Buying and Selling Gold

[@hasmeadali7316]

Questions answered. You're truly a wonderful person Chris. Keeping it real. May Gold bless you always

[@BillboBaggins]

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.

[@edgar-j6h]

the jewlery man has gorgeous stuff....i want, i want

[@weekendwarriorprospecting817]

You've found a wild Gadzee 3:24 😂😂

[@buckshotprospector]

raaaaah

[@weekendwarriorprospecting817]

​@@buckshotprospector 😂😂❤

[@TalRohan]

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

[@weekendwarriorprospecting817]

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 KZbinr. 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. 👍🏻⚒️🏴󠁧󠁢󠁥󠁮󠁧󠁿

[@pantonman]

Rain in Beechworth. Normal winter scenes. I went to primary school there. It often snowed.

[@steveduffey5790]

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

[@MrYabbie]

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.

[@tommelvin6016]

Never apologise for making a profit mate. Its hard earned and deserved

[@James-fi6rv]

Beautiful Moonstone Gadzee, my neices birthstone

[@johnharrop5530]

Thanks for answering a question that I’ve often wondered about 😊

[@stevenmckechnie4380]

Thanks for sharing Chris I hope to be doing business with you soon.

[@MadMarlin1964]

Excellent episode on the process. 😊

[@Famo59]

Great you explained what’s involved. Cheers Famo59 👍🍻⛏️

[@danielflinn3571]

Thanks for sharing

[@soggybottomgoldprospecting3586]

Man I thought gazzys pan on the scale was going to fall off.

[@buckshotprospector]

magic blu tac

[@dallasezell738]

Keep up the good work Hard work...

[@tomsrandomness]

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

[@James-fi6rv]

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

[@699hazard]

And here I was thinking you buy gold bars and have your minions grinding away to make gold dust like Rumpelstiltskin 😂

[@timsanders9139]

Good job !

[@SpudEngineering]

Thanks!

[@geradkavanagh8240]

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.

[@SpudEngineering]

Hey at least you tried brother.

[@geradkavanagh8240]

@@SpudEngineering Wish I could get back there now. would definitely be worth putting some effort into it.

[@Heapsgoodprospecting]

never knew there was so much to it!

[@steven_ewen]

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

[@SpudEngineering]

The ATO charge you income tax. So it's whatever your bracket is.

[@ChefVProspecting]

Mad respect. If you make it they will come

[@JasonMcMahon-h1c]

That's gold bro!. And we love it 😅

[@48thstateprospecting]

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)

[@SpudEngineering]

Or they pay the miners less for their gold and profit the difference

[@rayhoskin8479]

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?

[@SpudEngineering]

Yep

[@davidthompson9561]

Gaddsy recalibrate your scales with 2 \20 cent and a 10 cent piece of which should be 28 grams .

[@sheerluckholmes5468]

Or use two fifty cent coins and hey presto, it's one ounce or 31.1 grams

[@buckshotprospector]

i might buy some new ones if I was pablo escobar id be pretty peeved off

[@olsim1730]

​@@sheerluckholmes5468an ounce is 28.35 grams

[@antonschulte9150]

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.

[@colinnash9422]

Rained off in the UK so this has just landed right

[@fliesbylonk]

Is it Gadzee, gadzi, Gadzy, Gadsee, gadsi,Gadsy or just simply Senior Sweatpants?

[@buckshotprospector]

gadzee

[@trevdyer173]

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

[@SpudEngineering]

You mean sean

[@trevdyer173]

@SpudEngineering is that old hasbeen still around

[@josephknowlton7246]

Liked, shared and commented 🍻🤴🏻🗽 7:20

[@AndrewBailey-r1i]

Tax ????? This would be income that is supposed to be declared. How dose this work into your equation.?

[@SpudEngineering]

That's income tax and taken into consideration as all other bussiness sales.

[@AndrewBailey-r1i]

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

[@Yosemitespan]

Ether furns dandruff is playing up or the paydirt bag I got had heaps of fine nenos it’s so hard to clean 😅

[@SpudEngineering]

That gold is special gold for a +5 difficulty

[@brodrick3164]

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.

[@SpudEngineering]

That's why I've done it. To own a specific bit of ground.

[@darrendoolan4906]

Interesting and understandable. Why would you sell something for nothing?

[@killmozzies]

Above award rates, The gold diggers union. I know some girls who are gold diggers, and they would love to get above the award.

[@markfryer9880]

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! 😢

[@jessewhite2226]

Don'y forget to claim those costs as Tax deductions, you deserve the money more!

[@joshbryant7261]

Was that gadzee or his clone??

[@buckshotprospector]

DONT TELL GADZEE!!!!

[@stephenweihrauch5252]

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%.

[@stephenweihrauch5252]

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.

[@markfryer9880]

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!

[@SpudEngineering]

She's expensive

[@johnkerry1524]

You will also have to pay income tax on the minute amount you end up putting in your pocket

[@SpudEngineering]

That's factored in to the 20%

[@MickH60]

@@SpudEngineering Couldn't you claim your expenses Chris ?

[@kelterskelter1969]

Remarkably low margin! Your customers are getting an absolute bargain with every purchase.

[@PowRKord]

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...

[@mrgreenswelding2853]

Selling gold to a buyer you never get full price. Its all lower.

[@SpudEngineering]

That's how bussiness works.

[@SpudEngineering]

That's how bussiness works.

[@mrgreenswelding2853]

@@SpudEngineering that's my point exactly.

[@cruejones742]

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 KZbin videos of people searching for gold in Australia?

[@SpudEngineering]

Because they fake it.

[@cruejones742]

​​@@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!