In Reply to: Is gold expensive??? posted by Baldie on Thursday, 30. July 2009 at 12:06 Bali Time:
a few quick pointers.you are only paying for the actual price of gold on the day,which basically means your are buying wholesale in bali.we bought a 70% gold braclet around 8 years ago for $A300.00,had it valued in aussie and our jeweler said it would sell for around $A1,200.00 from memory gold was around $400.00 per oz U.S and now its around $900.00. so the same bracelet now is worth say $650.00 in bali and around $2,600.00 in aussie.PLEASE NOTE AS BALDIE SAID gold in bali is not the 9ct stuff you get in aussie that looks more like brass than gold.its from 16 to 18 ct in bali.pure gold is 24ct.and its a bright yellow in colour.good luck.bottom line you cant go wrong in bali.just a quick note we also had our jeweler test gold in aussie and it was as sold to us 16ct or 70% gold and that is what the test showed.cheers norm and julie