Australia and The Penny (25)

Jun 23, 2014 5:47 AM CST Australia and The Penny
epirb
epirbepirbDannevirke, Hawke's Bay New Zealand32 Threads 2 Polls 7,379 Posts
robplum: Dunno i was just checking price of commodities and this page turns up


gold is still quite expensive but maybe-not i dunno haven't got a crystal ball
1200 odd compared to 1900 at peak cheap now . funny no one buying much now its cheap . all the rage when it was high . Are about face if you ask me

late here wave
Jun 23, 2014 5:51 AM CST Australia and The Penny
Lookin4missright
Lookin4missrightLookin4missrightmelbourne, Victoria Australia400 Threads 24,032 Posts
epirb: http://www.stuff.co.nz/business/money/10190496/NZ-Mint-makes-Donald-Duck-coins

not surprised seeing country is run by Mickey Mouse






Our PM's together laugh australia newzealand












dancing banana
Jun 23, 2014 6:05 AM CST Australia and The Penny
1 troy ounce = 31.1034768 grams

this listing is Australian Gold Nugget .25 grams

with a buy now of AU$16 +$4.00 postage



On a Yahoo site one dud says one ounce is equivelan to 28.35 grams,: 1/4 (quarter) 7
1/2 (half) 14 3/4 (three quarters) 21 1 28.

meanwhile
1oz gold eagle - $50 - diameter 32.7mm - 91.67% gold - weight 33.931g - AGW 1oz
1/2oz gold eagle - $25 - diameter 27mm - 91.67% gold - weight 16.966g - AGW 1/2oz
1/4oz gold eagle - $10 - diameter 22mm - 91.67% gold - weight 8.483g - AGW 1/4oz
1/10oz gold eagle - $5 - diameter 16.5mm - 91.67% gold - weight 3.393g - AGW 1/10th oz



Bullion is in my opion better option e.g cheaper than coins, as coin is only really worth the gold that's in it
Jun 23, 2014 6:19 AM CST Australia and The Penny
here is a good buying guide
If you’re measuring your gold in grams, find your gold price in grams, if you’re measuring in Troy ounces, of course, use the Troy ounce price. Gold prices in either can be found at .

Here is a formula for working out what you would like to get for your gold return.

Step 1: Find out how much actual gold is in your scrap, this is done by taking the carat, turning it into a percent of gold by dividing it by 24 then multiplying it by the weight you have.

Example using 500 grams of 9ct scrap gold.

9 ÷ 24 = 0.375 X 500 = 187.5

So that means that in a parcel of 500 grams of 9ct gold you actually have 187.5 grams of pure gold.

Step 2: Find today’s gold price (I’ve used £18.50 per gram as example) and multiply it by your weight of pure gold.

187.5 X 18.5 = 3468.75

Step 3: Reduce this total by the dealer’s refining costs, usually as mentioned around 8% leaving 92% of the value.

3468.75 X .92 = 3191.25

Step 4: Set your target profit percentage, as discussed above, let’s say you’re opimistic and want 75% so take the value of your pure gold (less refining costs as calculated in step 3) and multiply it by your target profit. This will give you your asking price.

3191.25 X .75 = 2393.44

£2,393.44 is the price you want and then the haggling begins. So, even though your gold, at the day’s spot price per gram of £18,50 is £3,468.75 if you were to receive your asking price of 75% you’d only get the £2,393.44.

This process can be used for working out Grams, Ounces, or any weight, 9, 14, 18, 22, 24 or any purity of gold in-between.

Buying gold as an investment for the future is a sensible move but the watchword, as always, BE CAREFUL WHAT YOU’RE PAYING OR YOU’RE THROWING MONEY AWAY.

To make this easier for you I can send you a ready made EXCEL spreadsheet in which you'll only have to enter the variables and the maths will be calculated automatically. Kegsie12 at yahoo.com

Happy investing.

Jun 23, 2014 6:05 PM CST Australia and The Penny
Sounds all good
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