The gold was weighed in front of me then taken to the back to test purity which came back 22kt. As I had checked the spot price previously I quickly calculated a market price of $135/gram. I was given a price of $90/gram. I asked what spot price was used twice then J**** (the owner) leaned over from the next window and said, “I pay $90/gram”. “For 22kt?”I asked. He nodded and said “That’s what they told us”. “I thought you paid 20% below market” I said. “That was before” he said “not now”. He seemed to be getting upset and said “If you think you can get a better price…”

These were answers from someone being deceptive.

I may be wrong but as owner he can choose to pay whatever price he wants. Who is “they” that told him $90?

“Before”? Before what?

I don’t like selling my gold and like the vast majority of people do so because they need money now. In Yuma there are 3 choices: Arizona Gold & Silver, pawn shop or jeweler.

I have been selling to AG&S for 20+ years. They have always indicated to pay 20% below market. Although I have asked many times how their price was determined I never get an answer.

The standard formula to determine gold value is:
WeightXpurityX(spot price÷31.1).

How you determine the price you pay should not be a secret. Transparency shows honesty and that’s all I ask.

I accepted the $90/gram because of the 3 choices you pay more than the others which makes you the only choice.

I gave 3 stars because the people are always polite, pay more than others and in cash.