What is a precious metal? To NC State employees (like me) – many metals could be considered precious (relative to my salary, ha ha ha). Wikipedia says its gold, silver, platinum and palladium. It also states that "other precious metals include the platinum group metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum…” Now that’s a lot of iums.
What about waste regulations? Are these metals regulated as hazardous waste? The answer is yes. Our most favorite reg - RCRA (pronounced rick-ra) – has requirements for industries that choose to recycle precious metals (can you believe that?). They say that an industry has to:
- Notify EPA of Precious Metal Recycling Activity (under their Hazardous Waste Notification)
- Not speculatively accumulate precious metals within a year (recycle at least 75% of precious metals to during the year – that was present at the beginning of the year).
Now that’s not tooooo bad. But seriously folks - who cares about speculative accumulation - show me the money. Gold is at an all time high ($1432/oz). Will it continue to increase? And are there real gold flakes in the liqueur – Goldschlager? These are the questions that any sane person would be blogging about.
Until Next Time …