A
Anonymous
Guest
Moved to the appropriate forum section
Jim
Jim
Help Support Gold Refining Forum:
heirloomreplacement
Member
Hello James
at the price you paid for the 14K items 7.3 grams or better would be a break even in Value with todays 10 am spot price for buying >at my NY buyers website.
Please keep in mind > buyers pay anywhere from 90 to 98% of market spot. the purer the higher they pay,
You will not get full market spot price when selling (especially in 14K)
Unless of course you sell on EBay then you may actually get over spot price.
Also please note > many Buyers want nothing to do with anything less than 5 Troy Oz.
so to even get rid of what your buying I hope the blue light store has alot of it on hand.
Personaly I wouldn't pay any more than 60-65 % of spot>
any more than that just wouldn't be worth tieing up my money or time
My suggestion BEFORE you go jumping in with both feet , would be to at least have some basic essentials>
1) a good scale and a way to test your gold> just because it says 14k doesn't mean it is.
2) a buyer that you know what they will pay ahead of time
3) Knowledge of how much gold you need to have before a buyer will take it
4) cost and time involved in Refining
Sounds to me like Ebay way be your best way out
Good luck with your venture
Just my Two cents
JIM
at the price you paid for the 14K items 7.3 grams or better would be a break even in Value with todays 10 am spot price for buying >at my NY buyers website.
Please keep in mind > buyers pay anywhere from 90 to 98% of market spot. the purer the higher they pay,
You will not get full market spot price when selling (especially in 14K)
Unless of course you sell on EBay then you may actually get over spot price.
Also please note > many Buyers want nothing to do with anything less than 5 Troy Oz.
so to even get rid of what your buying I hope the blue light store has alot of it on hand.
Personaly I wouldn't pay any more than 60-65 % of spot>
any more than that just wouldn't be worth tieing up my money or time
My suggestion BEFORE you go jumping in with both feet , would be to at least have some basic essentials>
1) a good scale and a way to test your gold> just because it says 14k doesn't mean it is.
2) a buyer that you know what they will pay ahead of time
3) Knowledge of how much gold you need to have before a buyer will take it
4) cost and time involved in Refining
Sounds to me like Ebay way be your best way out
Good luck with your venture
Just my Two cents
JIM
A
Anonymous
Guest
Moved to the appropriate forum section, sorry for posting in the wrong place.
jim
jim
