@classayservice So you still also need to do a relative density analysis, in order to make sure that the products you buy are what they claim to be through out the product.
@MaxZagar In practice surface testing and some common sense is all you need for jewelry. Metal bars can require procedures like density analysis or drilling and analysis of the tailings.
Offering $17.33/dwt on 14k with gold at $938 is paying something like 63% of spot. Certainly NOT the most competitive price- although custom lab coats and x-ray machines must be pretty pricey.
@dukeorz If you take into account, time, labor, equipment costs, office space, I'd think that 50% of spot is reasonable. Heck, most store merchandise is 50-100% markup, so once again, 63% is not that outlandish. Refineries pay a lot more if one wants to do the research. Then again, a LOT of gold buyers will rip you off completely by only offering 25% of spot, or use cheapo scales that can be manipulated, bad weights for calibration, etc. etc. Buyer beware.
Most refiners pay 98% of spot. Which means you get almost all your money worth. IMHO. Never mail your gold. I drive 5 hours one way to personally hand my gold to the refiner. that way i know i am getting current spot price. Do your research first. Call the refiner and ask what percentage they pay.. SHould be straight honest answers with no BS mixed in..
Why do gold buyers get such a high percentage of your gold ?you get less than a third of the going rate on the stock market . Is there a place where you can sell your gold and get a fair price , minus their profit margin and refinement costs of course?
In a market with thousands of buyers, the buyers paying the highest prices are, by definition, paying "fair" prices. CL Assay Service constantly surveys the market to ensure that we are paying the highest and thus the "fairest" prices for gold. Prices shown in this video are reflective of prices the date the video was made.
@classayservice If you can't pay at least 90% of spot, then I have you beat, hands down. I can get everyone who sells through me 90% of spot on Kt gold, nuggets, and fines.
Cool Video.. but if my math is correct. that means... If spot was 927.70 and 14k is 17.40 per gram that bracelet was 27.79 grams equals 483.55 that means you guys are paying around 65% of spot at your offer of 309. Wow..
@bluehorse888 If you buy a brand new TV that all the stores sell for $1000, how much would you expect another potential customer to buy it from you for brand new? How about the store owner?
@ayokay123 i think its reasonable for the gold buyer to make a profit and pay for his cost taxes and the volitile gold market while makeing a living out of it. but this TV comparison has nothing to do with this unless if ur tv happens to be made of gold
@Max: Yes, XRF produces a surface analysis to a depth of about 50 microns.
classayservice 9 months ago
@classayservice So you still also need to do a relative density analysis, in order to make sure that the products you buy are what they claim to be through out the product.
MaxZagar 9 months ago
@MaxZagar In practice surface testing and some common sense is all you need for jewelry. Metal bars can require procedures like density analysis or drilling and analysis of the tailings.
classayservice 9 months ago
@classayservice Will it detect gold plating ?
MaxZagar 9 months ago
Isn't this only a surface analysis. It does not prove that the gold is totally pure ?
MaxZagar 9 months ago in playlist Gold
@MaxZagar Yes, XRF produces a surface analysis to a depth of about 50 microns.
classayservice 9 months ago
Offering $17.33/dwt on 14k with gold at $938 is paying something like 63% of spot. Certainly NOT the most competitive price- although custom lab coats and x-ray machines must be pretty pricey.
dukeorz 1 year ago
@dukeorz If you take into account, time, labor, equipment costs, office space, I'd think that 50% of spot is reasonable. Heck, most store merchandise is 50-100% markup, so once again, 63% is not that outlandish. Refineries pay a lot more if one wants to do the research. Then again, a LOT of gold buyers will rip you off completely by only offering 25% of spot, or use cheapo scales that can be manipulated, bad weights for calibration, etc. etc. Buyer beware.
ayokay123 1 year ago
How much do you charge for assaying small amount of silver? Can you assay larger ingots (say 10-12 pounds in mass)?
AZCopperMiner 1 year ago
How much do you charge for assaying small amount of silver?
AZCopperMiner 1 year ago
Most refiners pay 98% of spot. Which means you get almost all your money worth. IMHO. Never mail your gold. I drive 5 hours one way to personally hand my gold to the refiner. that way i know i am getting current spot price. Do your research first. Call the refiner and ask what percentage they pay.. SHould be straight honest answers with no BS mixed in..
MinelabBob 2 years ago
Why do gold buyers get such a high percentage of your gold ?you get less than a third of the going rate on the stock market . Is there a place where you can sell your gold and get a fair price , minus their profit margin and refinement costs of course?
11ofthirteen 2 years ago
In a market with thousands of buyers, the buyers paying the highest prices are, by definition, paying "fair" prices. CL Assay Service constantly surveys the market to ensure that we are paying the highest and thus the "fairest" prices for gold. Prices shown in this video are reflective of prices the date the video was made.
classayservice 2 years ago
@classayservice If you can't pay at least 90% of spot, then I have you beat, hands down. I can get everyone who sells through me 90% of spot on Kt gold, nuggets, and fines.
ProspectorRick 5 months ago
@classayservice The 90% of spot on nuggets and fines is after refining, I should have made that clear in my prior post.
ProspectorRick 5 months ago
Cool Video.. but if my math is correct. that means... If spot was 927.70 and 14k is 17.40 per gram that bracelet was 27.79 grams equals 483.55 that means you guys are paying around 65% of spot at your offer of 309. Wow..
MinelabBob 2 years ago
yeah kindof a rip. im thinking of buying scrap under the table, and'll probably pay 80 percent of spot...
bluehorse888 2 years ago
@bluehorse888 If you buy a brand new TV that all the stores sell for $1000, how much would you expect another potential customer to buy it from you for brand new? How about the store owner?
ayokay123 1 year ago
@ayokay123 i think its reasonable for the gold buyer to make a profit and pay for his cost taxes and the volitile gold market while makeing a living out of it. but this TV comparison has nothing to do with this unless if ur tv happens to be made of gold
billychen13 1 year ago
@billychen13 I don't quite understand what you're trying to say. Please clarify.
ayokay123 1 year ago