Recycling scrap gold is basically finding pieces of jewelry that are old and broken, melting them and creating new jewelry with it, or using it for another reason. Recycling gold is considerably cheaper than mining it from the ground, even when the scrap gold has to be melted again and refined. There is a lot of gold in people’s houses and a lot of jewelry that is broken or missing parts. It can’t be thrown away, since it still has value because of the gold in it, but it’s not used either, because it’s broken.

Besides the jewelry that is broken, there is also jewelry that is no longer in style or it’s just ugly. Gold use increases year after year, as new markets and industries find uses for this wonderful metal. That small piece of gold you have in a drawer can become a computer component, part of someone’s teeth or in medical equipment. This kind of equipment doesn’t use a lot of gold, so even small quantities of scrap gold can help a lot of things to be made. Gold that is recycled can be turned into absolutely anything that normal gold is used for. Most of the gold mined since the beginning of times is still around. It can’t be consumed and while small quantities are lost one way or another, most of the world’s gold still exists.

If you want to recycle the scrap gold you have lying around the house, take it to a gold dealer. He can weigh the gold, see how pure it is and it will offer you his appraisal. Not every gold dealer will do this for you, but some of them will.

Recycling scrap gold is a great way to get yourself some extra cash. Since you can’t use that broken piece of jewelry, you might as well get some money for it.