Paid in gold

[Greg D.]

I bought my first gold yesterday. I had a tenant that only had 1/2 the rent due and off the cuff asked if she had any jewelry she'd like to sell. I've never bought any gold and don't even own any jewlery.

I have a small gram scale I weighed it with, went off the engravings for purity info, and Google'd current gold rates. I paid her half of what Google said was the value. I'm thinking that I'll even hold onto the gold.

What are your thoughts in what and how I did?

[Michael Heisterkamp]

I would be hesitant to do this unless you know what you are doing. Unless you know for fact that it is solid precious metals. Cheap jewelry is often just clad in precious metals rather than cast in it. So just make sure you know what you are doing.