News item of interest to Bugs (& me): http://www.denverpost.com/news/ci_22717875/ingots-enroute-ital-will-return-gold-leaf-colorado
The story above is somewhat convoluted. 68-pound avd. chunk of gold doré >> 65 ozt .9999??? This earlier article explains more: http://www.colorado.gov/cs/Satellit...Layout&cid=1251599872394&pagename=CBONWrapper I'm only guessing the total Troy-weight (870 Fine ozt. Au & Ag = ~60 lbs avd) means the "gold doré" has 8 lbs (117 ozt.) of slag? Otherwise, 55 lbs avd = 802 ozt. too low for the Fine-weight ozt. given. ONLY 65-72 ozt Au will go towards the project >>> so presumably 798 Fine ozt (most of the PMs) were returned to Cripple Creek & Victor Gold Mining Company. The Cripple Creek gold doré ingot would have been ~71% Fine Au and ~21% Fine Ag, correct? (What wasn't mentioned was the huge tax-break to CC&V, I'll guess.) Also: the Au cost basis is estimated at $1,846. so POG was $1,573. >>> not 17.37% premium including all costs for milling/transport/security/insurance etc. but rather the (higher price) London Spot on Sept. 22, 2011. Website for Giusto Manetti Battiloro: http://www.manetti.it/index-cat.php?cid=3&n=Gold-leaf Timely yet, last week's news (50th Anniversay celebration of the film) http://idolator.com/7443408/shirley-bassey-oscars-performance-goldfinger-review-revue What's up Detecto?
Hi Juan, Gold leaf is so amazingly thin that it's hard to describe to someone that's never seen it. I remember in Bangkok on R&R visiting buddist temples where there where hundreds of clay buddas, each belonging to a family. The family members would visit the temple to worship, burn a josh stick and melt a small square of gold leaf upon their statue. The younger families had a smattering, while some of the old were actually gold plated. peace, rono
