Buying gold 20% to 30% less in Mexico ?
I am not saying to buy stolen goods in Mexico, but this is just for educational purposes.
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Profit from buying Cheap Gold
Money is made on investments based on disinformation or mistakes in market information. Miscalculations on investments allow for greater profits.
I have profited from gold jewelry at garage sales and swap meets. Old gold jewelry does not look like gold. It is tarnish and ugly. A garage sale buyer will always try to find the kt. symbol. However, the real find is when you find a decimal character such as 0.750 or 0.625. These numbers are used mainly in Europe to represent the percentage in gold. For example, 0.750 = 75% gold. 0.625 = 62.5% gold.
Below is a chart the represents gold carats to European decimal system and percentage reflected as purity:
- 24 karat = .999 = 99.9% Purity
- 22 karat = .916 = 91.6% Purity
- 20 karat = .833 = 83.3% Purity
- 18 karat = .750 = 75.0% Purity
- 15 karat = .625 = 62.5% Purity
- 14 karat = .585 = 58.5% Purity
- 10 karat = .417 = 41.7% Purity
- 9 karat = .375 = 37.5% Purity
About six months ago, I found an old tarnish bracelet. It was in a box with other old gold jewelry. The bracelet was marked 0.750. Clearly this was 18 Karat Gold. I asked "how much?" The seller said "5 dollars." Then, I said, "are you sure?" The she said, " three dollars." I took it. I had it cleaned and sold it for $520 on ebay.