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    sysybeka's Avatar
    sysybeka Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 3, 2007, 01:50 PM
    Scrap Gold
    I am getting into the scrap gold business (At Home Mom ) - A couple of months ago sold my scrap gold I had laying around -took it to a pawn shop - Got some money at the time I was happy ! In doing research I found I could have received more by sending it to a gold refiner . So now I purchase scrap gold from friends , family others to send to refiner . Right now 1 gram of 14 k gold is $14.99 - So my question - How is it that on EBAY everyone is buying scrap gold with many many bids and ending close to the $14.99 per gram . How are they making money??
    N0help4u's Avatar
    N0help4u Posts: 19,823, Reputation: 2035
    Uber Member
    		  
    #2

    Oct 3, 2007, 02:02 PM
    Maybe they are jewelers that intend to make something with it rather than trying to scrap it?
    grammadidi's Avatar
    grammadidi Posts: 1,182, Reputation: 468
    Ultra Member
    		  
    #3

    Oct 3, 2007, 02:21 PM
    I think that if I was using eBay to sell something and was hoping to make good money for it, but my bids were low, I would create alternate user ID's or have friends/family members put in higher bids at the last minute hoping to get even higher bids and/or so I didn't have to sell something for such a cheap price.

    I don't know if that's happening, but that was the first thought that came to my mind.

    Didi
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