Can you make a profit from buying gold leaf flakes on ebay?
Lucas B asked:
So I am a little confused, I was looking on ebay for gold (looking to buy a little as an investment) and I see that gold leaf flakes sell for very little compared to solid gold nuggets. Now what is confusing me is that even in auctions that state the weight of the gold leaf flakes (lets say it says 1 ounce) the price is amazingly low (less then $50). If I were to buy 1 ounce of real gold, that would cost me almost $1200. So why are these gold leaf flakes selling for so much less? If you were to melt the 1 ounce of gold leaf flakes down into a solid peace, wouldn’t the weight of the gold stay the same? I was thinking of getting an Oxy Acetylene Torch, a sand mold peace, safety goggles and gloves etc and melting it down myself. Any information you guys could give me into this matter would be most appreciated.
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So I am a little confused, I was looking on ebay for gold (looking to buy a little as an investment) and I see that gold leaf flakes sell for very little compared to solid gold nuggets. Now what is confusing me is that even in auctions that state the weight of the gold leaf flakes (lets say it says 1 ounce) the price is amazingly low (less then $50). If I were to buy 1 ounce of real gold, that would cost me almost $1200. So why are these gold leaf flakes selling for so much less? If you were to melt the 1 ounce of gold leaf flakes down into a solid peace, wouldn’t the weight of the gold stay the same? I was thinking of getting an Oxy Acetylene Torch, a sand mold peace, safety goggles and gloves etc and melting it down myself. Any information you guys could give me into this matter would be most appreciated.
December 3rd, 2009 at 11:39 am
Read the fine print in most of those advertisements:
“These beautiful Gold Leaf Flakes are scrap flakes from a leafing company which blends & cuts different base metal gold leaf scrap into flakes. These beautiful gold leaf flakes are not designed to be melted down. We do not make any claim as to any percentage of actual gold content contained therein.” rtfm
December 4th, 2009 at 7:01 pm
Purifying gold is labor and resource intensive. I looked into it with my son.
Not a money maker for a small scale operation. Chris G