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Gold Price Rise Sparks New "Gold Rush

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Gold prices are rising again.
As a result, a new gold rush is brewing.
Gone are the days when people set out with picks and shovels to dig or pan for gold in distant places.
These days there is new breed of gold hunter.
Armed with little more than screw drivers and pliers, these men and women can stay close to home to hunt for gold (and silver, too) which they recover from certain types of junk and trash, and convert to cash.
For some, it has become an enjoyable and lucrative home based business.
For others it is a hobby.
Either way it can be great way to make extra money with no need to stake a claim or get a special permit.
But how did this new opportunity to find real gold in trash come about? Few people realize that gold is used for much more than just jewelry.
Gold is an excellent conductor of electricity.
Manufacturers use it because it does not tarnish, can easily be drawn into wire or hammered into thin sheets.
This is why gold is often used in the manufacture of electronics.
Since gold is a highly efficient conductor of electricity and is free from corrosion, components made with gold are more reliable.
Gold is used in many sophisticated electronic devices such as cell phones, calculators, computers and a wide range of large and small electrical devices.
Savvy gold hunters know that only a small amount of gold is used in a single device.
One cell phone, for example, will contain a very small amount of gold.
But there's plenty of e-waste available to those who seek it out.
For example, over a billion cell phones are produced each year, and as new models hit the market many older ones are thrown out in the trash or sold for pennies at garage sales or flea markets.
Modern day gold hunters collect dozens of this e-waste, and then disassemble their booty to get the gold out.
These gold hunters also know that gold is used in way more than computers and cell phones.
It is also used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips.
Washing machines, microwave ovens and light switches are just a few of the items that contain small amounts of gold.
With their trained eye, aggressive gold hunters find these items curbside on trash pick-up days, in their neighborhoods, as well as in junk yards and dump sites.
The opportunity to join the hunt is open to everyone.
But only those who know what to look for, where to find it and how to recover the gold will succeed.
And they will have to put in the time and effort.
This is definitely not a get rich quick business.
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