charges stem from the assays (gold content measurement) they make at the beginning of the process. Removing impurities from gold increase the value of the metal, and this allows them to generate profits. Gold refineries often receive lots of customers, and for those bringing in gold with high karat value bring higher profit for the company. Gold refineries also rake in big profits through means of industrial refining, providing services to companies who use large amounts of gold for the production of their own products. These companies pay much more than the average consumer and this too generates more profit for the refining company. Golf refineries also sell their gold on COMEX (currently known as the Commodity Exchange) and/or other exchanges who serve as marketplaces for gold, thus adding an additional source of revenue.
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