google037df74da6aab727.html

Spot Gold Chart and Information

Spot gold prices change regularly. 

Because many treasure hunters are constantly searching for that lost gold coin or the gold nugget, many do not understand how to price gold for sale on the open market.

Hopefully I’ll be able to explain here, how you can price the gold you find for sale to either a refiner or a coin dealer if you have gold coins.

Why Is Gold Important

To answer the question, Why is gold important? We only need to look at history. Every time the United States, or for that matter any country, suffers through an economic crisis, the individuals who held gold survived financially.

Problems like federal debt, trade deficits, interest rates, and inflation, are just a few of the problems that cause the spot gold price to increase.

At the time that I am writing this, the US dollar is in more trouble than past years. The purchasing power of the dollar has eroded significantly since WWII.

When the influences from the above factors create a negative effect on our dollar, the people who have held gold have, as I mentioned before, survived the crisis.

Spot Gold Charts

[Most Recent Quotes from www.kitco.com]

Frank W. Pandozzi is a participant in the Amazon Services LLC Associates Program, Clickbank, and MyTopo affiliate advertising programs designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com, mytopo.com, and clickbank.com.
Please visit my Affiliate Disclosure below for more information.

Since the beginning of time gold has always been looked at as an asset and not a liability. It was once stated that gold is the only asset that is not someone’s liability.

Gold is trusted, it is redeemable, and it is looked upon as a sense of security by all nations.

How The Gold Price is Determined

The spot gold price is the price that is quoted for the immediate payment to purchase gold. All precious metals have spot prices.

Sometimes the gold price can be a barometer of what the market prices will be in the future.

Click here for a better understanding of how gold pricing can determine market price in the future.

What Does Gold Weigh?

Gold is measured in troy ounces. A Troy ounce is equal to 480 grains. A troy ounce is a bit heavier than an avoirdupois ounce, which weights 437.5 grains.

Troy weight has 12 ounces to a pound. The avoirdupois system has 16 ounces to its pound.

One unit is equal to one pound (12 ounces)

5760 Grains equal one pound

373.2417216 Grams equal one pound

One ounce equals 480 Grains

One troy ounce equals 31.1034768 Grams

20 Pennyweights equals a troy ounce

1 Grain equals 0.06479891 Grams

What Does A Refinery Do?

If you have scrap gold, or jewelry and you want to sell those items, a refinery will purchase the item from you and then pay you a percentage of the gold price.

You can buy gold bullion, gold coins, gold bars or scrap gold, options and futures. You can also buy shares of gold stocks and mutual funds that invest in gold.

Your gold buying needs should be well thought out before your fist purchase.

Gold Buying Books

You should talk to a financial professional who is knowledgeable about gold to help you decide what types of gold to buy. Remember, the price you will pay will be based on that days spot gold prices.

If you have not done so already, please be sure to visit my homepage. 

Silver prices are also increasing. Cash in now!

AFFILIATE DISCLOSURE

I am an affiliate marketer. This means that certain products that you may see advertised on this site I get paid a small commission if that product is clicked on AND purchased by you. Those products, whether pictures of a service or a product contain links to the seller.

What companies do I work with and promote?

I work with Amazon Services LLC Associates Program, Clickbank, and MyTopo, affiliate advertising programs designed to provide a means for sites to earn advertising fees by advertising and linking to these websites.

I also promote Solo Build It Site Built It, because it's the product I used to build this website.

Please do not use this website if you disagree with any of the terms outlined here.

Thanks for visiting!

Thank You,
Frank W. Pandozzi, Website Owner