Buying and Selling Gold
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- Опубліковано 8 лип 2024
- This is how and why i buy gold to help me run my Pay-Dirt company The Old Mouldy. Its a simple process but at times a job the carries the responsibility and risks of the old time miners. Dealing with large quantities of gold is both rewarding and dangerous. Lots of cash makes people do silly things.
theoldmouldy.com.au/collectio...
#GoldBuying #PayDirtCompany #TheOldMouldy #GoldProspecting #GoldBusiness #GoldMining #GoldInvesting #GoldRush #GoldSafety #GoldHandling #GoldEntrepreneur #GoldInvestment #MiningRisks #GoldProcessing #GoldSupply #GoldMarket #GoldDealer #GoldTransactions #GoldManagement #GoldOperation #GoldInvestmentStrategy #GoldTrade #GoldCommerce #GoldIndustry #GoldProduction #GoldPurchasing #GoldProspector #GoldVenture #GoldEconomics #GoldFinance #GoldWealth #GoldResources #GoldExtraction #GoldHandlingSafety #GoldProfit #GoldResponsibility #GoldOpportunity #GoldOwnership #GoldMarketInsights #GoldSecurity #GoldHandlingRisks #GoldOperationManagement #GoldMarketStrategy #GoldTradingRisks - Ігри
ROI is for delusional people. You're having an experience delivered to your doorstep, an experience that has been collected and packed by your favourite UA-camr. Do you honestly think that you're going to get that plus your investment? You're in the wrong game if you seriously do! It's all about showing support for the community and a small reward for the hard work that they put in on a daily basis. 👍🏻⚒️🏴
Questions answered. You're truly a wonderful person Chris. Keeping it real. May Gold bless you always
Great you explained what’s involved.
Cheers Famo59 👍🍻⛏️
Rain in Beechworth. Normal winter scenes. I went to primary school there. It often snowed.
Never apologise for making a profit mate. Its hard earned and deserved
Gday Chris, got me slobber bag. I been trying to pan it down. Great fun. But i am novice. There is definitely gold though. Still got a heap of black sand to go through as well. Ive never see gold so fine, so its been a great opportunity to see what it looks like in person and will help me out spotting fine gold when I go prospecting. Thanks so much Chris. 😁
We sound like the same animal 😂. Tough wasn't it. I've had to pan it several times just to be sure.
Gday champion,
You're a quality human. You support your community and support enthusiasm in the field.
Really rate the mateship between you and Gadzee.
And you're a great teacher.
Well done.
the jewlery man has gorgeous stuff....i want, i want
Thanks for answering a question that I’ve often wondered about 😊
Excellent system Chris, I like the way you do things and I like that Gadzee gets in on the action..
You know I can see up your beard!!
great share btw
Excellent episode on the process. 😊
Beautiful Moonstone Gadzee, my neices birthstone
Thanks for sharing Chris I hope to be doing business with you soon.
Thanks for sharing
Thanks Chris and another sleepless night it was great to get out of bed and watch this video just like being a kid on the weekend watching cartoons will probably have to watch it again later I got a little bit of brain fog still
Keep up the good work
Hard work...
I visited the beautiful Beechworth last weekend. Got to be honest that I looked at Reedy Creek and wondered what I'd need to do to move there and potter down in the creeks and valleys.
Thats great overall. When i had toms gold dirt im not 100% sure if i made 15% after it was all said and done but with so many conpanies out there slinging legitimate garbage bags with hardly any gold it is awesome that you are able to put out awesome products and the entertainment value makes up the other 35% in my opinion
Only huge gold sellers can offer 100% ROI on their paydirt because the cost is covered by their other sales and they only offer it for limited times to keep from going broke. Thanks for sharing see you on the next one👍🏼👊🏼 p.s. I had a feeling you buy gadzees gold lol (probably micks to)
Or they pay the miners less for their gold and profit the difference
never knew there was so much to it!
You've found a wild Gadzee 3:24 😂😂
raaaaah
@@buckshotprospector 😂😂❤
That's gold bro!. And we love it 😅
Good job !
Thanks!
Mad respect. If you make it they will come
Oh Chris, i found another platinum nugget today about 3/8 inch long, but it ain't 4sale...to be honest I had lost it a few years ago in a vial along with gold dust vial, specim😢in a vial & gold flake/pickers...prospecting in my shed
Rained off in the UK so this has just landed right
I tried to make a profit from a small hillside effluvial deposit many years ago. Moved 2 yards of paydirt, sluiced using a water recovery involving some 'seashell' kids' pools. All the water had to be carted in. Got lots of fine coarse gold with occasional pickers and quite a lot of wire gold. End result was 5 grams after 40 plus hours of very hard work. Gold was $720/ounce at that time. No real profit. I'd love to be able to access that spot again, but landowners have changed and large mining companies have now got exploration permits covering the entire area.
Hey at least you tried brother.
@@SpudEngineering Wish I could get back there now. would definitely be worth putting some effort into it.
And here I was thinking you buy gold bars and have your minions grinding away to make gold dust like Rumpelstiltskin 😂
Man I thought gazzys pan on the scale was going to fall off.
magic blu tac
Liked, shared and commented 🍻🤴🏻🗽 7:20
I'd check that last blokes gold pretty closely. I have seen him out on the creek salting his pans with brass and pyrite shavings to make his thousand dollar pans he always finds in every video
You mean sean
@SpudEngineering is that old hasbeen still around
The roi you mentioned. Does that factor in the cost of postage as well? I used to sell paydirt bags on ebay. They charged 13.4 % . The only thing I found that really stopped me selling gold was info from the ATO saying that you are allowed to sell $10,000 of gold per year before having to pay tax. This may have changed.
Thanks for sharing Chris. Cheers
The ATO charge you income tax. So it's whatever your bracket is.
Question not relevant to this post, could a mega sluice be made from an old plastic, kids, backyard slippery dip. Bit of fake grass mat and angle iron?
Yep
Don'y forget to claim those costs as Tax deductions, you deserve the money more!
Ether furns dandruff is playing up or the paydirt bag I got had heaps of fine nenos it’s so hard to clean 😅
That gold is special gold for a +5 difficulty
Why would I buy pay dirt gold? To get Australian gold for my collection.
So if you want a gold sample from a specific location find a reputable seller that will give you the source location of the gold.
I personally do not buy pay dirt but I would/will buy from Chris to get Australian and Emily to get Alaskan gold. Saves me a trip.
That's why I've done it. To own a specific bit of ground.
Gaddsy recalibrate your scales with 2 \20 cent and a 10 cent piece of which should be 28 grams .
Or use two fifty cent coins and hey presto, it's one ounce or 31.1 grams
i might buy some new ones if I was pablo escobar id be pretty peeved off
@@sheerluckholmes5468an ounce is 28.35 grams
I would not trust that the coins are the exact weight they are supposed to be. Plus / minus 0,15g each for uncirculated ones is more or less the standard.
Interesting and understandable. Why would you sell something for nothing?
Is it Gadzee, gadzi, Gadzy, Gadsee, gadsi,Gadsy or just simply Senior Sweatpants?
gadzee
Remarkably low margin! Your customers are getting an absolute bargain with every purchase.
Don't forget forget to factor in the blood, sweat and tears that go into finding the gold, whether shoveled or bought. That's about 100%.
Also, I have saved all of the larger pieces of tin in your paydirt so that in 9.238 years, I will be able to melt enough metal to make a cup.
Tax ????? This would be income that is supposed to be declared.
How dose this work into your equation.?
That's income tax and taken into consideration as all other bussiness sales.
Thanks for the reply, the reason I ask is that you need to take away the tax percentage from your profit in the example you are explaining in the video. This will lower your overall ROI and probably show that you are making considerably less profit at the end of the day.
That said your channels is worth watching. Good luck with the prospecting
You will also have to pay income tax on the minute amount you end up putting in your pocket
That's factored in to the 20%
@@SpudEngineering Couldn't you claim your expenses Chris ?
Chris, how big a cut does Miss Fern charge for her Appearance Fees in your videos? With all of her screen time in this video, I fear that she might send you broke! 😂
Just kidding!
Cuddles and pats for Miss Fern from Uncle Mark from Melbourne!
She's expensive
Was that gadzee or his clone??
DONT TELL GADZEE!!!!
Where's the KA-BOOM? There was supposed to be an earth-shattering KA-BOOM!
Oh, wait. Wrong vid. My bad. I'm deservedly embarrassed. Sorry. I'll just go now...
Selling gold to a buyer you never get full price. Its all lower.
That's how bussiness works.
That's how bussiness works.
@@SpudEngineering that's my point exactly.
I just watched a few Discovery Australia episodes of Gold Prospecting and they're finding $5000 to $30,000 worth of gold in every episode regardless of where they are detecting or sluicing. Why don't I ever see that in the hundreds of UA-cam videos of people searching for gold in Australia?
Because they fake it.
@@SpudEngineeringlol sorry for not sounding sarcastic enough. I know they're all fake. That's why I appreciate what you really do that much more!
Above award rates,
The gold diggers union.
I know some girls who are gold diggers, and they would love to get above the award.
Well, just make sure that they don't get their claws into you and your assets!
I don't care how tempting their enticements may be, steer clear of them! 😢