Why do buyers offer low price for gold?

[joegold]

So I got some gold melted into some solid blocks. I called a few places here in Canada and they are offering much lower prices for what it is worth I have over 200 grams of 22K gold which in todays market is worth $47-$48 a gram, more or less. The buyers are offering $36CDN!!!!!!! Can someone explain this? Thanks in advance.

[glockngold]

dude, is your real name Haberny,?

Dear Mr. Haberny,

After sending back your zip lock bag of gold painted rocks that you considered "14 karat gold nuggets found on a soul searching pilgrimage in Tibet with a quadriplegic hooker you picked up in Singapore", we find it is truly unfortunate that you can not understand the concept of "Do Not Contact Us Again".

Your fraudulent attempt to extort money from our seasoned geologists (who are experts in identifying precious metals) has forced us to take extreme action; this is your final warning before we contact the authorities. Your "rocks" have shown up in our inventory three times now. We will no longer attempt to return them, but will keep them as evidence. You are not entitled to any money, especially the ludicrous amount of $1,423,061.92 you demanded for your Cash 4 Gold payment. Your petition for an "ungreased, backdoor; Hammertime lovemaking session" with our telemarketer's Carol and Tracy is feral and preposterous. Your absurd request to be reimbursed for postage ($167.45, $138.33 & $142.73) is unwarranted and completely illicit. As a reminder Mr. Haberny, Ed McMahon passed away June 23, 2009. It is not only disrespectful but also utterly moronic to request that he host your birthday party at McDonalds.

This is the last time that we will be in contact with you.

Sincerely,
(Insert Chicken Scratch Here)

Jeff Aronson

[Eyebone]

70% is common for "junk".

[curmudgeonista]

dude, is your real name Haberny,?

ROTFLMAO

Seriously, though. locate a refinery in Canada and contact them. You're not going to get spot, but you'll do better going direct than through a middle-man who's going to have to send it to them for the same below spot return anyway AND make a profit off of you. The downside is, you'll have to wait a while to get your money and, if it's anything like here in the US, you'll have a paper trail that may have tax implications.

Spot is an indicator, not a guarantee of value. Your gold is "worth" what someone will pay for it. Right now that appears to be CAD36 per gram, or about 25% below spot. Not sure if anyone other than a refinery would offer any better on an amorphous lump of melted gold. Keep us posted, noob.

[~BS]

melting junk silver into blobs of faceless .900 metal or gold jewelry into faceless blobs of 14k metal is folly.

A jewelry store is going to want their cut. They're not going to take your blobs of metal without consideration of a profit. You'd probably get paid 80% of melt max.

If you have enough blobs, you could send them to a refiner yourself and get maybe 95% of melt.

[joegold]

Thanks for all the help fellas!!!!!! One other question, how do I clean my gold bars? Some people say to just dump it in a beaker with nitric acid. It that the correct method?

[earplugs]

cuz gold is honest money and a store of wealth....

[glockngold]

Thanks for all the help fellas!!!!!! One other question, how do I clean my gold bars? Some people say to just dump it in a beaker with nitric acid. It that the correct method?

Actually Joe, the best way to clean gold bars is with an air orbital sander with an 80 grit pad. (PS.. does your Mom know you are using the computer?)

[keef]

Cheap bastards! I will give ya $36/US dollas and some lint I found in my shop vac.

[joegold]

Actually Joe, the best way to clean gold bars is with an air orbital sander with an 80 grit pad. (PS.. does your Mom know you are using the computer?)

You should be a comedian!!!!!!! Why do people reply with a stupid answer to a simple question??????

[Gcubed]

You should be a comedian!!!!!!! Why do people reply with a stupid answer to a simple question??????

They may have thought the simple question was...?

[Gcubed]

Thanks for all the help fellas!!!!!! One other question, how do I clean my gold bars? Some people say to just dump it in a beaker with nitric acid. It that the correct method?

What do you want to remove, slag remnants, heavy oxidation, something else?

[Someone_else]

This is interesting. How to refine gold yourself:
http://www.ishor.com/AquaRegia.php

I don't think I will be trying this myself, though.

[Gcubed]

This is interesting. How to refine gold yourself:
http://www.ishor.com/AquaRegia.php

I don't think I will be trying this myself, though.

A rookie will end up with a big mess at best. Leave it to the pros or be prepared and willing to invest it the PROPER equipment. It is VERY easy to get injured.

[fasTTcar]

I am in the process of introducing melt and assay services in the next couple weeks at my office in London, Ontario. Drop by and i can melt, assay and payout within 15 minutes. If you are not in SW Ontario, FedEx works great.

I can get you into the 90 percentile+ easily, same day payout in Canadian dollars with no BS.

Give me a call 519-686-6671 during business hours or email - daniel@coincanada.ca