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I got cash 4 gold


JonS

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Actually, I used this place ... http://www.midwestrefineries.com/

Some gold of mine was lying around (former relationships) and I wanted to fund a little of my macbook pro upgrade this week.

It weighed .52oz on my kitchen scale. I got paid out for .456 troy oz at 95% of the market rate of $1412.00 ... or $475

My MacBook i7/SSD and I are quite pleased :)

5508165258_25a544420a.jpg

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I always wonder if the value of gold is $xxxx, why normal folks only get paid a % of that amount. Kind of like having a gas tanker and only getting paid only $2 a gallon. I wonder if I paid people $95 for $100 bills how many customers I'd have? :wtf:

I mean you know the jeweler isn't selling that ring at market price for it's weight in gold. :rolleyes:

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Its a business...not sure whats so hard to understand.

I understand, I just think it's often discussed by gold marketing people as if there is some magical exchange that means the gold you have is worth the market value making gold a secure investment. It's like foreign currency. I don't know of anyplace that will give you 100% of the value of a foreign currency in exchange for us currency. So if you invest you have to keep in mind that there is a 10-15% exchange rate in the purchase and sale. It's not a 1 for 1 deal. ;)

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Actually, I used this place ... http://www.midwestrefineries.com/

Some gold of mine was lying around (former relationships) and I wanted to fund a little of my macbook pro upgrade this week.

It weighed .52oz on my kitchen scale. I got paid out for .456 troy oz at 95% of the market rate of $1412.00 ... or $475

My MacBook i7/SSD and I are quite pleased :)

5508165258_25a544420a.jpg

Dude.....did you sell your class ring?

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Actually, I used this place ... http://www.midwestrefineries.com/

Some gold of mine was lying around (former relationships) and I wanted to fund a little of my macbook pro upgrade this week.

It weighed .52oz on my kitchen scale. I got paid out for .456 troy oz at 95% of the market rate of $1412.00 ... or $475

My MacBook i7/SSD and I are quite pleased :)

5508165258_25a544420a.jpg

I might not be a smart man but. 95% of $1412 = $1341

$1341 * .456oz = $611.68

$475 < $611.68 = $$$$$$$$$ PROFIT

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Make no mistake ... they are making their $$$ on this stuff !!! I wish I owned a refinery right about now.

@John - My overpriced laptop and I are doing just fine. After student discount and comparing other laptops ... $ for $ my preference is for Apple.

@TheKing - Nope, I still have that sucker ... this was other stuff ...

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Make no mistake ... they are making their $$$ on this stuff !!! I wish I owned a refinery right about now.

@John - My overpriced laptop and I are doing just fine. After student discount and comparing other laptops ... $ for $ my preference is for Apple.

@TheKing - Nope, I still have that sucker ... this was other stuff ...

I am not talking about the difference between Market price and the 95% they pay out. Look at their math

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I am not talking about the difference between Market price and the 95% they pay out. Look at their math

Yeah ... the math here is not a 'zero sum' game.

When talking to the guy on the phone they did an 'outright buy' (at the top of the pic) and used a few other industry averages for the pieces I sent. On they phone they told me what the averages were so I knew. Anyone doing this should call on their own.

They're working the percentages and making money ... make no mistake ...

If you send in more than 3oz of gold they spend more time looking and pricing the pieces.

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