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New Turnover Chain Idea!

Charmcityballa said:
I think this year for the turnover chain they should honor Malek Young. They could keep the same chain, but take the “U” emblem off the chain and put a “12” on resembling Malek Young’s 12. You could make the “1” in orange and the “2” in green. Malek Young was the first ever recipient of the turnover chain and it would also be like its a 12th man symbol, as Malek Young is not playing with us anymore but we appreciate everything he did for us.
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CashMoneyCane said:
Wow. Read the article. That quote was DIRECTLY FROM THE ARTICLE.

Have you ever bought or sold anything? The price you pay for it vs the price you get for it are two different things. This is called a bid-ask spread. In commodities, of which gold is one, the price asked by retailers is LESS than what they will pay for it from a private party. If you knew so much about jewelry, you would know this.

Once again, your math is wrong based on your ignorance of buying vs selling prices and your refusal to accept that it's not solid gold, despite the fact I provided a source who interviewed the jeweler directly that said so.
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Dude, I have bought and sold gold and silver on a regular basis over the years.

I don't need Amateur Hour telling me that wholesale is different from retail. Folks like me don't care one iota about craftsmanship, form, or ancillary stones. We only care about the pure Au content - as we're going to melt the ring/bracelet, or whatever, and extract the gold. We even toss the copper, as it's not really worth the time to reclaim from the acid.

Your ignorance of the subject is reflected in your erroneous assumption that somehow, they took 10k gold and THEN added other metals. That's not how it works. Further, that wasn't done.

It IS a solid gold chain - but it's a solid 10k gold.

I recall when I heard how much it weighed - doing a quick calculation in my head - and discounting the sapphires or any silver content - came up with a number of approximately $35,000 in actual GOLD.

Maybe you should stick to the cooking threads - as you didn't know jack **** about jewelry, yesterday, you don't know jack **** about jewelry today, and tomorrow isn't looking good either.
 
You can do a few variations of Sebastian in place of the U if they are trying to mix it up. Although I think it would be a great tradition to keep the U on it every year.
 
UMFarArcher said:
Dude, I have bought and sold gold and silver on a regular basis over the years.

I don't need Amateur Hour telling me that wholesale is different from retail. Folks like me don't care one iota about craftsmanship, form, or ancillary stones. We only care about the pure Au content - as we're going to melt the ring/bracelet, or whatever, and extract the gold. We even toss the copper, as it's not really worth the time to reclaim from the acid.

Your ignorance of the subject is reflected in your erroneous assumption that somehow, they took 10k gold and THEN added other metals. That's not how it works. Further, that wasn't done.

It IS a solid gold chain - but it's a solid 10k gold.

I recall when I heard how much it weighed - doing a quick calculation in my head - and discounting the sapphires or any silver content - came up with a number of approximately $35,000 in actual GOLD.

Maybe you should stick to the cooking threads - as you didn't know jack **** about jewelry, yesterday, you don't know jack **** about jewelry today, and tomorrow isn't looking good either.
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So you're going to buy that raw material at the same price you sell it for? If so, you're the single worst businessman on earth.

For the third time, genius, I AM NOT SAYING THIS. IT IS A QUOTE DIRECTLY FROM THE MAN WHO MADE IT. I NEVER said I know ANYTHING about jewelry. I can read. You have proven now multiple times you cannot. Barry Jackson interviewed AJ Machado directly. Machado said the chain is gold and other alloys to keep the cost down. I have yet to see a source from you disputing this DIRECT QUOTE FROM THE JEWELER. Try reading the article then tell me how it's wrong.

Sorry if I ****ed off the resident jewelry queen with factual information from the person who made the chain.
 
CashMoneyCane said:
So you're going to buy that raw material at the same price you sell it for? If so, you're the single worst businessman on earth.

For the third time, genius, I AM NOT SAYING THIS. IT IS A QUOTE DIRECTLY FROM THE MAN WHO MADE IT. I NEVER said I know ANYTHING about jewelry. I can read. You have proven now multiple times you cannot. Barry Jackson interviewed AJ Machado directly. Machado said the chain is gold and other alloys to keep the cost down. I have yet to see a source from you disputing this DIRECT QUOTE FROM THE JEWELER. Try reading the article then tell me how it's wrong.

Sorry if I ****ed off the resident jewelry queen with factual information from the person who made the chain.
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Are you seriously that simple minded?

Take that sentence. "chain is gold . . ." Gold is gold. Au

"and other alloys to keep the cost down." That would probably be the copper. Cu

You add the copper to the gold - so that only 41.7% is gold, the rest is copper. That's called 10k gold.

A solid metal.

If it were 12k gold, it's 50% gold. But it's not. It's 10k solid gold.


And gold value is gold value - often discounted by a buyer (so he can make some money) at rates of 5% to 10% even at a refinery, and that's based on spot.

I have no idea on WTF you're talking about - throwing in more useless trash - talking about raw material cost and selling price. The price of GOLD is based on the spot price of gold - period. No one in the business gives a tinker's dam about whether it's a chain, a ring, or whatever.

Now I'd hope this chain will have significant intrinsic value well above the spot price of the gold content.
 
UMFarArcher said:
Are you seriously that simple minded?

Take that sentence. "chain is gold . . ." Gold is gold. Au

"and other alloys to keep the cost down." That would probably be the copper. Cu

You add the copper to the gold - so that only 41.7% is gold, the rest is copper. That's called 10k gold.

A solid metal.

If it were 12k gold, it's 50% gold. But it's not. It's 10k solid gold.


And gold value is gold value - often discounted by a buyer (so he can make some money) at rates of 5% to 10% even at a refinery, and that's based on spot.

I have no idea on WTF you're talking about - throwing in more useless trash - talking about raw material cost and selling price. The price of GOLD is based on the spot price of gold - period. No one in the business gives a tinker's dam about whether it's a chain, a ring, or whatever.

Now I'd hope this chain will have significant intrinsic value well above the spot price of the gold content.
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You said the chain was solid gold. I told you it was not. You argued with me. I provided a source for my statement from the man who made the chain. You have not provided a source to contradict me. Now you've conceded that it may be not pure gold, and are trying to change the subject.

Yes, the price of gold is based on spot value of gold. That's exactly what I said previously. It is not based on the retail value of gold, which to my recollection, you quoted inititally.

Trust me man, you don't want to get into a discussion about commodities or asset prices/valuations with me. I have bought or sold more in a day than you have in your entire life.
 
CashMoneyCane said:
You said the chain was solid gold. I told you it was not. You argued with me. I provided a source for my statement from the man who made the chain. You have not provided a source to contradict me. Now you've conceded that it may be not pure gold, and are trying to change the subject.

Yes, the price of gold is based on spot value of gold. That's exactly what I said previously. It is not based on the retail value of gold, which to my recollection, you quoted inititally.

Trust me man, you don't want to get into a discussion about commodities or asset prices/valuations with me. I have bought or sold more in a day than you have in your entire life.
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Oh, so you're saying it's not solid 10k gold - it's hollow gold? How did they cast those little links, and make them hollow? Genius?

I didn't concede one damned thing - as you haven't hit the right note in all your blathering words so far. Only NOW do you bring up PURE gold. I clearly stated it was 10k gold, and you don't get to change what I said because you've been dead wrong from the beginning.

At first, you said it was decorated with emeralds, it was not solid gold (of any carat), you said it was gold with other metals - which is what any idiot knows is added to pure gold to make it more durable and bring the price down. I told you it had 900 stones - not emerald as you said - but sapphires - and then you come back with 450 yellow sapphires and 450 green sapphires - any idea how many 450 + 450 is?

It's solid 10k gold - got it? Solid.

More bad news for you - spot prices is always the starting price for purchase or sale of gold. Not jewelry - gold. There are discounts involved, even in the purchase or sale of .999 Au - but that's the starting price - not the retail price - and if you knew schitt about it, you'd know that. It's like sticker price on a car. Who in **** pays sticker?

No one will get spot price if they sell any gold - even .999 gold. Spot varies sometimes from hour to hour, and if you ship gold to a refinery, the amount you get paid will be based on the spot at the time of sale - not delivery.

You have even confused "retail" gold with "spot" gold price. All gold calculations are based on spot prices - and I have no idea WTH "retail" price of gold is. Neither do you. Retail of an object with gold would include the craftsmanship of the item, plus an additional markup for the retailer to make money. Doesn't have jack **** to do with 'spot'.

You buy and sell commodities? If that's the case, I could hoo-doo you out of tons of money - because you don't understand metals - AT ALL.

You don't even know WTH retail is - which has absolutely nothing to do with the value of the Au in this chain.

People will bid - on a combination of things. At melt, the floor price would be approximately $35K, but then you add in the intrinsic value.

Intrinsic value is the difference between 1 oz troy of .999 gold, and a one ounce twenty dollar gold piece - which is significantly higher.

Talking to you is like discussing quaternions with a six-year old.
 
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Oh FFS! Will you two just **** and get it over with? You can get back to *****ing about gold when you’re picking out wedding rings.
 
UMFarArcher said:
You recall when I asked for your input?

Naw. Me either.
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************ do I seem like the kind of person that waits on little ******* like you to give permission before I do something? I ain’t your god**** secretary. You don’t ask me for ****. You ask me for directions and I might steal your soul.
 
Loose Cannon said:
************ do I seem like the kind of person that waits on little ******* like you to give permission before I do something? I ain’t your god**** secretary. You don’t ask me for ****. You ask me for directions and I might steal your soul.
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Not saying I don't like you, but I'd have no problem unplugging your life support to charge my phone.

Reading comprehension is not really your thing - I stated I did NOT ask you for input - or anything else, but you say you're not my secretary? That extra chromosome is clearly a problem.

In my world, you're just another meaningless quarry, and I've had hundreds try to take my soul - by the one, fives and tens, but I'm here, and I didn't take their souls - their heads. Don't get paid for souls.
 
UMFarArcher said:
Not saying I don't like you, but I'd have no problem unplugging your life support to charge my phone.

Reading comprehension is not really your thing - I stated I did NOT ask you for input - or anything else, but you say you're not my secretary? That extra chromosome is clearly a problem.

In my world, you're just another meaningless quarry, and I've had hundreds try to take my soul - by the one, fives and tens, but I'm here, and I didn't take their souls - their heads. Don't get paid for souls.
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Wow u totally a badass bro
 
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