Gold For SaleSituation puzzles (sometimes called lateral thinking puzzles) are ones where you need to ask lots of yes or no questions to figure out what happened in the situation. These are good puzzles for groups where one person knows the puzzle and answers the questions.
Last month when the price of gold was pushing $1000 an ounce, my nephew Ernie dropped in with a proposition. He said an acquaintance was in a bit of a bind and needed some fast cash. "My friend has ten ounces of 24k pure white gold he needs to sell quickly!" said Ernie. "He'll let it go for $8000! If you can lend me $3000 to go with the $5000 I already have, I'll split the profits with you."
Why did I tell my nephew, "Forget about it!"?
HintIt was genuine white gold, and I had the $3000 to lend. I trust my nephew, too.
AnswerThere is no such thing as "24k pure white gold!" Pure gold is a luscious yellow color and it requires the addition of at least 25% of a white metal alloy (usually nickel) to produce white gold. This reduces the value of the final product. Ernie's "friend" probably bought his white gold at a much lower gold price and saw an opportunity in the rising market.
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