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Startup to Mine Gold & Silver e-Waste

Many investors are aware that a large percentage of the gold and silver used for industrial and technological purposes is never recovered, but how many of us have ever thought about why? Privahini Bradoo went one step beyond asking “why”; he asked, “why not?”

Bradoo is the CEO of BlueOak Resources, a company that “mines” scrap gold and silver from electronic devices. BlueOak goes through computers, refrigerators, medical equipment and more to salvage the bits of gold, silver, platinum, palladium and copper that can be found in each device, all from its startup “urban mining refinery”, the first of its kind in the United States.

BlueOak estimates that as much as 50 million tons of e-waste is generated globally on an annual basis, and that as little as 15% of the precious metals are harvested for re-use. “When you look at what’s in the electronic scrap, you realize there’s a lot of value locked in there,” said Bradoo. “You could try to access these metals by digging a hole in the ground, or you could refine the scrap.”

Similar operations exist in China and India, while Canada and Europe have developed environmentally-friendly recycle centers for e-waste. BlueOak’s Osceola, Arkansas facility will initially process approximately 15 million pounds of electronic scrap per year, and the company hopes expansion will eventually allow investors to buy U.S. gold and silver coins at lower premiums, thanks to this new method of “re-mining” gold and silver. Others believe this could stall the currently rising values of gold and silver. To learn more about what causes gold and silver prices to fluctuate scroll to the bottom of this article and request up to four free gold and silver investing guides free of charge, compliments of GoldSilver.org, “Your Choice for Pure Gold & Silver”.

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