Nothing is more disappointing than when someone buys paydirt and feels like they got a bad deal. We want everyone to be happy and we feel we’re doing a solid job.
After reviewing many paydirt sellers and testing different offers we confidently give you five reasons why gold paydirt IS worth buying, and two reasons why it is NOT.
Reasons gold paydirt IS worth buying
1.) If you love prospecting and want to do it from the comfort of your home.
2.) If you want to practice your panning skills or test a new gold recovery device such as a highbanker.
3.) If you want to give a unique gift with lasting value.
4.) If you like the challenge of the find.
5.) If you, or someone you know, loves chunky Yukon gold.
If you love gold prospecting and want to do it from the comfort of home.
The number one reason people buy paydirt is that they just love the experience of prospecting for gold. People who are afflicted with gold fever just know there isn’t anything like the feeling of panning back that pile of sand and seeing that gold line reveal itself along the top edge.
Unfortunately gold is challenging and to go out and get, which is why it’s so valuable. Some folks don’t have the time or the energy to go on a prospecting trip, especially if they don’t live near any gold-bearing areas.
Some folks might have disabilities or health issues that won’t allow them to go prospecting at all!
Whatever the case, buying real gold paydirt is the only economical option for those people to feel the joy of prospecting for gold from the convenience of their homes.
If you want to practice your panning skills or test a new gold recovery device.
Buying real gold paydirt is virtually the only way to practice panning different kinds of gold deposits from different types of soils at home.
Even if you have some placer gold at home and can mix it with some dirt from your yard to make your own paydirt, you may not have the heavy mineral concentrations that gold is found with to replicate the conditions you’ll encounter in the field.
Our Paydirt, for example, has GUARANTEED gold. That means if you recover less than the amount of gold specified, then you know you lost some gold and need to continue to practice your panning skills.
If you do recover at least the GUARANTEED amount of gold, since it’s mixed with real black sand and heavy minerals, then you know you can recover gold in some of the challenging conditions you’re likely to encounter.
For the same reasons buying gold paydirt is a great way to test a new gold recovery device before you take it into the field. It gives you a good control input to know if your new device is capturing gold from other minerals quickly and efficiently.
If you want to give a unique gift with lasting value.
Panning for gold is a skill that you can teach older kids while sharing an experience together that doesn’t involve looking at a screen. For the young-at-heart it’s a great way to bring the adventure of gold prospecting home for Christmas or a birthday.
The nice thing about paydirt is that when all is said and done you’re left with something of lasting value: gold!
While we’d never recommend paydirt as an investment (in fact it’s one of the reasons NOT to buy paydirt), it holds its value better than almost anything you’ll get on Amazon these days. Most gifts eventually break, degrade, or become outdated or unfashionable.
But gold is timeless. Besides being unique and beautiful, it’s retained its value for centuries, and will continue to do so. Not only that, but placer reserves are diminishing and becoming harder to get. A one ounce nugget for example, is rarer than a 5 carat diamond.
There is something fundamentally different about buying gold paydirt than gold bullion, and that’s the thrill of the hunt. You may come out with a little more gold in one bag and a little less in the next. It’s an undeniable part of gold prospecting.
That said, if heading out to the river on a prospecting trip is a “10” on the gambling dial, buying gold paydirt is a “1.” You’re not risking much and, when you buy our bags, you’re guaranteed to get a certain amount of gold in each.
If you, or someone you know, loves Genuine Yukon Gold.
For those who feel a special connection to The TV series Gold Rush, whether it’s through connecting with family or just being a big fan of the characters and stories, we can offer a real Yukon Gold experience for you at home. If your not a fan, it’s still just a great way to acquire some Yukon gold to add to your collection.
Reasons gold paydirt IS NOT worth buying.
If you want to make an investment in gold.
If you want investment-grade gold you should buy bullion!
You know exactly what you’re getting and it’s easier to value a one ounce Canadian Maple Leaf gold coin than an ounce of raw placer gold. I would NEVER tell someone that paydirt (even ours) is a superior investment.
The most common reason people are disappointed by paydirt is that they’re comparing it to an investment in gold bullion, or expecting a “100% ROI.”
The whole paydirt industry is damaged by the prolific use of the term “return on investment” or “ROI.” Traditionally “ROI” is a financial term used to calculate the amount of profit made on an investment.
Why is this applied to paydirt? Are customers expecting an immediate profit from their paydirt? What product do you expect to buy from a retailer that’s consistently worth MORE than you paid for it?
“ROI” in the world of paydirt is the term used to measure the value of the gold received in the paydirt versus the price paid for the product.
The way ROI is calculated in paydirt is this: let’s say you spend $150 on a bag of paydirt and you recover 1.5 grams of gold. So you would take the spot price and divide it by 31.1 grams in order to get a value of gold per gram. At $2,300 Canadian per troy ounce, one gram of gold is worth $73.95. So 1.5 grams is worth $110.93, which paydirt customers would consider a 73.95% “ROI.”
Let’s take a look at bullion as a comparison.
A one ounce Canadian Maple Leaf gold coin from Border Gold today costs $2,557.69 if you pay with a credit card. It’s a few % less if you pay with a wire transfer. Shipping is $30.
The price of gold today according to Kitco is $2,341.41.
By paydirt logic the “ROI” on buying a one ounce Canadian Gold Maple Leaf coin with a credit card today is 91.54%.
Bullion dealers and paydirt sellers, like all retailers, need to make a profit. And if paydirt sellers are good to their customers they, like bullion dealers, are making pretty thin profit margins.
That said, some paydirt buyers are still obsessed with getting a “100% ROI.” It’s a strangely high bar that’s held up for this business that isn’t for others, and actually could set you up for getting a low quality product.
As a paydirt company, it’s important that buyers know they’re getting a decent amount of gold, because there are some bad actors out there…
If you don’t know if the paydirt seller has a bad reputation/is scamming customers.
To be fair to customers and their use of the term “ROI,” it’s been important for folks to communicate which paydirt sellers are giving a fair amount of gold and which ones aren’t. Paydirt can be an expensive item and bad actors will trick customers, essentially sell them a bag of worthless dirt for a lot of money. That’s why many paydirt sellers do not show how much gold you are getting.