My idea for scrapping Gold

I had this idea on how to scrap Gold and I was hoping you guys can tell me what you think. You guys have all been extremely kind and helpful in giving me advice so I thought I'd run it by you all before I invest.



Gold right now goes for 1700 an ounce - I believe. So I thought I could find scrap Gold over craigslist and sell that. I found Pandora charms worth (300$ in value) I believe, not sure going for 80 bucks. So I thought I could scrap these small charms for money at my yard.

So basically the idea is to find gold on craigslist, buy cheap and scrap high.
Tell me if you guys think this is a good idea.

KZBell, what do you mean by Squeaze out?
If gold is going for 1700 per ounce does that mean I can make 1k off of these charms at scrap value?

I just typed up a real smarta** comment to the OP, thought better of it and deleted. Good luck with your gold trading endeavors ScraperRick.

My head hurts.

Part time thanks for your response it was very helpful!
I sent pictures of the charms to my buyer to see if it's something he'll buy/give me an estimate on.

The lady is willing to part with all the charms for 80$. It dos sound fishy but I'll have to go there and see if their real pandora. How do I test it to see if It's real gold?

[QUOTE=ScraperRick;102095]Part time thanks for your response it was very helpful!
I sent pictures of the charms to my buyer to see if it's something he'll buy/give me an estimate on.

The lady is willing to part with all the charms for 80$. It dos sound fishy but I'll have to go there and see if their real pandora. How do I test it to see if It's real gold?[/QUOTE]

Rut Row! I don't mean to sound cynical, but if you don't even know how the hell to test gold then you have no business buying it. You will get upside down real quick if you are not careful. All it takes is one bad deal to blow any margin that you might have made. Also, don't rely on markings. I found what I thought was a white gold bracelet in the shred pile that was marked "14k" acid tested it and shot it with the niton and it was just brass. Stick with buying copper, iron and aluminum. At least you know what you are getting.

[QUOTE=BohemianLush;102221]

Originally Posted by ScraperRick

Part time thanks for your response it was very helpful!
I sent pictures of the charms to my buyer to see if it's something he'll buy/give me an estimate on.

The lady is willing to part with all the charms for 80$. It dos sound fishy but I'll have to go there and see if their real pandora. How do I test it to see if It's real gold?[/QUOTE]

Rut Row! I don't mean to sound cynical, but if you don't even know how the hell to test gold then you have no business buying it. You will get upside down real quick if you are not careful. All it takes is one bad deal to blow any margin that you might have made. Also, don't rely on markings. I found what I thought was a white gold bracelet in the shred pile that was marked "14k" acid tested it and shot it with the niton and it was just brass. Stick with buying copper, iron and aluminum. At least you know what you are getting.

Note to self, One could have a hell of a lot of fun at Bohemians' yard with some chain and gold spray paint.......

So I thought I could scrap these small charms for money at my yard.

I don't know of any scrap yard that buys gold.

Originally Posted by mikeinreco

There is one yard here that buys gold but they just got brought up on charges for buying a large amount of railroad steel LOL

I always wondered about that, seems like every time i go by tracks or a switchyard there is tons of scrap steel all over the place, mostly stuff too big to sneak off with like rails but ive seen huge piles of spikes and switches also

by me you need a notarized letter from the rail company to scrap railroad stuff

Uhh ohh

You need to find a gold refiner they will pay you the most

Gl scraping ScraperRick....