I Want To Develop A Gold Refinery: Where Do I Start?

melting furnace

Gold refineries are necessary for providing people with the fine jewelry they know and love. You can start your own gold refining business with the right supplies, tools, and chemicals.

The jewelry industry has high demand, which makes gold refinery a business worth getting into. But it isn’t only the jewelry industry you’d be providing for.

You’ll be the source where manufacturers go to get the gold they need to create electronics, dental caps, and more.

So once you’ve decided you want to start a gold refinery, where do you start?

Gather your necessary supplies

To begin a gold refinery company, you need more than a hope and a dream. You’ll need to assemble the following supplies to get you on the right path:

 

  • Battery charger
  • Ingot mold and gloves
  • Crucibles
  • Stirring rods
  • Flux
  • Electric gold and platinum tester
  • Simplicity gold and platinum refining system
  • Induction melting furnace

 

 

Decide what kind of gold refining business you want to start

If you haven’t yet acquired the gold refining knowledge, skills, and funds you need to open your business, it’s best to do it now. Once you have the skills and funds you need, it’s time to decide what kind of gold refining company you’d like to start.

There are many different types of gold refineries. These refineries include:

  • Cupellation
  • Inquartation
  • Miller Chlorination Process
  • Wohlwill Electrolytic Process
  • Aqua Regia Process

 

Each of these processes involves refining the gold in a different way using chemicals or machines. These processes have different levels of effectiveness, different time frames, and different costs.

Additionally, the purity of the hold also differs depending on which type of refining process you use. That said, it’s crucial to do as much research as possible into the type of gold refinery you’d like to create.

From there, you’ll want to create a business plan to determine your next steps. This plan will include how you intend to operate each day, how your cash flow will work, and getting a permit as necessary.

Where can I find a high-quality metal melting furnace?

Induction melting furnaces are often used for steel, 50% of which is used globally for buildings and infrastructure. But high-quality induction heating equipment is also used for refining gold.

Amelt is your source for like-new used induction furnaces and replacement parts to get your gold refinery up and running. To learn more about our melting furnaces for sale, contact Amelt today.

Comments are closed.