Question About Gold And Gold Price….?
Written by Admin on July 27, 2010what an i move to impart for a typical ladies 14k gold ring or antimonial example chains that are 14k?
thanks
Originally posted 2009-09-23 08:34:14. Republished by Old Post Promoter
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2 Comments to “Question About Gold And Gold Price….?”
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10:43 am on September 23rd, 2009
A lot less than you think
First they are 7/12 gold, or about 1/2 gold content.
and The company that buys it has to refine it to 24K gold and that costs, and they also want a profit.
So Junkgold is worth something but nothing near 99.99% gold in coins
11:40 am on September 23rd, 2009
The spot price is for 24 karat gold. 14 karat would reduce that to 60% of total gold content. Most gold buyers will only give you up to 75% of the spot. (remember, your gold is only about 1/2 it’s weight in gold)
Consider also that they buy and sell gold by the “troy” ounce which is 31 grams, not 28 so not only will you get less for the content, you will be selling less ounces than you may believe.
You would be lucky to get 12 U.S.dollars per gram