# opening a we buy gold stand near hvcc **URL:** \ **Category:** Shift518 Off Topic\ **Created:** [June 8, 2011, 6:01pm UTC](https://forums.speedlife.net/t/opening-a-we-buy-gold-stand-near-hvcc/258838 "2011-06-08T18:01:34Z")\ **Posts on this page:** 1\ **Showing post:** 78
**Author:** ![love4boost](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/love4boost/32/6658_2.png) [@love4boost](https://forums.speedlife.net/u/love4boost)\ **Post date:** [July 17, 2011, 10:10pm UTC](https://forums.speedlife.net/t/opening-a-we-buy-gold-stand-near-hvcc/258838/78 "2011-07-17T22:10:19Z")
> [@eclipse turbo installation](https://forums.speedlife.net/t/eclipse-turbo-installation/29604/74): > > So teach us… for easy math… if i have a one ounce 10k ring, would that be roughly 42% pure… that would be About $650 (based on $1550 oz. If you buy at pennyweight… does that mean at best one could expect is about $415 for that one ounce 10 ring? Just tyin to find the overall margin assuming…lol…prices dont change. Is the conception correct here? 10k = 41.6% gold 14k = 58.3% gold 18k = 75% gold 22k = 91.6% gold 24k= 100% gold The “spot” price is the current gold value Say right now its $1500 Theres 20 pennyweights in an ounce (31.1 grams) “spot” divided by 20 (an ounce) x the karat in number form x the percent your getting paid = how much PER pennyweight. Assume your getting 100% which is impossible but just to make it easy. 1500 divided by 20 times 416 times 100 = $31.20 per pennyweight of 10k $31.2 times 20 (an ounce) = $624 At 1550 it would be $644.80 for an ounce of 10k --- _[View the full topic](https://forums.speedlife.net/t/opening-a-we-buy-gold-stand-near-hvcc/258838)._