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Buyer
Be Ware!
Gold
nuggets being sold online are sometimes sold buy intended
confusing, misleading methods, and, sometimes not real naturally
formed gold nuggets discovered in the Earth!
Advertisers that
do not provide accurate measurements (weight & size) in
certified world standard gold-market trade "troy ounce", and do
not provide images of the
gold nugget along with a size scale in the image, should be
avoided! No Excuses, No Exceptions!
Advertisers that
present their gold nuggets with the weight presented in grns
are to be watched carefully! GRNS is the abbreviation for GRAINS
not grams! This is mostly used to mislead the
average consumer, or is used by an inexperienced person. As a buyer of gold, you
must know how to do the
math and know the units of standard measure for the world gold
market.
-
Pure Gold
is Bought And Sold By Weight - The World Gold Market Standard Unit
Of Weight Is The "Troy Ounce". When you hear a market
price for gold, that is the price of 1 troy ounce of pure
bullion gold. Make sure you know the troy ounce!
-
There
Are 480
Grains In 1 ounce (oz.).
-
A GRAIN is only
.0648 of a GRAM, or .0021 of an ounce.
Example:
Here's an example from an actual auction on
Ebay.
A 43.1
grain
gold nugget, that was manmade, sold for $112! An
Artificially made gold nugget is not that impressive to own, do
to the simple fact anyone can do this! Now Let Us Figure
Out What This Nugget Was Worth AS Just Pure Gold (if it even was
pure gold to begin with).
A)
Do the unit-of-weight conversion math to get the actual gold standard troy ounce
weight:
43.1 grains is 2.8 grams
is .09 of a troy ounce!
B) Calculate the
paid auction price by the price of 1 once of gold.
$112 for .09 of a
troy ounce was paid.
Therefore, 1 ounce divided by
.09 = 11.11.
$112 X 11.11 =
$1,244 USD an ounce (troy ounce)!!!!
C)
Calculate the price paid by the gram.
1 troy ounce = 31grams.
$1,244 divided by 31 grams = $40 a gram.
That's
a lot of
money for a 2.8 gram man-made nugget in my opinion!
A 1
gram nugget is only .032 of an ounce and the size of a match
head. Not very impressive!
Bottom
Line
What Is The Value Of
The Specific Gold Nugget To You?
Some folks just like to collect different types of nuggets as
natural nuggets or to have a One-of-a-kind jewelry piece made of
it. If you like the nugget, and the seller has given you
enough honest information for you to make an informed
decision, and you feel good about the price, then you have invested in a rare piece of what Nature have
created - A One of a kind rare creation!
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