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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: 4figureau who wrote (961)	8/19/2002 7:50:58 AM
From: IngotWeTrust	of 5423

This one quote from #961 made me laugh outloud, 4figureau: The weak link, in the UK particularly, is the prevalence of 9 carat gold which is not gold at all, but a base metal alloy. If gold jewellery is to be promoted for its beauty and value consumers have to be alerted to the fact that this type of gold has no value. The sums are very simple. The gold in a wedding ring weighing 6 grammes would be worth US$60 if made of pure gold, but most are made of 18 carat gold so the underlying value is only US$45 or £30. Thus it only adds £15 to the manufacturers’ costs to use 18 carat gold as opposed to 9 carat gold, while at the retail end the price can double. It is a con and if the new team at the WGC is to promote gold jewellery for its link to value consumers will have to be educated. DITTO 10K gold isn't gold either. It's the old truth in labelling gig: is it "Kraft Macaroni and Cheese" or Cheese and Macaroni?" Hahahahahaha... GREAT FIND!!! g_t

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