FAQ

Q: How do I calculate the precious metal factor?

A: The precious metal factor is a calculated constant that indicates how much gold, silver, or palladium is on your product. The factor will appear on your quotation and tells how many troy ounces of precious metal are on each unit of product, either pound or individual piece.

Here are the steps you must follow to determine the dollar value of gold on a product:
1. Locate daily market prices for the precious metal you want to calculate on our home page, www.ppc1904.com
2. Daily gold price as of April 7, 2006 is $635.76
3. Your gold factor is .000125 per each piece/pound.
4. Calculate gold per piece/pound (Au Factor X Daily Au Price) = Metal Per Piece/Pound or 635.76 X .000125 = $0.07947 each piece/pound.
5. If you are dealing with pieces and wish to get the price per thousand, then do the following: (0.07947 * 1000) = $79.47 per thousand.

This will also work for Silver and Palladium pricing. You only need to substitute the appropriate precious metal factor and daily precious metal price in the formula shown in step 4. If you are in need of further assistance, please call us at 888-621-1292.