Bought 4 oz of Gold Fingers

Originally Posted by ryanw

That article says to expect between 1g and 3g of gold per pound of fingers. Even at 3 grams, you wouldn't be making profit after the toll for refining.

I'm not trying to be a downer. I just don't want you to keep buying fingers at that price with an expected profit.

3 grams of gold at todays price($1335.00 toz) equals $42.93 per gram which equals $128.79. Minus say 30% for toll refining leaves you with $90.16. If the fingers came from ram sticks, one pound of ram is going for around $15.00# approx if you sold to one of the buyers here. The fingers are getting approx $46.00#. So how do you figure you are losing money buy having 1# of fingers refined?
Remember also that the devalued ram sticks can still be sold to a buyer for approx $6.50#, the last time I sold them. So if you cut the fingers, sold them for $46.00 and the devalued sticks at $6.50 you net $52.50 which is almost 50% less than if you had them refined. Also keep in mind that the more material you send out the less the toll fee should be.

The 1 to 3 gram return is also based on many factors. Alot has to do with the type of cards they come off of. I refined one pound of ram which yielded a 1.4g button. It was my first refine and I know I still have values in my filters which I have not incinerated yet to refine the values in them. I am figuring another .3-.5 grams yet to be recovered.
PCI/video cards should yield higher since the fingers are larger. Most estimates are between 2-4 grams per pound but once again the variable is the type of cards they come off of.



Edit- Ram fingers I feel will yieled approx 1-2 grams per pound and fingers from cards should be 2-4 grams per pound. I used the example of 3 grams since that number was used in the post I was responding to. Aslo if you do decide to have anything refined please do your homework and investigate the refiner you want to deal with. Just like scrappers, there are honest and dishonest ones. If anyone needs a reference I can tell you that I have worked with Scott(Noblemetalworks) on a transaction and have nothing but good things to say about the way he conducts business. If he cannot work something out with you he can put you in touch with someone who can.

Edit #2- the dollar return is based on gold being refined to a purity of at least .996 which should get a little less than spot price when you would go to sell it.