During  Advanced Business Mastery I had the pleasure to meet Peter August  from Australian Bullion Company.  www.austbullionco.com.au

Peter’s knowledge of Gold and other precious metals had us all amazed, and his wealth of experience with  stories about the mystical and precious metals he deals in.

In the early 1980s when the price of gold was around $400 per ounce. I was called to help an elderly lady with a blocked sink. I removed all the usual cleaning products; Detergent, sponges and a nest of plastic bags.

Two of the plastic bags were surprisingly heavy to lift.

I needed both hands and all my strength to lift these two bags onto the kitchen bench. Inside both the bags was a gold bar roughly the size of a house brick. I felt I was in Aladdin’s cave! The elderly lady was standing over my shoulder. She didn’t offer…. and I didn’t ask. I went out to the truck to get some more tools and when I came back in, the bags and their precious contents were gone.   

Based on the standard mass of a gold bar and the price at the time, I estimate that one of those bars would have been worth about $160,000.

Meeting Peter reminded me of this story. After retelling it to him, he pointed out that earlier this month (September 09) gold had reached a price of  US$1000 per ounce, and then estimated that one of those bars would have been worth at least US$400,000.

Not a bad mornings work.

Peter J August, Managing Director of Australian Bulion Company

http://www.australianbullioncompany.com.au/index.php

www.thelonedrainerandpronto.com.au

The Lone Drainer And Pronto
Blocked Drain - Plumber Sydney

Tags: kitchen sink, Plumbing Services Sydney, The Lone Drainer And Pronto!

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