Scrap pm's

Anyone else here messing with it?
I have gotten palladium, gold, silver, and platinum so far
not significant but a good amount of ozs
anyone else messing with this as an investment?

 

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I think you might be kidding yourself to think of that as an "investment."

 

hmmh 24k gold for $60 an oz?
Gotta say its a worthy investment especially since I can sell it for melt value
In all honesty I think you shouldnt judge people so quickly.

 

scrap gold

 

Where would you get that price?

 

thats hwat I pay for scrap gold that test out to 24k
Good for me bad for others

 

Oh. Now I understand. You make money by ripping people off. Well, that's one way I suppose, but those of us with a conscience probably wouldn't be as comfortable with the technique as you seem to be.

 

You must be mistaken I am sure. Nobody gets any caret gold for

You must be mistaken I am sure. Nobody gets gold for $60 an ounze. To be bragging without being sure of what you are even talking about is one thing, (and not needed), But to have actually paid someone that little does say volumes about your tactics. I hope you were in error with your statements.

 

Yes your infamous consciences, ohh well i live quite comfortably with my conscience.

Wrong. 24k is worth 1092 an oz currently according to kitco.
Thats a nice markup for me. I get paid 95% of spot price from the refinery.
See its a great way to live, having so much cash flowing around, gosh having a bank account that makes ppl 20 years older than you envious. Its all about taking a small risk and working out the flaws. And thats what I do consistently.

 

...or without it.

 

That's amazing to me that people will sell you scrap gold for $60/ounce. It is all over the media (TV, internet, magazines, newspapers, etc.) that gold spot price is much, much higher. TC

 

Its all about taking a small risk and working out the flaws. And thats what I do consistently.

My, my aren't we modest. (here I go getting penalized again).

 

:eating: Just enjoyin' a bowl of cheerios......

 

Open a "Cash for Gold" place eh? I can't belive that people actually take their old jewelery there, such a rip-off.

 

small risk = working with acids and doing whats probably illegal because of the gases released into the air. ive thought about doing it but even when youre done you dont have 24K gold - its more like 18-22K gold that would still have to be assessed.

 

Canada did a Palladium coin a few yrs ago.Palladium & Rhodium are a good buy per oz since a lot lower than platinum .

And there always will be a market for palladium& rhodium is used to keep silver jewelery to keep the silver from toning or turning black. and it is also used to make jewelery look antique too

 

Canadian Palladium Maples @ Apmex

 

A 1st class bunch of reply's & some 1st class member's too!

Krispy thanks for the link!!:thumb:

 

That was mainly just to show that they are still available, Apmex has quite a high premium on their palladium Maples. Kitco, Golden Eagle, Northwestern and others also sell them.

 

same idea, but the difference is that I treat people kindly and I dont turn them away regardless of what type of scrap they have.

True, however I do treat people kindly regardless of the scrap they have. Others have come in with complete silverware sets that got turned away from those other cash for gold places. or because the jewelery has precious stones in them the place wont take it. I work with what they give me. Silver is silver. gold is gold. Amazes me that thye wont take diamonds I mean for example some people have turned in $40 worth of gold but also a $1200 diamond. And they get more from the diamond then the gold. On top of that mark up for diamonds are hgiher than gold,a nd they are easy to sell, not as easy as gold but theyre quite liquid.

Most of the times that what occurs for the people who scrap it, but I have this little metal maching, you put the scrap in it, and it will identify what type of K gold it is. so it might say 12.17k, and when I send it to the smelter and get it assayed its usually only off by .05k which doesnt make a huge difference. Its a neat machine costs a couple $100 but worth every dime.