According to Futuresource Consulting, 30 million new televisions were sold worldwide in calendar year 2015 alone. And according to Pew Research, 64% of Americans now own smartphones, up from 35% in 2011.
Those are just two random statistics that tell us that millions of consumers around the world are trading up to more and more sophisticated electronic devices. When they trade up, they usually toss their old stuff – and every item they toss contains a small amount of gold. Do you sense an opportunity there?
You can actually witness this process happening. If you visit an electronics store, you will see all the new devices that people are buying. And if you go to your town dump, you will find piles of not-very-old electronic devices that are being thrown away that could be recycled profitably.
What Are People Tossing?
- Older flat screen TVs – We have written in the past that TVs made before the flat screen era were being tossed in record numbers. Today, we are reporting on a second wave, because people are now tossing old flat screen televisions and moving up to smart TVs, high-definition TVs, much bigger TVs, and TVs with curved displays.
- Older laptops – People are buying Windows 10 laptops with touchscreen technology, laptop/tablet combo units, and all kinds of new tech. It’s amazing, but people are actually tossing or (if possible) trading laptops that are just a year or two old.
- Tablets – Newer and more powerful tablets from Samsung, Apple and other makers are quickly making older tablets undesirable or obsolete. And when people trade up, they want to get rid of their old units.
- E-readers – A revolution is taking place in this category too, because electronic readers are getting both cheaper and more powerful at the same time. The result? Tens of thousands of obsolete older devices are about to be replaced by more powerful new units.
- Smartphones – In years past, people were tossing old flip phones and moving up to their first iPhones, Androids, and other smartphones. Now a second wave is hitting as people in record numbers are moving from one smart phone to another and tossing their old devices.
- CD, DVD and Blu-Ray players – In an age of streaming online services, these devices are either obsolete or about to be. For now, consumers may be holding on to them so they can still enjoy their older movies and music, but it seems certain that vast numbers of these devices will be junked over the next four or five years.
- Remotes – We’ve written about recycling remotes on the Specialty Metals blog. Whenever an old TV, CD or DVD player gets tossed, a remote gets tossed too – or at least it ought to get tossed.
All Those Items Contain Gold
Let’s remember that virtually every one of the items we mention above contains a small quantity of gold. In fact, any device that contains a printed circuit board is all but certain to do so.
How can you profit from the great gold throw-away that is taking place? First of all, you need to find a way to acquire as many discarded electronic devices as you can. One of the smartest options is to . . .
Start your own business as an electronics recycler
You can buy – or simply collect - discarded electronic devices from consumers, dumps, recycling centers, retailers and other sources. You can actually start your own recycling company on a small scale with very little investment, and grow it gradually.
As you build your business, you need a qualified gold recycler like Gold Refiners, part of Specialty Metals Smelters and Recyclers LLC, to partner with you, extract the gold you have collected, and pay you for it. Want to know more? Why not call us at 800-426-2344 to talk about your business plan with one of our precious metals recycling consultants.
The great gold throw-away is already underway. Forward-thinking entrepreneurs can profit from it. Can you be one of them? Could it be an important opportunity that is knocking on your door?
Where to Look for Small, Easy-to-Find Pieces of Gold that You Can Recycle Profitably
Recycling Gold: Do Older or Newer Sources Give You the Greater Yield?
Will the Apple Watch Cause Gold Prices to Soar?
Do Old Digital Cameras Contain Precious Metals that Can Be Recycled?