| Author |
 Replies: 25 / Views: 2,850 |
|
|
|
Bedrock of the Community
Australia
21788 Posts |
I have handled a 400 ounce gold bar at the Perth Mint. That's around 12 kilogrammes. |
|
Pillar of the Community
Canada
4944 Posts |
Quote:I have handled a 400 ounce gold bar at the Perth Mint. That's around 12 kilogrammes.  |
|
Pillar of the Community
Canada
862 Posts |
why the seller thinks this bar worth more than 10 Black Diamond Buffalos?
|
|
Pillar of the Community
Canada
1502 Posts |
old, poured silver Engelhard bars have a collector base that drive up their premium over melt significantly. I've seen such 3oz bars sell for almost $300 when spot is at 30/oz, and have traded 5oz and 20oz bars myself, selling them at ~$45/oz when spot's 33/oz. And they go fast too. I know their carded gold prospector rounds are selling for +70% of spot, but I'm not all that familiar with old poured gold Engelhard bars. I figure that collector driven premium for these larger gold bars would decrease significantly because the population of collectors that can afford such purchases is reduced. If I had the money..... i'd still stick to my 1oz RCM and PAMP Suisse bars. |
|
Bedrock of the Community
United States
14454 Posts |
I believe this one would be a better buy than the 1 in the op http://www.ebay.com/itm/9999-PURE-G...em4ab40bc5ee if my calculations are correct I believe this bar weighs over 2 pounds so about 35 ounces and I am sure it will go up from where it is now |
|
Pillar of the Community
United States
3670 Posts |
Wow Bryan that is a nice kilo gold bar, and up to nearly 45 grand, lol....
We always talk about people who can afford buys like that are far and few between compared to those no where in that buying neighborhood. And don't get me wrong as they are to some extent, but anytime you put something of value like that up an start it out way below its retail value, the bidders with money to buy come out of the wood work eh and push it up to its market value or beyond before it is all said an done, ever notice that?
Edited by Silverhawk74
02/18/2012 6:26 pm
|
|
Pillar of the Community
United States
3670 Posts |
One day I would like to be the Jack-wagon that bids like 50 bucks to start an auction out on a bar like that, and for some crazy reason, I am the only bidder on a 24 hour run, an the seller is late trying to end the auction.... And after the smoke clears (probably from the Studebaker, lol), old Silver-hawk would be setting there ready to make an instant payment for that 50 dollar pure gold kilo bar, rof  .... Now then, as established stuff like that happens to this guy like NEVER, so no need to waste time speculating on it, but just out of curiosity if that happened, would the seller be obligated to send me the bar,especially if they were crazy enough to list with no reserve starting that low on a 24 hour run, and not check back before 12 hours lock in? If it were me selling it, and I had a total brain shutdown an let that happen, I guess I would just have to take the lose and send it out, as I NEVER back-out on a deal.... |
|
Rest in Peace
United States
9104 Posts |
Quote:
if that happened, would the seller be obligated to send me the bar,especially if they were crazy enough to list with no reserve starting that low on a 24 hour run, and not check back before 12 hours lock in? ebay used to break down more obviously than it does today, sometimes being off for hours. Their policy was if they were down for more than an (two?) hours, they'd refund fees, but you were still obligated to sell at whatever price the system collapsed at. Having seen bids double or triple in the last minute, sellers were none too happy with that. |
|
Bedrock of the Community
Australia
21788 Posts |
One way a large gold bar can be faked is by pouring pure gold around a large lump of tungsten then completing the job with genuine stamps.
So how do you pick this sort of fake?
The only way to do so is with some sort of penetration radiation. An industrial X ray could do this. They are used for crack detection in metallic components in the aircraft maintenance and the building / bridge structural maintenance industries.
|
|
Valued Member
United States
172 Posts |
@sel 691: For some reason I'm thinking when an assay is performed a core sample is drilled...think I read in a Neal Stephenson novel (system of the World...)...it would make sense to do it that way, but not sure they do that in practice...
|
| |
Replies: 25 / Views: 2,850 |
First Page
Posted 02/18/2012 12:40 pm
