GOLD 0.51% $1,391.7 gold futures

"Hand of Faith" site revealed : Weekly TimesI am at a loss as to...

  1. 975 Posts.

    "Hand of Faith" site revealed : Weekly Times



    I am at a loss as to how the author came up with some of those numbers ???

    So here are some of my numbers.
    If the 874.82 troy ounce nugget was sold for (allegedly) US$1,000,000, then:

    1,000,000 / 874.82 = US$1,143.06 per ounce

    With today's gold price of US$1,316/ounce, the nugget's intrinsic value would be in the order of US$1,151,263.

    So, he received a pretty good price for the nugget, then.




 
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