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Mar 5, 2009
Mar 5, 2009
James Lewis Gold Exchange6015 Burnet Rd, Austin, TX78757 USA
I have been into James Lewis twice now, once months ago and yesterday when gold was about $905 /oz. He quoted me Very similar prices, even though months ago, the price of gold was Much cheaper. I sold a ring that was 14k gold, yesteday that weighed... (More) I have been into James Lewis twice now, once months ago and yesterday when gold was about $905 /oz. He quoted me Very similar prices, even though months ago, the price of gold was Much cheaper. I sold a ring that was 14k gold, yesteday that weighed .3 oz. Various calculators on the web claimed that the item should be about $140 (or more) for that weight and karot and the guy at James Lewes even agreed ("... uh ... yeah about that). So why then did he only pay out $80! That means his markup went from around 20% several months ago, to Twice that (40%) now that the gold price has gone up. That's pretty much absorbing the proffit in gold prices for themselves. Lame!
Shop Around!! Ask what the markup is at the place your dealing with (and don't let them tell you such and such percent of the market. (Hide)
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