Gold Prices

[amc rulz]

$1427!!!!!!!

Monkey hammered down to $1410 today. Back down into the 12’s shortly.

 

[Kapi]

That seems like a really nice win for the refinery.

Meaning they paid him 90 percent market value, not 90 percent of the 3 grand. Hope that makes sense.

 

[dewcon]

We understood. 90% of spot melt is what they pay.

 

[Steve]

Monkey hammered down to $1410 today. Back down into the 12’s shortly.

I hope so.. still 100 million aunties kicking themselves for not getting that gold while it was cheap.

 

[amc rulz]

I hope so.. still 100 million aunties kicking themselves for not getting that gold while it was cheap.

Who you calling aunties, Willis?

 

[Aquaman]

Well I guess that was short lived regarding gold valuations.
Hmmm...look at palladium though?! Just keeps climbing!

https://seekingalpha.com/article/4243749-3-reasons-palladium-market-will-get-stronger

 

[Charly-in-CT-RI]

The downside of high gold prices is that people will stop wearing true gold jewelry and will substitute with gold plate or other cheaper metals.

 

[Skippy SH13]

https://orlandogoldrefinery.com/ 98.5 percent

Doesn't look true.
"How Much Will I Get Paid for My Gold and Other Items?
If you are not licensed for trade, we generally buy your gold at 80-85% of the current spot price based on live market prices. Diamond prices are based on color, cut, carat, and clarity."

 

[Kapi]

Doesn't look true.
"How Much Will I Get Paid for My Gold and Other Items?
If you are not licensed for trade, we generally buy your gold at 80-85% of the current spot price based on live market prices. Diamond prices are based on color, cut, carat, and clarity."

A friend just went last Wednesday and was paid 90 percent. Seems like the price is negotiable especially if you have numerous pieces to sell. I believe it's possible the 80 to 85 percent is for that guy or gal that goes in with just a piece or two.

My advice is call them, tell them how much you have and negotiate a percentage. Hope that helps

 

[dewcon]

I’m going to call them and use your name..... you have good references right? No crazy moments during your negotiations... or you aren’t banned with a restraining order?

 

[Kapi]

LOL they don't even ask your name

 

[amc rulz]

I’m close to swapping my gold for pieces of paper that lose value daily. Ok, just woke up from that nightmare!

 

[dewcon]

LOL they don't even ask your name

Oh cool then i can steal all your gold and no questions ask lol. I like these guys already

 

[MrLostAndFound]

I was thinking if it goes back to 2000, it will definitely be time to unload some. I have about 8lbs saved up. Mostly thrift store and yard sale stuff.

Wow!!! 8 pounds of gold! That's house money in some parts of the country. Or you could blow it all on a new Lamborghini.

 

[jackdaniels]

Let's hope it keeps climbing!
Aww, wait nevermind no gold this year yet!

 

[amc rulz]

Let's hope it keeps climbing!
Aww, wait nevermind no gold this year yet!

Do we really want the price of gold to climb? That means the dollar is worth-less.