Gold ....sold .

Discussion in 'Australia & New Zealand (Public)' started by greg8049, Apr 14, 2023.

  1. greg8049

    greg8049 Active Member Silver Stacker

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    84.85 grams solid gold melted buttons..from the Palmer River..looking for $7000..well under spot..including express post..
     

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    Last edited: Apr 22, 2023
    Shlomo Goldberg and Real $ like this.
  2. greg8049

    greg8049 Active Member Silver Stacker

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    Price reduced and free post added
     
  3. greg8049

    greg8049 Active Member Silver Stacker

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    Ok so no one buying gold atm?
    Or is it overpriced?
    Thoughts please people...i wont be offended.
     
  4. Michael Kay

    Michael Kay Active Member

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    Wait a few days, or post it at spot.
     
  5. greg8049

    greg8049 Active Member Silver Stacker

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    At nearly 3 oz i thought it was a good deal ..asking $8,100 well under spot...or am i getting something wrong
     
  6. Michael Kay

    Michael Kay Active Member

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    Id have to crunch the numbers, but 3 Oz is 93 grams. It does seem cheap

    The main reason I wouldn't buy is because its not refined/moulded and/or packaged. Some people would ask for XRF, but of the reseller didn't have one, it might make it less appealing. I'm just throwing ideas out there. Or maybe people really are tapped out financially.
     
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  7. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Maybe 2 reasons.
    1.Purity not verified by XRF
    2.Cash Flow issues

    Take them into a Gold dealer you should get 8% under at the worst or get them XRFed to ease peoples fear of buying an unknown purity.
    Included is the CORELOGIC data re current Cash Flow

    CL CF.png
     
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  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Hi mate, I avoid nuggets for purity reasons which makes it difficult to offload in a hurry. Can get spot any day for .999 fine at dealer.

    perhaps speak to a jeweller about refining and melting into a standard size
     
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  9. greg8049

    greg8049 Active Member Silver Stacker

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    Ok people thanks for your comments...so i took the pieces to a jeweller..they had a unit where they placed the gold on and a probe placed on top..they said it was between 22 and 24 K.... unfortunately hervey bay is only a small town and no xrf
     
    Ivykoin and mmm....shiney! like this.
  10. greg8049

    greg8049 Active Member Silver Stacker

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    So price reduced to reflect 22k..$7500
     
  11. greg8049

    greg8049 Active Member Silver Stacker

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    Price drop reflecting on spot drop
     
  12. greg8049

    greg8049 Active Member Silver Stacker

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    Price drop again..just because its a long weekend..
     
    mmm....shiney! likes this.

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