Rmwatson78 said:
UncleBenBen said:
alexxx said:
I'm with Jon on this one.
Ditto. Jon just opened my stubborn eyes to the possibilities that selling on can bring.
That was with just one picture I posted that might have meant 50 cents of recovered gold, but may turn in to MUCH more.
As I've learned, you just may be well served the sort through that 100 pounds, you might find hidden values too!
Well, I'm the idiot who paid 700 dollars for these and it doesn't sound like I will get that much for them at a scrap yard.
Processing those will never come close to 700$ in values, even if you are able to get every last bit of gold silver and copper out of them.
You could cut your losses, sell and move to the next project after reading for 2 years.
Or maybe use them as an investment into your learning.
700$ is not a lot to have a feed stock to play with and learn.
I have myself lost a few bucks in my first year of "learning"... (A few more 0s to your $700)
2 days ago my phone rang (true story), someone was interested into buying gold ram.
He asked me how much I would sell it for... The first number that came out of my mouth was $19 (a bit overpriced).
The guy than asked if he could buy 1 pound test it. I than asked him if he had any experience into refinning...
I knew already the answer (another me from 6 years back thinking he could make a fortune from scrapping electronics and the precious metals they contain)...
Don't need to continue the story, you know where it goes...
Precious metal recovery & refinning, as a business is fascinating, but very hard at the same time.
People tend to believe that it's easy money. And they also believe that they can find the miracle shortcut.
It doesn't exist.
This business is about hard work, small margins and grinding 24/7.
The only advice I could give to anyone after 6 years in this business is to relax, take a breath, read, learn... And maybe after a year or two try it...
Well, who am I kidding, I would never have followed that advice.
Shinny things are truly fascinating... And because now they are part of the everyday life objects that we use, and no longer burried deep down into earths crust, it seems easier to get.
I don't have a perfect answer for you on what you should do, I'm still green compared to many members from this forum, I am learning everyday (that's what I love most from this business I think).
You will find the answers to your questions by reading and searching, this forum and the book you bought are just the right tools.