What's a fair price to pay for alluvial gold today.

[Dave's Office]

My cousin Timmy and his mate from Port Macquarie have come over to WA for 3 weeks detecting with me and my brother and I suggested that we pool our finds so no one misses out, Timmy thought we should just keep what we find ourselves in case he finds a "Big Nugget" I told him the chances of that are zero and zilch, so now we have to pay cousin Timmy and his mate out for a couple of nice pieces I found and want to keep, my old mate Kerry reckons spot gold price less 12%. What do the experienced PA members think.

 

[geof_junk]

minimum of 3% below actual gold content .............. That is the common usual refining fee take.

 

[Aries]

When I send gold to refinery I usually get paid on 91-94% in gold value.
Refinery pays 2 % less than closing spot for the day, also a couple of hundred charged for refining.
Add them up and 12% less than the weight x Spot price is fair in my opinion

 

[kiwifred]

Normally Gold price less 15%

 

[sand surfer]

spot less 12% is what i got a couple of months ago

sometimes dave i think it depends on who is doing the buying and what they think they can get away with
well it seems like that around here with most of them

 

[Dave's Office]

Your probably right Grumpy, as it's my cousin and his mate I just want to pay them a fair price, I'll give them all the small pieces in the kitty and take that weight off my bigger bits. Cheers mate, hope you're well.

 

[sand surfer]

as well as the broken and worn out bits will allow dave cheers mate