As informed ATS members, I'm sure you're all perfectly aware of the extreme volatility in the current global financial market and even more aware of
how our money buys less and less and less as the years go by. What's also very apparent to those that watch the precious metals market e.g. silver
and gold, that contrary to the "value" of paper based currency which has been continuously decreasing, that the "value" of silver and gold has
been on a continual increase.
Here's a graph showing the huge gains gold has made over the last 5 years. If you'd been smart enough (or lucky enough) to invest in gold back then,
today you'd be sitting on a very pretty profit, indeed !
Now over the last few years, I've been taking scrap, old, unwanted and broken items containing gold and refining them in such a way as to end up with
essentially 99.9% gold bullion. Originally this was nothing more than a home hobby of sorts but with the value of gold bullion apparently on an
increasing trend, what started out as just a hobby has now become a means of creating gold bullion as a long term investment. I get quite a kick in
checking the gold markets and watching the value of my gold slowly rise
And so I figured that now would be a perfect opportunity to share my experience in gold bullion creation at home with other ATS members who may have
an interest.
Not only will you end up being able to create 99.9% pure 24k gold bullion of your own, but you'll also see how ridiculously simple and easy the
process is and that the majority of equipment is easily obtainable and very inexpensive.
In fact, over the years I've simplified the entire process so that anyone can do it. So why not read this tutorial and perhaps give it a go
yourself.
Just to whet your appetite, here's a pic of a pure gold 24k button (8 gms) I made earlier ... and worth approx. $US447 at todays market rates ...
hopefully next week will be worth a bit more
Before we get started, I need to provide a
WARNING.
Even though in my previous silver thread I thought that I had issued sufficient warnings due to the fact that strong acids were being used in the
process and that all due diligence, care and common sense was to be used at all times, there were still a few members who basically gave the
impression that handling nitric acid was just so incredibly dangerous and should only be used by "trained professionals" and NOT for the average
"Joe Blow".
However, I'd like to
YET AGAIN stress that if proper precautions are taken, care is exercised and basic common sense used, then handling very
small quantites of nitric (and in this tutorial, hydrochloric) acids is no more dangerous than many other potentially harmful chemicals normally found
in the average kitchen, laundry or garage that we use everday. Chemicals such as strong bleach, drain "unblockers", swimming pool chemicals,
ammonia, tree stump killers, car battery acid, etc
ALL have the potential to cause serious harm if misused ... however, I'm sure that the
average, level headed person is able to handle and use such "dangerous" chemicals without any harm whatsoever ... simply because they exercise care
and common sense when using them.
So it is with the acids used in silver and gold refining ... care and common sense.
Still interested ?
Ok, let's start processing gold !
We need some basic equipment which consists of a plastic water spray bottle, a plastic spoon, a plastic "swizzle" stick, a plastic "turkey baster"
pipette and a small plastic funnel.
All these items were purchased at one of those "cheap" stores for just a few dollars only.
We need a couple of small glass cylinders and in my case, I used some "empty" spice jars from the kitchen. At least that's what I told my wife
Also need a small glass bowl able to stand up to boiling water and that will allow one of the spice jars to be placed upright in it. The boiling water
poured into the bowl will help heat the contents of the spice jar.
We will also need some cheap disposable plastic gloves such as the ones used for food handling.
We'll also need some coffee filters. Again, both of these items were purchased at the "cheap" store for a couple of dollars.
The next items that we'll need is a bottle of 68-70% strength Nitric acid and a bottle of 32% Hydrochloric acid. These are both readily obtainable
from the majority of chemical supply companies which you'll have no problems in finding in your local yellow pages. A 500 ml bottle of each will be
quite adequate.
The nitric acid is used to dissolve any other contaminating metals in the item containing gold such as copper, silver, etc. We need to remove such
contaminants leaving behind relatively clean (but not yet pure) gold for final processing.
The hydrochloric acid will be used in conjunction with the nitric acid to dissolve and purify the gold after the other metal contaminants have been
removed by the nitric acid.
At this point, it's time for another
WARNING reminder, so PLEASE PAY ATTENTION.
Nitric and hydrochloric acids, by their nature are powerful corrosive acids and skin contact should be avoided. When working with them, you should
ALWAYS be wearing those disposable plastic gloves that we purchased earlier. Eye protection would also be advisable.
Simple care, caution and common sense is all that's needed and you'll be perfectly safe. In all the years that I've been refining silver and gold
for a hobby and using nitric and hydrochloric acids, not once has there been an issue or concern. If any is spilled on a surface, just immediately
rinse off with plenty of plain, clean water.
Also, small quantities of nitrogen dioxide gas is produced so
ALWAYS do the refining outside in the open air.
The motto is: "Be careful and be safe".
But let me reiterate one more time ... if you exercise common sense and basic care, this entire procedure is perfectly safe. Again, I've been doing
this for quite a few years with
NO mishaps whatsoever.
Moving right along ...
There are 2 additional items that we will require to process gold but weren't necessary for silver processing.
These items are Urea and Sodium Meta Bisulphite.
Urea is nothing more than plant fertilizer and can be found at almost all plant nurseries and large supermarkets with a garden section. A big bag is
worth just a few dollars.
Sodium Meta Bisulphite, despite it's very scientific name, is very common and can be found in any store/shop that supplies home brewing kits/products
so there should be no probs in locating it. SMB is used for sterilizing the home brew containers to kill any yeast. A small bag is all thats needed
and costs just a few dollars.
So as you can see, processing pure gold requires just 3 additional items (hydrochloric acid, urea and SMB) more than was needed to process pure
silver.
Silver processing = VERY easy
Gold processing = VERY easy (almost)
Continued next post ...