What exactly is the proposed transaction, and how well do you know the
person selling this piece of "gold"? Does this person look a little
bit like he was from India?

i

On 2010-03-11, Frank J Warner wrote:
Forgive me. I am abysmally ignorant about this.

I need to know how much to pay for a small bit of gold.

I'm asking for a piece, a cylinder .1875" diameter x .1875" long. Karat
weight is negotiable: 18 karat, 24 karat. Doesn't matter. Price will
probably differ with each, and I understand that.

I can google the spot price of gold and calculate it out, but I have no
idea how much a piece of gold this size weighs. Archimedes wasn't my
best friend in high school.

Steel prices are bad enough, and titanium, whoo boy. But I am totally
lost when dealing with truly precious metals. Gold-mongers in my
experience are notoriously reticent with a little thing called honesty,
so I'd like to know what to expect as a reasonable price.

Little help here? Ed? Where are you when I need you?

-Frank