It comes from an analysis of many different posts and im not going to try and find each one but i will make an attempt to break it down for you guys
Analysis of different info:
One post claimed a consistent .8g of gold per kilo of ram
1kg = 2.2 pounds
1lb = approx 24 sticks of ram
1lb of fingers = an average of 2g of gold
Information on mikethescrappers recent video: 106 ram sticks ( 2kg or 4.4lb ) = 5.6 oz of fingers
Set up a simple proportion:
5.6/106 = 16/x
x=302.85, so we we will say 303 ram sticks fingers = 1lb of ram sticks fingers
another proportion:
4.4/106 = x/303
x= 12.57
So approximately 12.6lbs of ram will give you 1lb of fingers
Todays gold price: $1327 a troy oz or $42.67 a gram
2g = $85.33
12.6lb of ram = gold value of just fingers equals $85.33
Ok now lets look at what people are paying for RAM. Highest price ive seen from a straight goto buyer on this forum so far is 14.25 a pound
14.25 * 12.6 = 179.55
85.33/179.55 = 47.5%
So yes technically its a bit more, but lets factor in other things.
Applying a typical rule of thumb of a 20% profit margin assuming the buyer is reselling to a refiner as opposed to refining himself= 35.91 increasing the price to the final buyer (ie the refiner ) to 215.46.
85.33/215.46 = 39.6%
A little off on the 33% mark but not by much especially considering that some of these variables can be adjusted such as profit margin. It can be made to fit the 33% realm.
Anyways the point of this long winded post is to show that most of the gold isnt what you see and as a previous poster succinctly put "Thats why there isn't much of a price difference between gold and silver/tin ram."
Bookmarks