Hello all, first post here. I looked on ebay at scrap and saw an auction for 20lbs of scrap fingers from RAM. I saw a thread in the tutorial section just now and the person in that thread recovered about 3.75 grams per pound of fingers and CPU bits if I am not mistaken. I see an ebay auction for 20 pounds of finger scrap closed not long ago for $1500. At 3.75 grams per pound, that is 20lbx3.75grams=75grams of recoverable gold. Current price of a gram is about $39. So $39x75grams= $2,925.00. So assuming I paid $1500 for that scrap and got 3.75 grams of 24k per pound, I would profit $1425 less chemicals and other small expenses. Lets just say I got only 3 grams per pound, that is still $2340 or a profit of $840.
So RAM fingers must have much less than 3 grams per pound of just finger scrap? Or for some reason people who like home refining (anyone on this board) figured it wasn't worthwhile to make a pretty good profit and inexplicably only bid that 20lb auction up to $1500.
Market dynamics indicate that that gold should have been bid up to what it is worth minus a small refining fee, but not $1425 in profit for the refiner. This seems like an asymmetry to me. So did people miss a deal or is it likely that fingers on average hold much less than 3 grams per pound?
Thanks.
So RAM fingers must have much less than 3 grams per pound of just finger scrap? Or for some reason people who like home refining (anyone on this board) figured it wasn't worthwhile to make a pretty good profit and inexplicably only bid that 20lb auction up to $1500.
Market dynamics indicate that that gold should have been bid up to what it is worth minus a small refining fee, but not $1425 in profit for the refiner. This seems like an asymmetry to me. So did people miss a deal or is it likely that fingers on average hold much less than 3 grams per pound?
Thanks.