Sunday, January 1, 2012

As Seen on Television, $50 Buffalo Gold Coins

The commercials seem to run constantly. Fourteen Milligrams of pure 24 karat gold. First issued by the U.S. Government demand was so high that they are no longer available. You can now buy these exact replica's. Limited time offer. Buy now to secure your future. Introductory price of $9.95 plus shipping and handling. National Collector's Mint. Strict Limit of 5 proofs per order. Certificate of authenticity. With gold skyrocketing to over $1,500 per ounce, price can only be guaranteed for 7 days. Based on famous buffalo nickle designed by James Earl Fraser. Made out of .9999 gold that's four nines. Wildly popular with collectors. Iconic. Final issue was going to be $50 each now only $9.95. Must hurry, avoid disappointment and future regret.

Wow, what a great deal!. Being able to buy a $50 gold piece for only $9.95, get your credit cards out, but before you do lets put on our thinking caps and see if its worth it.

Let's do some math:

Assume gold at $1,600 per ounce (actually higher than their advertised claims).

Gold $1,600
Pure content x .9999

total 1,599.84

divide by grams per ounce

.9999 pure 1,599.84
Grams per ounce 31.1

total 51.41

Sounds great so far, oops need to divide by 1,000 to get the cost per milligram

Cost per gram 51.41
Divide by 1,000 1,000

Total .o51

Now multiply by 14, the number of milligrams your actually purchasing

Cost per milligram .051
# of milligrams 14

Total Value $ .72

That's right seventy two cents of gold for only 9.95 (don't forget to add shipping charges).

Doing reverse math gold would have to be worth $30,603 per ounce to break even on your investment. What a deal!!!

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