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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Another "Clever" Way To Sell "Gold"

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Author Previous TopicReplies: 3 / Views: 936Next Topic  
biggfredd
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United States
9104 Posts
 Posted 07/16/2011  7:17 pm Show Profile   Bookmark this topic Add biggfredd to your friends list Get a Link to this Message Number of Subscribers
Impressive TV ads showing replicas of $50 gold buffalos, one oz, yada yada, proof, serial numbered, yada yada, 24mg pure 24K gold, only $9.95, limit five.

Let's see:

0.024g / 31.103g/oz * $1600/oz = $1.23 gold content.

$9.95 / 0.024g * 31.103g/oz = $12,894.79/oz
Adam_E
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United States
4846 Posts
 Posted 07/16/2011  7:20 pm  Show Profile   Bookmark this reply Add Adam_E to your friends list Get a Link to this Reply
if you think about it, everything they say about the coin is true, but when you think about it even more, you find out that its worthless.
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mmerlinn
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United States
302 Posts
 Posted 07/16/2011  7:27 pm  Show Profile   Bookmark this reply Add mmerlinn to your friends list Get a Link to this Reply
Looks like a cheap way to get barely enough gold to see using a microscope.
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Silverhawk74
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3670 Posts
 Posted 07/16/2011  11:09 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Seems like just a hair over 12,000 an oz. on those plated Buffalo's is a great deal, lol....

I see that commercial all the time, and laugh it up. Limit five per caller, they are going fast....
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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