This guy is 100% pure gold himself for the act of sharing the must know information with the public concerning buy/selling ,pricing, value of gold and gold jewelry items & products etc. Standing ovation for him because of the information he has freely given out! Any where or anyone else you would definitely have to pay for it! His act of sharing is caring is priceless!
@RKTreasureCenter3 жыл бұрын
Awwww Thank you for the wonderful comment👍
@ricardohenriquez13953 жыл бұрын
YEAH YOU BEEN GETTING RIPOFF UFFF FOR THE YEARS IN THE U.S CAUSE WHAT IS THE COST OF GOLD IN COLOMBIA PANAMA AND LATIN COUNTRY THEY WAY OVER PRICED WE PAY LETS SAY 100 FOR 10KT RING YOU WILL PAY THE TRIPLE.
@seanmacattram93203 жыл бұрын
Seanmacattram
@VinnieVega763 жыл бұрын
@@ricardohenriquez1395 I do believe, and correct me if I'm wrong, that the price of gold anywhere in the world is the exact same price. If Cuban price of gold is higher, then you made more money selling it to the Cubans. I just don't get your point?
@VinnieVega763 жыл бұрын
@Unknown G shotta just currency exchange rates right?
@ljbull333 жыл бұрын
Selfless honest and kind = rare ,we do actually have these people here in the world; Easier to find cheaters,scammers and haters. Thank you Roy
@RKTreasureCenter3 жыл бұрын
Thank you for watching and your kind comment.👍
@elm4nsuri3 жыл бұрын
is it tho? really? ask urself. whats he to gain from divulging the secrets of his trade? how much of it is altruism and how much of it is for views/monetization/subs do u think?
@dr.brandileebunge3 жыл бұрын
@@elm4nsuri Your Judgements are from a place bias my friend. What's your viewpoint is what your motivation/actions are as what you'd do in his shoes. Your not open minded to really read or feel his Energies. I read people just I read your Energies now behind your commentary. Pretty much Verbatim Right? Honestly "YES!" He is retired his simple backdrop his wording is in layman's terms detailed very concise. Think before reacting sir the world & yourself will be better for it...
@grayman7353 жыл бұрын
@@RKTreasureCenter Now understand why my insurance agent told me to get my wifes jewelry appraised before having it insured. I had a very rude awakening when they evaluated my watches..VERY subjective..😒
@kclund11253 жыл бұрын
Boy ain't that the truth, thieves, liars everywhere
@Daniel-b1s3sАй бұрын
Investors are drawn to gold for several reasons: its long-standing history as a store of value and medium of exchange, its effectiveness as a hedge against inflation or currency devaluation, and its scarcity compared to other commodities. Gold also provides diversification benefits, as it typically has a low correlation with traditional assets like stocks and bonds. However, it's important to recognize that investing in gold carries certain risks and may not suit every investor. It’s essential to assess your financial objectives, risk tolerance, and overall financial situation before making any decisions.
@FerdLerdАй бұрын
Personally, I find gold to be a solid investment and plan to keep increasing my holdings to recover past losses. While silver, equities, and digital assets also offer good opportunities, my collectibles don’t play the same role in my strategy. Defining clear investment goals and educating yourself about your chosen investment types is crucial for long-term success.
@Toni__MichelleАй бұрын
Yes, gold is an excellent investment and a strong hedge against the declining value of the dollar. I’ve held a position for some time, and I’m especially thankful for my advisor’s rapid adjustments in response to market shifts-without that, my losses could have been substantial.
@FrankJaaayАй бұрын
I'm new to all of this. Where can I find a fiduciary advisor? Do you have any recommendations?
@Toni__MichelleАй бұрын
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
@HotManP-l5gАй бұрын
Thank you for the recommendation. I looked her up, sent her an email, and I'm hoping to hear back soon!
@khongcolong Жыл бұрын
This guy is 99.9% gold! Sincere and honest content. We need more of this on KZbin. Thanks!!
@RKTreasureCenter Жыл бұрын
I appreciate your comment. Thanks for watching.
@LuckyCharms777 Жыл бұрын
Best comment. 👍
@cubertmiso Жыл бұрын
Information bandwidth is really low. Gold guide for low IQ hamsters. Rotating same obvious things over and over.
@janetcastruita275 Жыл бұрын
💯
@kittygonzalez2827 Жыл бұрын
I’m not aa math person...but ratio and proportion is what you’re doing, and it’s mean x extremes...easier to see if you label it in the equation!
@svanablak2 жыл бұрын
i am never buying ANY jewelry the same way again! dude, you just gave us THE game!
@RKTreasureCenter2 жыл бұрын
😁👍
@vinjanderson3 жыл бұрын
I already know about gold, but I just want to say, as a gold enthuisat, That I 100% thoroughly love and enjoyed this video. I support this man's hard work & efforts to teach the common consumer
@RKTreasureCenter3 жыл бұрын
Awesome....thank you😁👍
@gordendavis35852 жыл бұрын
Did anyone know that goal is a rare Element because it can only be produced during one event, and that event is a supernova explosion when the sun has exhausted all of his hydrogen begins burning heavier elements until it runs out of any elements to burn and the force of gravity is so intense that it compresses the star down to its core and a massive explosion occurs doing this massive explosion the intense pressure of gravity causes all of these elements to be spewed out into the Galaxy are nickel copper Platinum uranium and of course gold. Man has been able to reproduce gold in the laboratory however it is extremely expensive and not cost-effective when you are modifying the atomic nuclei of an atom in order to get the appropriate atomic number for gold. I won't go into the details of atomic mass and atomic weight but that's the whole point it's all about the proton neutron electron configuration of an atom which determines what element and material will be. So just what I said gold is extremely rare and that's why it has such value it's a beautiful metal and it can only be created in the heart of a dying star.
@Eagle-zl4gz2 жыл бұрын
@@gordendavis3585 and that’s why it’s called gods currency
@mono4on Жыл бұрын
this videos so wholesome that my heart grew by 58.3%
@RKTreasureCenter Жыл бұрын
Lol....love it. 😁👍
@tofagakilifi95356 ай бұрын
@@RKTreasureCenter so $70.94nz per 1 gram of 14 k at $3,790.85nz spot as of 10.22 pm 15 of June 2024?
@richardziegler9514Ай бұрын
I have been guying gold and silver for years from garage sales , thirft stores.... About 8years ago went to a thrift store and bought a lapis lazuli antique braclet for $20. I believe the thrift store tought is was silver .925, however i had my jewelers loupe and it was actually stamped .950 platinum! and the lapis was the really nice old dark blue with the gold pyrite flecks. Wife loves it!
@RKTreasureCenterАй бұрын
That’s a great find! 👍
@thealchemist8517 ай бұрын
Thanks dear .. the fact that you share this knowledge for free, shows what a golden heart you have!
@RKTreasureCenter7 ай бұрын
Thank you for your comment. It's very much appreciated. 👍
@jmsBungz11 ай бұрын
I'm British🇬🇧🇬🇧 I own 9ct Gold here I love your video, I do have to say iv even had 9ct jewellery handed down 3 or 4 life times it does not tarnish Quickly quite the opposite robust & sturdy no less.. I only have 24ct small bullion.. Alot of my Indian 🇳🇪 friends own alot of 24ct jewellery and it's forever breaking Bending, snapping beacuse of the high purity being softer
@RKTreasureCenter11 ай бұрын
Hello British...Yes, 24k jewelry is nice and expensive, but makes for lousy sustainable jewelry. Thanks for watching and sharing. 👍
@jmsBungz11 ай бұрын
Also when I buy diamond rings I only buy GIA certificate if it's from a store with all the paperwork u get a good £800 to £900 on a £1300
@GourmetTouch2 ай бұрын
Ya what fools people can be buying pure gold 😂
@alaa-eldin_hamdan2 ай бұрын
Indian jewelry is majority 22K
@johnchrysostomou9417Ай бұрын
Alot of Asian people in the uk own gold jewellery for the value. Not for wearing out .
@kelseycurtis15462 жыл бұрын
I learned these things over a 5 year period.It's exactly right,and it will be worth 1000's to listen to what this man tells you.Good info,not difficult to learn.
@RKTreasureCenter2 жыл бұрын
Thank you Kelesy 😁👍
@junkjeniusgallery532 жыл бұрын
A magnet is a great tool for separating base metal jewelry from silver and gold. I learned this years ago.
@RKTreasureCenter2 жыл бұрын
😁👍
@310katie3103 жыл бұрын
I listened to this at 1.5X speed and 1) LMAO 2) had my mind blown by how much this dude knows. Favorited, for sure! I learned so much - THANKS!!
@RKTreasureCenter3 жыл бұрын
Awesome Thank You! (replied at 1.5 speed....lol😀👍)
@dreamer18243 жыл бұрын
Try .50 speed. Bro sounds like Otis Campbell! Drunk as a skunk! 😂
@random49693 жыл бұрын
Katie 😊
@ACV-17 ай бұрын
Yh I'll speed it up too
@davidbenner22893 жыл бұрын
My parents were into gold and diamonds. I used to hang out in jewelry shops in Hong Kong, Vientiane, Bangkok, Beirut and Amsterdam. Mom and dad used to have custom pieces made, nothing less than 18 karats but, not more than 22 karats. Though we have a piece of hand woven silk with about a 30cm x 1 miter of 24 karat beads: each of the thousands about twice the size of a grain of rice. All this sold off years ago, dad having passed a lot 21 years ago. I know quite a bit about hold and diamonds, as well as the quality and value if prescious stones. With all this said, I never had a better class or seen a better video on the value and quality on gold jewelry and metal than this one. You get an A+++ or, if if it was compared to the very finest of gold, you would be 99.999 pure! I don't consider owning anything with gold in it if it is less than 18 karats. Excellent video! Bravo! Thank you very much for this.
@RKTreasureCenter3 жыл бұрын
Thank you for your comment and for the information👍
@sharonharris75343 жыл бұрын
Roy, u r worth 1000x ur weight in GOLD for the knowledge u shared in this video. I grabbed a notebook n backed up several times to correct my messy note taking & caught little comments (missed due to noise (dog barking, interruptions, etc.) Jewels that I would have missed!! Thank you for the wealth of Wisdom shared.
@skyelee93983 жыл бұрын
Pawnshop will usually sell 3Xs what it’s worth. So if they’re offering you $100 for a gold piece that means that they need to sell it for around $300. Stay away from pawnshops to sell any gold piece. But if you need a quick loan that’s a good place. Loans only.
@RKTreasureCenter3 жыл бұрын
So true👍
@EYEH8MOSTOFYOU2 жыл бұрын
My dad used to own a pawn/buy&sell here in las vegas and he told me that for gold they wouldnt pay more then 35-40% of what the item was actually worth.but he always would start with a 30% offer and work up to 40.its a greedy business
@giselle12452 жыл бұрын
SkyeLee what if you sell fake jewelry?? Will they still buy it for 100??
@bonniejosavland322723 күн бұрын
Sometimes 6 times!
@waynesmith75129 күн бұрын
@@bonniejosavland3227 worked in pawn/2nd hand for 12 years, in AUS, 15 or so years ago. We bought at $5 per gram and sold at $12 a gram. Government got 10% of profit. We also bought new gold as in necklaces at $12 a gram and Sold at $17. Jewellery stores started at $34 a gram and the worst I saw on a baby bracelet was $100 a gram. Boss did one and they paid $125 a gram. Also, not everything stamped is gold. Boss was looking at a very heavy bracelet stamped 18CT. Something did not seem right so took it to our jeweller who did our ring resizing. Nope it was very heavy plate gold
@davidzetterqvist874610 ай бұрын
Just remember that if your gold is a designer piece or has real gemstones. An auction or antiques dealer would probably be a better option than a gold shop.
@RKTreasureCenter10 ай бұрын
True 👍
@FlagPony5 ай бұрын
Thank you for taking all this time to explain so many details. Great job.
@Nicholasxie2 жыл бұрын
Thank you for this wonderfully informative video. I grew up in Asia and 24k gold was the only gold I knew. My parents have always told me to treat 24k gold as money. They sneer at any gold that’s is less than 24k. When I came to the U.S, I realize how popular 14k is in jewelry. I prefer wearing 14k because it retains its shape unlike soft 24k jewelry. After watching your video, I have learned that next time I go to estate sales, I will buy solid gold jewelry pieces without embellishments because pawn shops won’t give me much or anything for the stone. I also need to buy a scale so I can find out the value of my existing gold pieces, especially 24k ones that my relatives gave me as wedding presents. Thank you for sharing your knowledge!!! 🥰
@RKTreasureCenter2 жыл бұрын
Glad you watched and if you sell your 24k jewelry....get the maximum amount. 😁👍
@donaldmaxie97422 жыл бұрын
24K gold doesn't wear well. If you wear it as jewelry alloys hold up better. Also industrial standard is+/- 0.5 k of the marked quality. Guess what side of the marked fineness you get when you buy jewelry.
@kaimanyu5862 жыл бұрын
@Donald, in China we care only about 24k gold, nobody wants jewelry that is less than 24k.. Jewelry are status symbols, so wearing cheap gold doesn't work, it's also very easy to spot when something is less than 24k.. So people don't like to wear it... If you're going to show off, wear the real stuff....
@joelspaulding5964 Жыл бұрын
Almost no jewelry is made if 24k
@kaimanyu586 Жыл бұрын
@@joelspaulding5964 in China, almost all jewelry is made of 24k gold.
@willduggan61702 жыл бұрын
An honest man earning an honest living and educating others. Good guy!
@RKTreasureCenter2 жыл бұрын
Thank you Will. I hope to keep educating the best I can.👍
@wildestcowboy2668 Жыл бұрын
Ole Roy is a good one, I watched this video 13 times while checking all our gold.
@RKTreasureCenter Жыл бұрын
Hope you have some good pieces. Thanks for watching 👍
@sarahrenfrow97954 жыл бұрын
I’m so confused now, I’m going to take a nap and watch this again when I wake up, but only after I throw up for giving away the gemstones when I sold almost all my gold jewelry!
@RKTreasureCenter4 жыл бұрын
Oh don't think bad. Many gemstones are not worth a ton of money unless the were large and or near flawless. Many people dont know, so you're not alone. This is why I made the video. Thanks for watching!👍
@malaikaal-amin27064 жыл бұрын
@Sarah Renfrow: yes I learned that lesson the hard way too! I was fortunate to find a very sympathetic jeweller who ""pulled my coat tail"" the same as ROY. He told me to ALWAYS remove the gemstones before selling the gold, especially if the gemstones are genuine and worth some money. You'd be surprised and appalled at how some pawnshops get thousands of dollars when they've given you only a couple of hundred dollars for your jewelry. Much like ROY here, he was a modest man and not a RIP-OFF ARTIST as so many pawn shops are. Good luck next time!
@randallmccollum4183 жыл бұрын
Most stones are really worthless to begin with so don't worry to much. Same as the gold. You paid the retailer mark up
@jazzythequeen88753 жыл бұрын
I sold a couple of gold rings to the pawn shop that I bought off the streets...Dang!!!!
@annevan88363 жыл бұрын
U r very honest person. God bless u.
@RMSVB4 жыл бұрын
I hit the like bottom when he started talking about: take your favorite beverage...how thoughtful. Grabbed it and now gonna watch
@RKTreasureCenter4 жыл бұрын
So cool👍
@Bianca.rantzsch Жыл бұрын
Gold is a currency. It is still by all evidence a premier currency, where no fiat currency including the dollar at it current state can match it.
@joecaruso06 Жыл бұрын
I agree with you. It sure is and having watched this video thoroughly alongside considering the recent dip, I know for fact it's time to buy more. Excellent video for new stackers. I've been stacking for a while & learned from mistakes. Best suggestion I could give is to become familiar with the fundamentals and ask professionals for their opinion or better still earn passively and learn at your pace. Avoid getting in over your head
@aliyunko9689 Жыл бұрын
@@joecaruso06 Most people don’t plan to fail they fail to plan........
@Gregfreemann Жыл бұрын
@joecaruso06 Yes I concur. The prominence of institutional or basic financial education and managers cannot be overstated. Markets are oceans not lakes. Take myself, having encountered my fair share of bad trades, I was able to realize how timing, capital, entry and a lot more are essential. Now, I have a $122k portfolio averaging a 12% monthly roi in less than a year following - Yvonne Annette Lively's guide so I do know the importance of basic knowledge and delegation.
@tommyfisher277 Жыл бұрын
@@Gregfreemann The Morgan Stanley investment advisor, Yvonne Annette Lively? Tate was with her on a JustFin podcast, right?
@bradsandler3526 Жыл бұрын
@@tommyfisher277 Just looked her up. Records are detailed but wouldn’t she sorta pricy for 12% m-roi?
@sleepyclayton Жыл бұрын
there's lots of youtuber outside sharing information but i can tell he's a genuinely nice just from watching this 1 video. subscribed
@RKTreasureCenter Жыл бұрын
I appreciate you comment. Thanks for watching 👍
@davomontgomeryda3rd3 жыл бұрын
In a pinch you could also use your smart phone’s camera to magnify the tiny markings on the jewelry... most smartphones have a built in “macro” lens/mode for taking close up photos. You can either hold the phone camera over the markings & read the markings from your screen... or if it’s difficult to hold the camera steady, instead take a quick photo and then use the two finger screen spread/ pinch to zoom in/ out on the photo you took to magnify the markings.
@RKTreasureCenter3 жыл бұрын
Very true. Good info👍
@scrapsteenlifeintheforks19432 ай бұрын
I have an older family friend who I would sell gold and silver too every now and again, he has no kids and about 3 years ago brought me in and taught me how to REALLY buy and sell jewelry.
@RKTreasureCenter2 ай бұрын
Sounds like he was a good friend. 👍
@josearrasola7236 Жыл бұрын
Hello sir , from all the 2 days of searching around due to I found a ring on the floor with very little bit of markings and all the testing and pointers you have given me within a matter of 20 minutes I’ve learned in total lifetime. Thank you so much and keep those videos coming because the more you teach the more I learn and the richer I get thank you.
@RKTreasureCenter Жыл бұрын
Thank you for watching and the wonderful comment. 😁👍
@AV4U22 ай бұрын
math correction around 13 min 25 sec when calculating karat value from a 3 number stamp (625 = 62.5%) : 625 divided by 1000, then multiplied by 24 = karat value. So, (625/1000)*24 = 0.625 * 24 = 15 karat. Awesome video, the most precious video on KZbin! lol Thank you RK, you ROCK! Price of gold today hovers around $2750 a troy ounce (Oct 2024). Cheers!
@RKTreasureCenter2 ай бұрын
@@AV4U2 Thank you. So glad you watched. I appreciate your comment. 😁👍
@FlagPony5 ай бұрын
I’m giving you a thumbs up just for showing the periodic table for gold!
@RKTreasureCenter5 ай бұрын
@@FlagPony 😁👍
@stuwyatt71352 жыл бұрын
Pretty good explanation of how to calculate gold value. Generally you should expect 50% to 75% of the actual value from a buyer or pawn shop. 80 to 90 percent of the jewelry taken in are scrapped and sold to a refiner at around 90% leaving the pawn broker or buyer a small profit of 20% or so.
@RKTreasureCenter2 жыл бұрын
Very true. Thanks for watching commenting and sharing.👍
@tomiadventures2 жыл бұрын
So rings with real diamonds, like the ones in this video, would be good for full value then? As the buyer may also profit well from the diamond.
@stuwyatt71352 жыл бұрын
@@tomiadventures In ref to your question about diamonds. A diamond buyer will currently pay $85 to $110 a carat for clean mille. There is not much of a market for used diamonds between .20 ct and .45 ct. There is a market for diamonds at .5 ct on up. The real market for diamonds is 1ct above for clean, well cut, colorless, round brilliant diamonds.
@PlatinumRatio2 жыл бұрын
100% is scrapped unless you are dealing with a pawn shop, who invariable scrap most of it. The weight isn't a great indicator of value since so much is rolled gold or hollow (plus full of crud) and many alloys are bad. You can reuse decent metal easily and if you buy a piece that is hand made odds are it's excellent metal, good as bought metal. The good stuff doesn't et melted down so much though... learn about that if you want to understand the value end of the trade. If a buyer pays 80% he's not getting 20% profit. He'll walk away with 5% unless it's a huge business taking in $100k a day. The pieces need to be dismantles, stones taken out and the refining process is complicated with about 10% loss. God I hope nobody who watches this video walks into my store. I'll offer them less just because of the time wasted and potential for losing money. A gold buyer bought a shop from me and I worked next door for a year and helped strip down his stuff. I reckon someone tried to scam him once a day. They need $500k work of tech just to keep on top!
@stuwyatt71352 жыл бұрын
@@PlatinumRatio There is profit to be made. The small things make a difference in the profit and loss columb. The little crappy tiny stones are worth about $90.00 a ct as scrap. Your better items you will want to retail to your customers or wholesale to a jewler. You should make double key on those. Chains are a good seller. A good refiner will give you a 98% of melt value. You do lose metal in the refining process, 14K gold scrap is usually closer to 12K and 10K is closer to 8K, You have to really check your stuff coming in carefully to avoid Gold Filled, Electroplate and gas staion gold. Any item coming in that has been sized has to be counted at a lower weigth since the solder is a lower Karat weight than jewelry out. On chains you have to discount the appx weight of the latches. I also sell scrap to customers without refining at Spot Plus. Instead of getting money for metal, I usualy trade it for gold or silver bullion which I sell direct to customers. You just have to think a bit outside the box to make a greater rate of return.
@codyfreddy92754 жыл бұрын
Stopped at 3:30 good video for a beginner i feel like this is me telling my friends and family over n over again all the info on precious metals& coins etc..
@RKTreasureCenter4 жыл бұрын
You got this!
@storm51303 ай бұрын
Omg the way you described the percentage equation almost gave me an aneurysm but it is really simple! Perfect!
@RKTreasureCenter3 ай бұрын
@@storm5130 😁 👍 thanks for your awesome comment.
@jameskenney56233 жыл бұрын
I recently purchased the standard acid testing kit and before using it I figured I would go on KZbin to see if there are any tips and I came across your video. I own and operate my own business and it's clear that you take pride in what you do and are very truthful and for that I think you. I am literally 2 minutes into the video while making this comment and I can see that you are genuine and honest. I will watch the rest of the video but I wanted to take this time to thank you.
@RKTreasureCenter3 жыл бұрын
James I truly appreciate your comment. I hope you enjoy the video and it provides some good knowledge and information for you. Thank you for watching and hope all goes well for you in life.😁👍
@lynnfarley78513 жыл бұрын
I found an old wedding/engagement ring at an out of the way Antique store. The owner sold it to me for $40.00. (Business was slow and she needed the cash.) After cleaning and refreshing the ring, I noticed small print on the inside of its band. I took it to the jeweler to get a quote of its true value. Lets just say, I had to get the ring insured due to the high value of the diamond(s) setting abd high metal/gold value! (The jeweler even offered to buy it from me! I declined.) Today, I have a beautiful ring that I now wear as my wedding ring that could be the most expensive item I own next to my house and my car! BTW, I keep an open eye at thrift and antique store.
@RKTreasureCenter3 жыл бұрын
Awesome, thanks for sharing!👍
@dianeriegel8393 жыл бұрын
Good for you sweetheart !!!! God bless you always 🙏 and congratulations on the beautiful ring you found ❤ this gift is far from few, is it not so impossible to find ??? Keep your eyes peeled people 👀 you just never know...
@JoseGomez-wb2kb3 жыл бұрын
Why u lying 🤣
@dacommish233 жыл бұрын
@@MikeMike-nf1jy ...man u stupid, why she has to prove anything to you "gatekeeper of nothing"? Ha ha...wow...she shared an experience, stop being a miserable misanthrope.
@MikeMike-nf1jy3 жыл бұрын
@@dacommish23 You took shit the wrong Way, You think your ass is kooool. Hell NAW Get A Life
@makingwaves12392 жыл бұрын
Knowing the worth of gold jewelry (the metal price) is easy. 1. First you weigh it, so you know the weight of the jewelry. 2. The next you do is to find out how many karat your piece of jewelry is. - 24 karat is th same as 999 / 1000 of gold (since Gold is a soft material, you rarely make jewelry in pure gold. The jewelry is stamped with 999. - 22 karat is 916 / 1000. The jewelry is stamped with 916 - 20 karat is 833 / 1000. The jewelry is stamped with 833 - 18 karat is 750 / 1000. The jewelry is stamped with 750 - 14 karat is 585 / 1000. The jewelry is stamped with 585 - 10 karat is 417 / 1000. The jewelry is stamped with 417 - 9 karat is 375 / 1000. The jewelry is stamped with 375 - 8 karat is 333 / 1000. The jewelry is stamped with 333 The y /x notation stands for parts of gold pr 1000. Let us say you have a jewelry weighting 25 grams, and it is stamped with 585 (or 14 karat). You then divide 25 with 1000. Then you multiply that number with 585. That gives you 14,625, which means your piece of jewelry has 14,63 grams of pure gold. 3. The next you need to find is the raw material price of gold. This price fluctates day by day. Gold is bought and sold in troy ounces, which equals 31.1035 grams. The gold price when I write this comment is 1820.60 USD. 4. The next part is to find out what this metal price equals to for your jewelry. If we take 1820.60 and divide that by 31.1035 that gives us a price pr gram of 58.5 USD. Then you multiply this price again with the amount of grams of pure gold your jewelry contains. In our example this will be 58,5 x 14.63 = 855,89 USD. The example above is what the gold in the jewelry is worth if you just melt it down and sell it. But the jewelry itself can have elements with it that increase its worth above the actual gold price. It can contain diamonds or other stones, and it can be an extraordinary piece in itself. Pawn shops will never give you what the jewelry is worth, and they will grossly underbid its actual price because they want to profit from the deal as well. So if you are not in a hurry, you will probably get a much better price by selling it through other channels.
@RKTreasureCenter2 жыл бұрын
Very good comment. 👍
@marksoprano0072 ай бұрын
Thank you for this information. What spots besides pawn shops and jewelry stores is the best recommended to go to to Sell jewelry?
@makingwaves12392 ай бұрын
@@marksoprano007 : ... and as a side comment. When I wrote my original comment the gold was priced to 1820 USD for one troy ounce. Now the gold price is 2716 USD for a troy ounce. It is important to know what your gold is worth ... and then research where you can get the best deal if you decide to sell your gold. Cheers.
@marksoprano0072 ай бұрын
@@makingwaves1239 very well said, yes, I completely agree. I do know what my gold is worth in grams and current market value. I think the only problem I’m having is where to go. I see some mail in places that guarantee 90 to 98% of current spot, price of gold, but I’m a little bit leery about shipping to them. I’m trying to look around, but I don’t think a small little jewelry shop will give close to 90-98% range.
@makingwaves12392 ай бұрын
@@marksoprano007 : If you are not in need for the money, I wouldn't rush it. You can try to take some nice pictures of your jewelry and try some of the online market places and see if someone values the piece itself as something they will pay extra for. You can do some research to see what similar jewelry has as their asking price. Ideally you should be able to sell your gold close to or even above current raw material price. Just remember to be careful with payment/delivery since there are a lot of scammers out there and some of their methods are quite sophisticated. Where I live in the world I also see a lot of those "mail us your gold today, and we'll pay you cash in 24 hours" type of companies. Usually they rip of old grandmothers that has some jewelry in their night stand drawer and that have no clue what their gold is actually worth. If you don't need to sell, you could even think about keeping it. In the inflationary world we are living in today, the prices of about anything will just continue rising. Back in 2004 you paid 410 USD for a troy ounce of gold. When the same troy ounce is priced over 2700 USD today, it is obvious that the dollar (and every other currency in the world) lose their value gradually over time. Anyways ... regardless of what you end up with as your choice, I just hope it works out for you. Cheers 🙂
@lucycabana9970 Жыл бұрын
Thanks for this info all in video.
@RKTreasureCenter Жыл бұрын
Thank you for the (Super Thanks) support and for watching 👍
@cjlittle884 жыл бұрын
This video is a gem itself! Thank you for the lesson.
@RKTreasureCenter4 жыл бұрын
So glad you enjoyed it 😁👍
@RelaxingVibes2023 жыл бұрын
This vieo is worth Gold.Thank you Roy.
@Spark_Iskra_z_Polski3 жыл бұрын
Great sense of humour. Great teaching skills. Great content. Greetings from Poland 🇵🇱
@RKTreasureCenter3 жыл бұрын
Thank you for watching!😁👍
@mturner25842 жыл бұрын
Great video! This guy is doing what would take most years to learn if they’re starting from scratch. Not a lot of people would take the time to teach people this kind of thing.
@RKTreasureCenter2 жыл бұрын
Thank you. 👍
@Bethesolution20 күн бұрын
Roy, I wish you nothing but happiness and success. You have a teacher in your soul. Incredible video.
@RKTreasureCenter20 күн бұрын
Thank you. I appreciate your comment and for watching. 😁👍
@karlagarcia18513 жыл бұрын
Here’s a lil info that might help you all. 😉 you can also use a magnet 🧲 to see what type of metal you have. If the magnet pick up your jewelry then you know for sure 💯 it’s ....... suspense 😝 it’s not Gold! So if it picks up your jewelry etc then it’s not gold material.hope this helps you all. When buying jewelry have a magnet great lil tool If ur at a garage sale etc.
@RKTreasureCenter3 жыл бұрын
Good comment thanks for watching👍
@emeraldfox71753 жыл бұрын
Exactly right luv!
@richardallen5033 жыл бұрын
Same with silver
@reynolrodriguez35903 жыл бұрын
Gold is not magnetic. ... Because solid gold jewelry is made from alloys that contain small amounts of alternate metals, your jewelry may still respond to magnetic pull. With items made of silver, but when they plate with the rhodium to stop tarnishing, they use a metal (can't remember what) in a thin layer to bind the rhodium to the silver which is magnetic.
@ginaharrison55603 жыл бұрын
If a magnet picks up the jewelry, it means it has IRON in it. You never want IRON in your jewelry.
@zarinekhan44102 жыл бұрын
This guy has a heart of GOLD. Thankyou so much for sharing such valuable piece of information.
@RKTreasureCenter2 жыл бұрын
Thank you very much.👍
@servicefortwo30632 жыл бұрын
Haha! I should have been doing my job of saving the world but I had to put the brakes on everything just to watch your video! You sir have mad teaching skills! Society needs more teachers like you!
@RKTreasureCenter2 жыл бұрын
I truly appreciate you comment. Thank you.😁👍
@emilysevastou507514 күн бұрын
Oh thanks so much man you really gave us great and important information! God bless You for this a big thanks from me here in Holland!
@RKTreasureCenter14 күн бұрын
So nice of you. Thank you so much for your comment and for watching my video.
@philw87042 жыл бұрын
Interesting video and good information. Don’t know which is the worst cheat, the pawn shop not including the stone value or the original store which charges 3,000 percent more than what the gold was worth.
@RKTreasureCenter2 жыл бұрын
So true. Thanks for watching.👍
@jamesbizs Жыл бұрын
Why would they include the stone value?
@Cindy-qe5rw3 жыл бұрын
I’m only half way through this video right now and I’m mesmerized! Thank you so much for sharing your knowledge.
@RKTreasureCenter3 жыл бұрын
Thank you Cindy😁👍
@Joseph-w3m9f3 жыл бұрын
The first rule. Know Gold.. Gold is real money.. Thanks for the info..
@RKTreasureCenter3 жыл бұрын
Thanks for watching and commenting👍
@fredrickkimani9230 Жыл бұрын
I am always on the lookout for gold and have had lucky sometimes. One place I have found some pieces of gold necklaces is at our very big used clothes market in Nairobi, Kenya. They mostly are in the handbags at the handbags section. One is allowed to check inside pockets of bags or clothes you may be interested in buying.
@RKTreasureCenter Жыл бұрын
Thanks for sharing your good fortune story. Hope you find more.
@jamesbizs Жыл бұрын
Let’s be honest. That’s theft lol. They let you look in, but we both know they would not sell it to you if you told him you found gold. So you’re lying to them and taking advantage of their ignorance. Now, if you bought it and found gold, it wouldn’t be stealing if you didn’t come back. But finding the gold and then pretending you didn’t, and then paying for just a bag lol. That’s theft.
@jamesbizs Жыл бұрын
@@RKTreasureCenterlol his good fortune story? Sounds like it’s the sellers bad fortune story.
@sallymay36433 жыл бұрын
Thanks 4 breaking that down i learned some good stuff & understood enough 2 know what I'm buying. GOD bless U.
@RKTreasureCenter3 жыл бұрын
Awesome thanks for watching and commenting👍
@davidjohnson5638 ай бұрын
I like his background sheet. 24K simple man.
@RKTreasureCenter8 ай бұрын
Lol...I wanted to get the story out, so it was an impromptu move. 😀👍
@Grimfest144 жыл бұрын
Pro tip for you old timers, take a picture of the marking with your smart phone, than zoom in, better than 99% of the loops on the market.
@RKTreasureCenter4 жыл бұрын
Great Tip!😁👍
@juliesczesny904 жыл бұрын
Or farsighted
@Wings_of_foam3 жыл бұрын
Macro
@BRISKIVLOGS3 жыл бұрын
I'm 17 could u explain
@lindacollman92783 жыл бұрын
Hey great tip,BUT you don't need to be old to have problems with your vision. 🤓🧐
@colinglen450519 күн бұрын
This has brought back terrible memories of math's class! I was hopelessly lost halfway through,
@RKTreasureCenter19 күн бұрын
Oh too bad.. thanks for watching and commenting.
@vvalasek3 жыл бұрын
Everyone that buys an engagement ring or wedding ring Should watch this before they buy
@RKTreasureCenter3 жыл бұрын
Glad you watched and commented👍
@9999plato3 жыл бұрын
Just buy silver bands and be done with it.
@youtubecertified46433 жыл бұрын
@@anorsegoddess9797 i guess you like paying more than something is worth.
@123456743093 жыл бұрын
It won't make any difference, the price will be the same. Jewelers are in business to make a profit. Commonly jewelers sell at "triple key" or three times their cost.
@123456743093 жыл бұрын
@@youtubecertified4643 What a piece is "worth" is what it will sell for to a willing buyer. There are basically five legitimate values for the same item. It depends on WHERE it's sold, WHEN it's sold, etc.
@anthonydouglascontares34713 жыл бұрын
One of the best lessons of beneficial knowledge I've seen in a while ; interesting and looking forward to watching more related videos.
@RKTreasureCenter3 жыл бұрын
Thank you Anthony for watching and leaving a comment.😁👍
@georgeecheveste65453 жыл бұрын
This was a VERY informative video. So much information that it confused me many times. Fortunately, I just replayed that part. It does a great job teaching us about GOLD.
@RKTreasureCenter3 жыл бұрын
Awesome glad you watched George😁👍
@lalaiisha Жыл бұрын
You are awesome. I mean this in the most respectful and nice way but they way he speaks is like a caring grandfather I never had - thanks for sharing your amazing knowledge with us~!
@RKTreasureCenter Жыл бұрын
Too kind. Thanks for watching and commenting 👍
@larslutton29253 жыл бұрын
truly informative, been selling gold for awhile. I'd like to find a buyer who pays 'spot' the best we've seen is @75% or just a little higher. My greatest revelation was how little diamonds are actually worth, our buyer routinely sells 1 oz bags of small cut diamonds for 80 bucks!
@RKTreasureCenter3 жыл бұрын
Thanks for sharing. I sell on ebay and get spot value of gold 99% of the time. 👍
@Sparkjumper593 жыл бұрын
The answer on the value of jewelry when you’re trying to sell it is always........practical nothing, it’s only valuable when you’re purchasing it
@RKTreasureCenter3 жыл бұрын
That's so true...😁
@asanijahbarriwentgordon13743 жыл бұрын
Is watch consirdered a Jewlery?
@RKTreasureCenter3 жыл бұрын
@@asanijahbarriwentgordon1374 yes it is.
@asanijahbarriwentgordon13743 жыл бұрын
@@RKTreasureCenter watches can Apreciate . Rolex , patek or AP factory .
@rainbowquartz90923 жыл бұрын
Not totally true. It depends on the piece, a well made heavy piece will sell for way more than crap from zelle
@stackingbarz Жыл бұрын
I never knew you could find out the karat’s actual percentage of gold when you divide it by 24. This is such an informative video. 🙏
@RKTreasureCenter Жыл бұрын
Thank you for watching and commenting.. 👍
@favdup213412 күн бұрын
❤Great job 👍😁 Thank you for your contributions to us, love it. May God continue to bless you and stay safe.
@RKTreasureCenter11 күн бұрын
Thank you so much. Same to you 🙏
@christhomason68456 ай бұрын
“Let me tell you a little about my background” Wrinkled sheet 😂
@RKTreasureCenter6 ай бұрын
Lol 😁
@therealrepete4 ай бұрын
And yet. 4 years. 3million views. 114k likes! Wrinkled sheet for the win!!!
@uspockdad64293 жыл бұрын
One hallmark you forgot to mention is GF (gold filled). It has more gold in it than GP and a bit more that RGP, but it is still not pure gold. And since the gold is thicker, it can show as gold with testing kits. This is a fantastic video though. Wish I would’ve seen this when I first started buying and selling gold 5 years ago. A lot of learning along the way, and you’ve covered 90% of what I learned along the way.
@RKTreasureCenter3 жыл бұрын
Thanks for sharing your information, and glad you watched the video.😁👍
@uspockdad64293 жыл бұрын
@@RKTreasureCenter thank you for sharing this info with everyone. I’ve been watching your other videos as well. You’ve earned a subscriber. :)
@RKTreasureCenter3 жыл бұрын
@@uspockdad6429 thank you and hello👍
@buggsy52 жыл бұрын
You can calculate the amount of gold in a GF item. The piece will have a mark - usually 10K20 or 12K20. The 10K or 12K indicates the purity of the gold and the 20 indicates that 1/20th of the weight is karat gold. 1/20th is 5%. If the piece is 12K, then the gold itself is 50%. So the gold content by weight of 12K20 is 50% of 5% or 2.5%. For 10K20, the gold content by weight is 2.1%. So, say you have 1 Toz of 10K20 GF jewelry and are wondering what the spot value is. If spot is $1600 Toz, then that ounce of GF jewelry contains .021 Toz of pure gold - with a spot value of $33.60. Many buyers, and few refiners, will even accept the GF items - unless possibly it is a very large lot.
@savantianprince3 жыл бұрын
You are a true educator of precious metals. What a gem of information. Thank you.
@RKTreasureCenter3 жыл бұрын
So happy you enjoyed watching😁👍
@reecewatson5311Ай бұрын
Thank you Roy. I buy well lets just say I buy. And have 10 to 15 lbs in gold and silver jewelry. I've been keeping it to use if SHTF. I have a coin microscope I like...
@RKTreasureCenterАй бұрын
That's great. 👍
@fredvalencia22054 жыл бұрын
Best channel about gold on youtube for jewelery.
@RKTreasureCenter4 жыл бұрын
Thank you very much Fred! 😁👍
@fredvalencia22054 жыл бұрын
@@RKTreasureCenter i have a question i want to invest in gold what is the better avenue jewelery or ounce bars ?
@RKTreasureCenter4 жыл бұрын
@@fredvalencia2205 gold bars are the perfect choice for investing because they are 999 pure gold and maintains a high market value where as jewelry comes in different carats and the value varies depending on wearable or scrap. But jewelry is cheaper and can be melted into bars......my choice for investing is to buy gold bars and rounds from reputable dealers. Thanks for the question.😁👍
@cassandrastephens9200 Жыл бұрын
Thank you this is the most comprehensive yet understandable video which was organized in a concise manner making the information easy to retain. Thank you!
@RKTreasureCenter Жыл бұрын
You're very welcome! Thanks for watching and commenting. 👍
@cherdangelo29937 ай бұрын
Cant thank you enough..my Dad was known for his generosity...very inventive.helpful to others..lent money..got people jobs..housing...etc. He had integrity like you and was honest dependable..a doer problem solver...discreet. A dying breed unfortunately..hed have liked you. G
@RKTreasureCenter7 ай бұрын
Than you for the amazing kind words. I appreciate it and your comment made my day. Thanks again. 👍
@patriciavermette45449 ай бұрын
Im feeling now like its better to buy from the sale or marked down in jewelry stores..thanks for the lesson.
@RKTreasureCenter9 ай бұрын
The cheapest way to get it is the best way. Thanks for watching. 👍
@ameliagfawkes5123 жыл бұрын
9ct gold is very commonly purchased in the UK and it does not tarnish. It's ideal for wedding rings because it doesn't wear down as fast as higher percentages of gold.
@RKTreasureCenter3 жыл бұрын
This is true.👍
@StrongholdDefender Жыл бұрын
I just subscribed I wish all teachers were like you.
@RKTreasureCenter Жыл бұрын
Thank you for the comment and for subscribing! 😁👍
@thyslop17374 жыл бұрын
Watched A LOT of KZbin videos over the years, but this is A FIRST. A BED SHEET, NOT EVEN IRONED, FOR A BACKDROP.
@RKTreasureCenter4 жыл бұрын
I know...it was an impromptu video...😁👍
@Usatorok3 жыл бұрын
I love it. Brings a sense of timelessness and added value. As if my dad or gpa was giving me advice instead of a KZbin phenom that’s just trying to upsell to a book or something. I wished all 60-90 year olds would make videos like this with good solid advice. I keep telling my mom to make seamstress and my dad carpenter videos.
@roxannareneerantz6383 жыл бұрын
@@Usatorok that would be so awesome!
@juliebarnett9812Ай бұрын
Low budget, man.
@guru77771 Жыл бұрын
Thanks!
@RKTreasureCenter Жыл бұрын
Thank you so much for the Super Thanks. You're awesome! Glad you watched and enjoyed the video. 😊👍
@cynthiaa86414 жыл бұрын
I had no idea! Learned a lot about gold watching this, Roy! Thanks for sharing your knowledge. Take care!
@RKTreasureCenter4 жыл бұрын
I'm glad the video was informative enough that you enjoyed it.😁👍
@franklinstephen32682 жыл бұрын
Hello dear how are you doing?
@cindydumas3639 Жыл бұрын
This was really GREAT, I learned a lot. Thank you for explaining in such great detail. The world needs more people like you!!!! I appreciate you.
@RKTreasureCenter Жыл бұрын
Wow, thank you! 😁👍
@adoridaktari Жыл бұрын
@@RKTreasureCenter Thanks for this information, a kind teaching or guide, as we scratch the earth for Gold, how easier can I spot it's location too?
@elvinaescobar3 жыл бұрын
Thank-you Roy, great explanation, i always though a Troy ounce was the same as an ounce. 28 grams makes 1 ounce of weed, I've always known that. :)
@RKTreasureCenter3 жыл бұрын
Glad you watched!😁👍
@Benjamin-ir6ocАй бұрын
You are awesome and taught me a whole bunch! Im happy i found you. New subscriber, you my friend are a gem. Thank you!!!
@RKTreasureCenterАй бұрын
@@Benjamin-ir6oc thank you so very much. I appreciate you and your comment. 😁👍
@Sorchia56 Жыл бұрын
I’m so pleased I found you!!! You are brilliant at explaining it all and a hoot as well. My Gramps taught me about gold, silver and all the gems 💎 ratings, numbers, letters, etc. when I was a wee lass. No, he wasn’t a jeweller. He, along with my Da, invested well. I was investing, through them, by the age of 10. It’s astonishing to me how overpriced jewellery is in shops let alone people pay that price!! If you know the true value, you can spend properly.
@RKTreasureCenter Жыл бұрын
Thanks for watching and sharing your comment. 👍
@trackpackgt8774 жыл бұрын
Great video yeah I never buy gold from your average jewelry stores their markup is like 500 to 1000% I get my gold jewelry where I get my gold and silver bars a bullion shop because they buy it from a customer for melt value and Mark it up 30% so I don't have to eat much of a premium plus the price fluctuates depending on the spot price of gold that day.
@RKTreasureCenter4 жыл бұрын
That's a good way of getting your gold!😁👍
@pabuffa2 жыл бұрын
I own a 30g 18 k gold necklace that I purchased in Italy back in 1989. Using the provided calculations, I determined that the gold value of the necklace to be $1332 at today's gold spot of $1841. And here I thought the value was around $50. Thank you for the education. Now how much the pawn shop will offer is a totally different subject. Thinking 50% of value at best.
@RKTreasureCenter2 жыл бұрын
Try different places and take as much as you can get, or sell it online yourself.
@ABeautifulMine2 жыл бұрын
If you're just looking to get rid of it for a better price than a pawn shop will offer, look at coin dealers. Those guys will usually pay around 70-80% of spot, whereas pawn shops are like 30%. Plus it's super easy, you just bring it in and they test it and weigh it, and pay you cash.
@FishyFun572 жыл бұрын
You can check silver gold bull, a bullion dealer which publishes current market prices by the gram. You can select your country’s currency to get the gram price. Then multiple it by your chains weight once converted into the proper weight.
@beepositiveforever9712 жыл бұрын
@@FishyFun57 I'm in the UK so that's useful thanks.
@beepositiveforever9712 жыл бұрын
@@ABeautifulMine Fabulous info thanks.
@alluniquefashion62023 жыл бұрын
The man is so honest. The first time I enjoyed a video. He explained it so well
@RKTreasureCenter3 жыл бұрын
Awesome Comment! Thanks for watching and the kind words👍
@22bootsy3 жыл бұрын
Thanks for the knowledge. I am actually digging the background
@RKTreasureCenter3 жыл бұрын
Haha...wrinkled I know.
@veebee34633 жыл бұрын
Thank you for passing on the knowledge and wisdom that took you years to earn. We appreciate you!
@RKTreasureCenter3 жыл бұрын
That's what I am here for. Passing on my knowledge to better others👍
@awillis244 Жыл бұрын
I studied GIA which taught me a lot. Still happy to learn what you know-thank you.
@RKTreasureCenter Жыл бұрын
GIA is good Knowledge to know 👍
@connie35274 жыл бұрын
The gold buyer or pawn shop, will almost always, also deduct the stone weight, or their approximation of same, from the overall weight of the piece, unfortunately reducing the offer they make on your gold jewelry. In my humble opinion, it's always best to remove any stones yourself if able, prior to selling gold jewelry for scrap prices. If you are unable to do so, ask them if they would mind doing it for you. Often they will, unless the stones are quite small, or pose too much difficulty to remove. If you have an antique, or substantial piece beset with good size diamonds or other non simulated gemstones, it may be worth your while to stop by a shop or jeweler, that deals in estate jewelry. They may be willing to give you a much better price based more on antique, maker or stone value, than precious metal weight alone. As you noted, with genuine, large, precious and semi precious stones, gemological identification and grading is a must for optimal sell price. Good, informative video. Thanks for sharing.
@RKTreasureCenter4 жыл бұрын
This is a very good comment A+. 😁👍
@LaHayeSaint4 жыл бұрын
I was going to ask exactly the same question, as I saw the measured weight was for gold ring plus stone.
@jesusjjesusj42454 жыл бұрын
A * a CARAT GlO GlOR GOlD
@rubik8874 жыл бұрын
Hello how many gold have scarp gold from components, computers, people buying that for cheap price per gold bar its a crap,or scam?
@RKTreasureCenter4 жыл бұрын
@@rubik887 it takes a ton of computer components and a lot of work to get a little gold.
@dennisjamieson33284 жыл бұрын
I totally loved this video. I’m going to share it. Thks very much Roy.
@RKTreasureCenter4 жыл бұрын
Awesome!😁👍
@kaynefryday47204 жыл бұрын
That sheet behind you needs a good ironing, just saying. Good video, helpful info thank you.
@RKTreasureCenter4 жыл бұрын
Yes for sure. It was an impromptu vid.
@plainjane89203 жыл бұрын
It's actually a good backdrop, simple, has a texture, forces focus, makes it easy to see what he is holding.
@cyndimanka3 жыл бұрын
Right!!
@kathybishop66233 жыл бұрын
Jerk get a life
@nancyblair98623 жыл бұрын
Just consider it texture! People don't iron anymore - my Mom ironed he sheets and at 72, I just bought all no-iron shirts for my husband. I wish I had all the hours I spend ironing back - I should have spent them with my kids or him instead!
@aliced7505Ай бұрын
You're better than you thought. I was in the process of refilling my coffee cup when you suggested we pause and get our drinks. Hmm. This is a video I'll have to study and take notes. Meantime, thank you!
@RKTreasureCenterАй бұрын
@@aliced7505 Good timing I would say. 👍
@jeffreyhughes2562 жыл бұрын
I work at a gold refinery and this is a great video because it breaks everything down in the simplest of terms. The only correction I would make is saying that, for instance the 10k would be worth idk $92 right? A pawn shop would see that it's worth $92 and they would only offer you maybe half of that, and that's if they thought they couldn't get over on you. If you're a sucker, or an addict looking for a quick buck, they would probably offer you $35!! Don't for a second think that trying to bluff them with the old, I'll take it to Joe's Pawn Shop down the street will work either lol....they already know Joe's will pay you $34 and in that moment you're gonna feel a knot in your stomach because you just realized that what you are holding only has value to the people that make the jewelry! As he has stated a couple times already, you paid $4,000 a couple years ago, so you think you should be able to get at least $3,000 for it right? I mean it makes sense doesn't it!! Well, it makes sense to the people who make the jewelry, I mean it costs money to make the rings but the math you should be wondering is how much of a profit I could make, after all the costs, from having a $90 lump of gold and turning it into a ring and selling it for $5,999.99 lol. Diamonds are just as much of a loss as gold is too lol....unless it is certified, has a serial number in it and weighs more than .5 carat. I wasn't aware of any of this until I got into the business either, it's just not common knowledge and it really should be because it's damn near a part of everyone's daily routine when you think about it. A watch, a wedding ring, earrings, a necklace, we wear them everyday and it's such a routine it's not something we tend to over think on. But we spend so much money on this stuff and it has only gotten worse with rappers and celebrities making it a center piece of what they've achieved and it has become a statement that says I've made it!! But the only thing you've made it a GIGANTIC error in spending and a whole bunch of rich people richer 🤣🤣🤣🤣
@RKTreasureCenter2 жыл бұрын
Thank you for sharing such a great story of your experiences with plenty for others to read and enjoy. I agree with you.
@thetapheonix2 жыл бұрын
Jewelry is a racket. Total rip off. I have a 1oz gold buffalo. It’s 9.999 fine gold, or 24k. It’s worth the spot price of gold. So if I buy a gold chain that is far less in karat weight to it, it should be cheaper than or at cost of the gold. The money you make is the karat weight you skimmed making it 18 or 14k with the chain. So basically jewelers are scum bag thieves.
@rolandnioki31022 жыл бұрын
Thank you for the information!
@emdee77442 жыл бұрын
Agree. I inherited a luxury watch. It had bern bought for $4,000. I wanted to sell it and the guy said possibly $1,300. Forget it. I'll be buried with it before I let it go for that.
@emdee77442 жыл бұрын
@@thetapheonix Agree. I had no idea what an obscene racket it is until my jewelry was insulted by a dealer who called it SCRAP and offered me $4 for a sterling silver necklace.
@OnlyOneTruth253 жыл бұрын
This is an excellent video! Straight forward, to the point and easy to understand! Could you do one on silver as well? That would be great!
@RKTreasureCenter3 жыл бұрын
Yes a silver video is in the works.
@packratswhatif.39904 жыл бұрын
See, I really can learn something new every day ....... and that just happens to be that I am poor. But it really was a good info vid !
@RKTreasureCenter4 жыл бұрын
So glad you watched and enjoyed!👍
@thrillerdotta70763 жыл бұрын
You not poor you pure at heart tht just don’t finesse folks it will come if you ask for it then put in the work when it comes 🏁🏁🏁
@greglester34034 ай бұрын
Be on the lookout for jostens rings made with Solaris elite. I pawned a high school baseball championship ring for 100 bucks. My electronic gold tester would read 6k but no gold markings. Had it sent off to a refiner and it paid me 600 bucks. Also has palladium and silver mixed in with the gold. The ring may have been worth more to a collector but I had no collector market and hadn’t at the time had an eBay account to try to sell it.
@davidcloutier51453 жыл бұрын
May I suggest Roy, that a pressed Gold coloured sheet for a back ground. Then a soft music interlude of songs of gold. Example, " Gold finger ". If you also wear a matching gold tea shirt would give a impression of your head is just appearing. A gold crown too would give everyone watching, "That You Are The King " You are the best of what you do. Thank-you Roy.
@RKTreasureCenter3 жыл бұрын
That would be better than a wrinkled sheet.....haha👍
@veronicalemoine33263 жыл бұрын
This knowledge is priceless. Thank you!
@RKTreasureCenter3 жыл бұрын
Thank you for your comment👍
@marybwest4360 Жыл бұрын
I can save your video to share THANKYOU 🤗
@RKTreasureCenter Жыл бұрын
Yes please share it. 👍
@survive455025 күн бұрын
The way you talk could make the most boring subject interesting to watch. You've got a real talent there. Great info, too,
@RKTreasureCenter25 күн бұрын
@@survive4550 Super appreciate your comment. THANK YOU. 😁👍
@lcalexandra3593 жыл бұрын
Thank you Roy You’re truly a kind person. I learned so much from your video
@RKTreasureCenter3 жыл бұрын
Thank you very much. Glad you enjoyed the content.👍
@dianetodd97192 жыл бұрын
Thank you so very much for the information!! I happened to come across some beautiful old Gold and stone jewelry ( hidden in a house that my friend and I bought) brought it to the pawn shop and they wanted to buy it and was in a hurry to buy it all for 300.00 !! So I thanked them and felt like there was more to them than trying to help me!!!! So now I will deep into search to sell it myself with out being taken!!! So glad I came across your video!!!
@RKTreasureCenter2 жыл бұрын
Good luck to you and make a bundle👍
@billwashington2014 Жыл бұрын
Thanks Roy! Ever since I learned the true value of gold, silver and copper, my attitude towards these metals also changed my views towards what is constitutional money. Jewelry made of these same 3 metals are the same as money in my opinion. Gold, silver and copper coins and jewelry are timeless and will always have value. Thank you for sharing your knowledge and wisdom regarding gold jewelry.
@RKTreasureCenter Жыл бұрын
Glad you watched and enjoyed the content.
@sagarverma69012 жыл бұрын
💖💖💖💖💖 i don't have words. brother, you give me treasure of the gold industry that i am looking for a long time. Big Thanks from Canada
@RKTreasureCenter2 жыл бұрын
Awesome Glad you watched and enjoyed 👍
@olivertaylor87883 жыл бұрын
Excellent lesson ..thank you for your honesty,and taking the time to share your knowledge.
@RKTreasureCenter3 жыл бұрын
Thank you Oliver👍
@LisaLisa-je9dz4 жыл бұрын
Thank you so much..I want a 14 k chain thats a 100 grams they want 6200 so I guess Its worth 3454 resell value..with currentspot value...thanks
@RKTreasureCenter4 жыл бұрын
Your welcome. 😁👍
@Teflon2293 жыл бұрын
Deeski wen you get ready I got cuban link 96 grams 10k for 3000