How to calculate what I get paid?
Take the Current Ounce Spot Price of gold $________ ÷ (divided by) 31.1
That will give you the current price per gram.
Multiply that by x .85 (85%)
That is what we pay per gram for placer gold.
(We do not further discount for purity which most refiners do.)
Take that number x (times) the number of grams you have to find your total due.
Subtract our $20 processing fee and that’s it.
If Current Gold Price is $1200 ÷ 31.1 = 38.58 per gram
$38.58 x .85 = $32.79 is what we pay.
You have 20 grams then… 20 x $32.79 = $655.80 – $20 fee = 635.80 we pay you.