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A question on gold

PostPosted: Sat Feb 26, 2011 4:46 pm
by Sheba
Hi all,

Could someone tell me (or tell me how to correctly figure this) the US dollar amount at present gold prices for the following item: A junk (scrap?) solid piece (not a chain) of 14K gold jewelry weighing exactly 5.1 grams (or 0.180 ozs.)? What would it be really worth in US $s, not what a dealer or a pawn shop might offer for it.

Thank you very much for the help and/or answer.

sheba

Re: A question on gold

PostPosted: Sat Feb 26, 2011 4:52 pm
by Country
Sheba wrote:Hi all,

Could someone tell me (or tell me how to correctly figure this) the US dollar amount at present gold prices for the following item: A junk (scrap?) solid piece (not a chain) of 14K gold jewelry weighing exactly 5.1 grams (or 0.180 ozs.)? What would it be really worth in US $s, not what a dealer or a pawn shop might offer for it.

Thank you very much for the help and/or answer.

sheba



=(5.1/31.1)*(14/24)*($1409.60) = $134.84

Re: A question on gold

PostPosted: Sun Feb 27, 2011 1:54 am
by shinnosuke
Country wrote:
Sheba wrote:Hi all,

Could someone tell me (or tell me how to correctly figure this) the US dollar amount at present gold prices for the following item: A junk (scrap?) solid piece (not a chain) of 14K gold jewelry weighing exactly 5.1 grams (or 0.180 ozs.)? What would it be really worth in US $s, not what a dealer or a pawn shop might offer for it.

Thank you very much for the help and/or answer.

sheba



=(5.1/31.1)*(14/24)*($1409.60) = $134.84


What a great community this is! ...trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent...well, not always so reverent, but most of the other attributes all the time. Thanks Country for teaching me something too.

Re: A question on gold

PostPosted: Sun Feb 27, 2011 2:29 am
by PennyBoy

Re: A question on gold

PostPosted: Sun Feb 27, 2011 7:11 am
by Devil Soundwave
Obedient?

Woof!

Re: A question on gold

PostPosted: Sun Feb 27, 2011 10:03 am
by shinnosuke
Devil Soundwave wrote:Obedient?

Woof!


Yes, obedient to the principles of common sense, self-reliance and self-governance. (How's that for spinning this thread ever farther away from its original theme?)

Re: A question on gold

PostPosted: Sun Feb 27, 2011 10:33 am
by beauanderos
Devil Soundwave wrote:Obedient?

Woof!

Good boy. Sit. Roll over. Fetch. :lol: Too bad (so sad) that WE can't teach the sheeple new tricks... like investing in real money!

Re: A question on gold

PostPosted: Sun Feb 27, 2011 11:14 am
by Devil Soundwave
:D

Re: A question on gold

PostPosted: Sun Feb 27, 2011 11:26 am
by henrysmedford
If you sold to Kitco here is what they would pay--https://online.kitco.com/refining/refining_USD.html

Re: A question on gold

PostPosted: Sun Feb 27, 2011 12:41 pm
by Sheikh_yer_Bu'Tay
shinnosuke wrote:
Country wrote:
Sheba wrote:Hi all,

Could someone tell me (or tell me how to correctly figure this) the US dollar amount at present gold prices for the following item: A junk (scrap?) solid piece (not a chain) of 14K gold jewelry weighing exactly 5.1 grams (or 0.180 ozs.)? What would it be really worth in US $s, not what a dealer or a pawn shop might offer for it.

Thank you very much for the help and/or answer.

sheba



=(5.1/31.1)*(14/24)*($1409.60) = $134.84


What a great community this is! ...trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent...well, not always so reverent, but most of the other attributes all the time. Thanks Country for teaching me something too.


Holy campfire smoke! RealCent is a Boy Scout Troop! :lol: I still remember our patrol song: " Whose the leader of the pack that's made for you and me? R- A- Q- U- E- L- W- E- L- C- H... Raquel Welch! Raqul Welch!"

Thanks for the math conversion formula, Country!

Re: A question on gold

PostPosted: Sun Feb 27, 2011 9:56 pm
by Sheba
Thank you very much for the answer. That's truly what is so great about this forum. Good answers and no 'serious' put downs for being dumb like me :D

I really appreciate the help.

sheba

Re: A question on gold

PostPosted: Sun Feb 27, 2011 10:03 pm
by 999Ni
Nicest, most helpful bunch of folks around.

You should see what goes on in another PM forum I visit....you would be shocked! :shock:

Re: A question on gold

PostPosted: Mon Feb 28, 2011 6:13 am
by Lemon Thrower
nice sig pic, 999.

btw, we have a resident refiner on this board, Market Harmony. Last time i checked his rates were competitive. realize however that in refining the more ounces you have the better deal you get.

Re: A question on gold

PostPosted: Mon Feb 28, 2011 6:23 am
by Redneck
10k-.416

14k-.583

18k-.750

22k-.916

$1409.60 (spot price) / 31.1034768 (troy ounce) x .583 (14k) x 5.1 grams = $134.74904

>

Re: A question on gold

PostPosted: Mon Feb 28, 2011 10:13 pm
by slvrbck
Hey sheb, u may or may not already know this, but the value they are giving $134 is what the actual gold in the jewelery is "worth". . . 14K gold is gold mixed mixed w/ other metals, I believe mostly silver, copper, and nickel. Due to this mixture of metals, karatage jewelery usually does not fetch the actual value of the gold it contains whether the transaction is between a jeweler, pawn shop, private party, or Cash 4 gold. Add to these facts that some gold jewelery is falsely stamped and that the karatage is not always accurate and you can probably understand why someone wanting to own gold would rather pay for a government minted coin, or a bar from a reputable dealer. . .

Re: A question on gold

PostPosted: Wed Mar 02, 2011 11:39 am
by exbingoaddict
shinnosuke wrote:What a great community this is! ...trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent...well, not always so reverent, but most of the other attributes all the time. Thanks Country for teaching me something too.


Don't forget irreverent also. ;)

Believe it or not, several of us are Eagle Scouts. And have said the Scout Law more times then wood chuck chucked wood.

Personally, I never did earn the coin collecting merit badge as a youth. However, I'd like to believe that I have the postgraduate work in to have an honorary one. :D

Re: A question on gold

PostPosted: Wed Mar 02, 2011 11:45 am
by 68Camaro
Yep. Eagle Scout here also.

Re: A question on gold

PostPosted: Thu Mar 03, 2011 9:47 am
by shinnosuke
exbingoaddict wrote:
shinnosuke wrote:What a great community this is! ...trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent...well, not always so reverent, but most of the other attributes all the time. Thanks Country for teaching me something too.


Don't forget irreverent also. ;)

Believe it or not, several of us are Eagle Scouts. And have said the Scout Law more times then wood chuck chucked wood.

Personally, I never did earn the coin collecting merit badge as a youth. However, I'd like to believe that I have the postgraduate work in to have an honorary one. :D


I did not earn Eagle. When I was growing up our troop was a bit disorganized. For example, instead of having a meeting, we would go to the ditch behind the building, split into 2 teams and earn Marksmanship merit badges by throwing rocks at each other. My oldest son made it to Eagle and my 2nd fell just short.

Color guard, PRESENT COLORS! I love it when the young men do that right.

Re: A question on gold

PostPosted: Thu Mar 03, 2011 10:43 am
by Devil Soundwave
What's an Eagle Scout then?

I was in the Cub Scouts (kids), The Scouts (12 - early teen), then the Venture Scouts (16 - 21).

My parents ran the local Scout troop. :)

Re: A question on gold

PostPosted: Thu Mar 03, 2011 11:01 am
by Sheikh_yer_Bu'Tay
I loved being a Scout as a kid! Made Eagle (barely!). Great times!

After marriage, Scouting became a family affair.

My son made Eagle, two Eagle Palms, and Exploring Gold Award. My daughter got her Camp Fire Wohelo, Exploring Gold Award, and was the second female to ever earn the Venturing Silver Award in the State of Oklahoma. The first female Venture Scout to earn the Silver Award in Okla. was also from our group.

The old timers did not like my efforts to integrate teen girls into Scouting. Held it against me! WTH! It has been okay for girls to be there since about 1971. Old traditions die hard, though.

When a boy hits high school, there are two fragrances that hit his nose like a ton of bricks: gasoline & perfume. If you want those boys to hang around a Scout Troop... you better have a few girls around, too. :D

Re: A question on gold

PostPosted: Thu Mar 03, 2011 11:20 am
by justoneguy
Sheikh_yer_Bu'Tay wrote:
When a boy hits high school, there are two fragrances that hit his nose like a ton of bricks: gasoline & perfume. If you want those boys to hang around a Scout Troop... you better have a few girls around, too. :D

that's a great mind there.
keep the kids directed while letting them have some socializing too

Re: A question on gold

PostPosted: Thu Mar 03, 2011 5:38 pm
by Mossy
Sheikh_yer_Bu'Tay wrote:When a boy hits high school, there are two fragrances that hit his nose like a ton of bricks: gasoline & perfume. If you want those boys to hang around a Scout Troop... you better have a few girls around, too. :D

Yup. Back when I was in, nothing brought everyone's heads up like "There's girls over there." Even the kids with lots of sisters.

Re: A question on gold

PostPosted: Fri Mar 04, 2011 10:49 am
by exbingoaddict
Sheikh_yer_Bu'Tay wrote:When a boy hits high school, there are two fragrances that hit his nose like a ton of bricks: gasoline & perfume.


True wisdom there. :lol: