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Well-known member
Folks,
I'm a retired chemical engineer and have been in the scrap gold biz for over a year. I've been using NTR Metals pretty exclusively, but for the past 2 months, I've been getting smashed on their payouts.
Pretty much "every" batch is off 1% - 3% on the gold I predict. The most recent was off by 10%. Yep, all my profit for those days of biz was down the drain.
Three other scrap buyers there at the same time were also hugely surprised and disappointed by their payouts. One guy refused to sell and took his bar back. The interesting thing is he went back to NTR the following week, they reanalyzed it and he ended up with his original estimate. In essence, NTR admitted they made an analytical mistake.
Questions:
- any other refiners you can recommend?
- without having spent a bunch of time on this forum looking to process myself, any thoughts on me doing this myself?
Sorry if I sound rambling. I'm still angry...
I'm a retired chemical engineer and have been in the scrap gold biz for over a year. I've been using NTR Metals pretty exclusively, but for the past 2 months, I've been getting smashed on their payouts.
Pretty much "every" batch is off 1% - 3% on the gold I predict. The most recent was off by 10%. Yep, all my profit for those days of biz was down the drain.
Three other scrap buyers there at the same time were also hugely surprised and disappointed by their payouts. One guy refused to sell and took his bar back. The interesting thing is he went back to NTR the following week, they reanalyzed it and he ended up with his original estimate. In essence, NTR admitted they made an analytical mistake.
Questions:
- any other refiners you can recommend?
- without having spent a bunch of time on this forum looking to process myself, any thoughts on me doing this myself?
Sorry if I sound rambling. I'm still angry...