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I understand that gold market ia appx $640.00 am oz. i believe this is 24kt. gold what is 22kt. refined gold? |
is 22kt refine gold worth say 10% less than 24 kt? would it be wise to sit on 25 kilo of 22ky refine gold or invest elsewhere? 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 |
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