I understand that gold market ia appx $640.00 am oz. i believe this is 24kt. gold what is 22kt. refined gold?
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Answer:
22 kt is 91.66% gold, so the value per ounce would be about 91.66% of that of 24 kt gold. 25 kilos is a LOT gold. No I would not "sit" on 25 kilos. Too much risk unless I had about $10,000,000 in other assets. You are talking almost $400,000 worth of gold. If and when the economy goes into a tail spin, that $400,000 could turn into $200,000. Of course Bush it doing his dead level best to turn it into 1.2 million. He may succeed.
just hold it, will go over $1000
The world trades in 99.99 gold That is considered 24 Karats
22 Karat gold is an alloy and won't trade exactly with real gold, because a buyer would probably want an assay done on your gold before it would be bought..that is not cheap.
The investment community buys/sells 24K gold coins like
Maple Leaf, or others, and they buy/sell bars refined by Special Known refiners Like Johnson Mathey
Stay way from buying unpure gold
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