In Reply to: That explains it! posted by Kiwi Carol on Sunday, 8. July 2007 at 08:16 Bali Time:
is only 3/8 or 37% gold and 63% copper so really very low actual value. Pure 24 carat gold is worth about AU$25/gm so a 5gm ring of 9 carat gold only has about $45 of gold and the rest of purchase price is labour and markups. For second hand the selling price wil be below 45 because it has to be remade and in Bali the gold would have to be extracted and repurified to be of usable quality again. Hence low offer.