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Re: coloradoKid post# 52843

Thursday, 01/05/2012 7:52:50 PM

Thursday, January 05, 2012 7:52:50 PM

Post# of 101798
Ck, one slight adjustment, silver is off by $.09 cents, unless you are taking into account the 10% royalty that is paid to the middle man to execute the sale, in which case you are basically right on.

If not, here is my calculation:

$29.23 01/05/2012 Current Silver/Oz. Price

28.3495231 Grams per Ounce

$29.23 / 28.3495231 = $1.0310579 Per Gram

Once again, I think that your $.94 ppg is right on if you already took into consideration the handling charges from the executing company.

Thanks,

Miller

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