by Jake <newtonj@[EMAIL PROTECTED]
>
Apr 17, 2007 at 01:41 AM
On 16 Apr 2007 12:26:03 -0700, "kathy1945" <hiimblackdog@[EMAIL PROTECTED]
>
wrote:
>If you mined a 1.3 gram nugget, how do you calculate your likely
>profit? Last Friday the spot price of gold was $685, with a gram at
>$22.02. Spot price would make your nugget worth $28.63. So how much
>markup can you expect to realize to compensate you for your time and
>effort? Thanks.
There is a premium over spot paid for nuggets, but only from
collectors, and much od that is a matter of taste on the part of the
collector(s). Supply and demand will rule the day still. I don't
think you can think of it in terms of your time and effort as you say.
-Jake
