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30 August, 08:55

On a mountain trek, you discover a 6-ounce gold nugget. a friend offers to pay $2,500 for it. how do you check whether this is a fair price?

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  1. 30 August, 09:23
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    In order to determine the value of a gold nugget that weighs 6 ounces, you have to consider the current value of gold on the exchange. In 2009, 1 ounce of gold was determined to be valued at approximately at $38. But when buying gold nuggets, the value is increased by anywhere between 10% and 25%. The percentage of the increase is based on the smoothness, quality and aesthetic appeal of the Gold Nugget
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