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<p>[QUOTE=&quot;cubenewb, post: 1015769, member: 25644&quot;]Scrap gold is tough. There are deals out there to be had; for example, 2 years back I bought a gold ring (very ugly looking) in a Buy it Now auction for 35.00 shipped; I bought it because the listing implied that the gold content was nearly 90.00. Upon getting it, I simply relisted the item, this time making sure to emphasize the gold content. Got 95.00 for it, and turned a 60.00 profit (useful when youre a kid and dont have a job). There are people out there selling gold who have no concept of its worth.</p><p><br /></p><p>But on the other hand, most people DO have some concept of the value of gold, especially nowadays with the surge in the demand for gold. As previously pointed out, the fact it was &quot;tested at &quot;24kt&quot; is dubious at best; could it be plated, gold filled, or even (dare I say it) electroplated? </p><p><br /></p><p>Overall, I think it&#039;s best that you were outbid; this just flatout looks like a ploy to swindle people out of their money.</p><p><br /></p><p>edit: As for your questions on 10/14kt gold and flakes. Nearly every auction on eBay trying to sell you gold flakes (whether in bulk or individual lots) is not a good deal. It can be profitable to invest in scrap gold, but anything less than 14kt is really not something most people are willing to meddle with. I&#039;m sure most would advise .999 as the way to go, but it&#039;s really up to you. Also, I&#039;m sure you already know this but just for the sake of ensuring your safety when purchasing gold online, make sure you familiarize yourself with GP, GF, and EP; all acronyms used by seller&#039;s to tacitly mention &quot;by the way... this isn&#039;t solid gold...&quot;[/QUOTE]</p><p><br /></p>

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