If he's got that setup, he probably deals in gold and it's a whole lot easier to mess with a solid block than individual pieces. And while assaying is a whole lot easier than most people realize, it's much easier to do one piece than it is 20, 30 or 40 pieces.
Naw, gold sells by purity and by weight. An assay only takes a couple minutes and 1 ounce of 14 carat gold sells for less than 22. Gold like that goes to a refinery and their processes take the impurities out.
Why in the world would you melt down an actual coin into a generic block that must be assayed? Makes no sense.
ReplyDeleteIf he's got that setup, he probably deals in gold and it's a whole lot easier to mess with a solid block than individual pieces.
DeleteAnd while assaying is a whole lot easier than most people realize, it's much easier to do one piece than it is 20, 30 or 40 pieces.
What about the impurities? Don't you have to separate them?
ReplyDeleteNaw, gold sells by purity and by weight. An assay only takes a couple minutes and 1 ounce of 14 carat gold sells for less than 22.
DeleteGold like that goes to a refinery and their processes take the impurities out.
Money laundering, in it's earliest and purest form.
ReplyDeleteWhat was the white powder he poured in?
ReplyDeleteI think it's the same as spraying Pam in a skillet before frying. A non stick substance would be my guess. Ohio Guy
DeleteBorax
DeleteBuddha
I am guessing that was some kind of flux dumped in last. Guessing Kenny will know he seems to have a pretty good grasp on the subject so far.
ReplyDeleteThat is the fate for a lot of stolen jewelry. Once melted down it's no longer "possession of stolen property".
ReplyDelete