KOB
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- Joined
- Mar 6, 2019
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How about the people here?
He doesn't trust them ! Lol....
How about the people here?
How about the people here?
He doesn't trust them ! Lol....
From what I've heard refiners pay even less 70-80% for Palladium. I don't know about Platinum.
Steve is pretty close....thou even refineries very. Just know up front those percentages and how they figure it...and some can be negotiated with. I had one jeweler who wouldn’t give me a set percentage he kept saying we pay penny weight based on the days spot melt. What was he telling me? ARA still seems to be paying higher melt percentages. I’ll let ya know how well their pencil is sharpened since I just sent a little in.
Yeah I have often wondered why there isn’t much gold being sold here? Maybe because everyone waiting on $2000/ounce [emoji848]
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Dew, do let us know about ARA. I am considering this myself and even heard about a refinery near ATLANTA but not sure if they deal with the public or how their prices work....
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Let me add other mistakes people can make. When you weight and get a total weight REMEMBER if it’s 14k only 1/2 of that weight is gold. They may also figure your weight in Troy ounces....you loose some grams....when they do a pay out it’s done in dwt..penny weight. Then comes purity.....it maybe 14k 50% ... but after melt your purity maybe 42%.
So really there’s nothing a seller can do once it’s in the hand of the refinery as far as guaranteeing they’re getting an accurate payout. I mean how would a seller really know unless they are an expert in purity analysis and watched the process from start to finish? Not implying anyone in the gold buying business is crooked because that never happens?! I think once you drop it in the mail you have to prepare yourself to expect less than you think...[emoji848]
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Digger ...... thats exactly what im saying. NOW......is 95% pay out better than finding a local guy who pays you 85%? By time you ship it, insure it, and they figure dwt....troy ounce.....purity..... or the mystery of the melt..... take the 85%.
By the way ARA does NOT pay 98%. They pay 95%... unless you are a business now.
Digger.... I got my check in just a few days. I’m not disappointed in the check once I figured out I forgot...not all tha weight was gold ....duh. It was pretty close to what I figured. That purity of course can be figured close if you know the weight of each K you are submitting. I’d still recommend if you find someone local that pays in the85% range you are just as well off. But... I’d send more to ARA I don’t feel they messed me over
Digger.... I got my check in just a few days. I’m not disappointed in the check once I figured out I forgot...not all tha weight was gold ....duh. It was pretty close to what I figured. That purity of course can be figured close if you know the weight of each K you are submitting. I’d still recommend if you find someone local that pays in the85% range you are just as well off. But... I’d send more to ARA I don’t feel they messed me over