Hi, I'm looking to buy bits and pieces here and there to build up my electronics scrap to start refining as a hobby with a view to making some pocket money at a later date. I came across this auction on ebay this morning: http://www.ebay.co.uk/itm/Cpu-Processor-Lot-Gold-Recovery-Ceramic-Green-Scrap-Gold-Nice-Lot-/271138606950, so I made some calculations. I decided that only 15 of the chips would yield me about 0.2grams of gold each and the rest I may get 0.005grams from the pins each, if I was lucky. For a total of 3.06grams in this particular lot. One gram of gold in sterling is approx £34.14 at the moment. £34.14 x 3.06 = £104.46 if you could just magically look at them and the gold would appear. I then added the delivery of £6.50, £104.46 - £6.50 = £97.96. I then figured my time, acids, gas for melting and filter papers about £60.00. £97.96 - £60.00 = £37.96, So I thought I would bid £36.90 and no more but was outbid straight away, so I added the P&P and went to £43.25 as I figured I may recoup this back if the price of gold continues to rise. The lot sold for £82 + £6.50 P&P = £88.50. Total gold content £104.46 less cost £88.50 = £15.96. Have I got my maths all wrong? or can people seriously refine all those chips for £15.96 just to break even?
Best wishes,
AUH-R
Best wishes,
AUH-R