# opening a we buy gold stand near hvcc

**URL:** https://forums.speedlife.net/t/opening-a-we-buy-gold-stand-near-hvcc/258838
**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:** 80

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### Author: ![Mk4\_30R\_Ban](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/mk4_30r_ban/32/6347_2.png) [@Mk4\_30R\_Ban](https://forums.speedlife.net/u/Mk4_30R_Ban)
#### Post date: [July 17, 2011, 10:20pm UTC](https://forums.speedlife.net/t/opening-a-we-buy-gold-stand-near-hvcc/258838/80 "2011-07-17T22:20:20Z")

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> [@how can i get some Revenge? im stressed.](https://forums.speedlife.net/t/how-can-i-get-some-revenge-im-stressed/43977/7):
>
> 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

all you did was just break down everything he said a step further by showing the formula he used. you didnt even answer his question :lol

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