Even the ‘Golden Cross’ technical indiciation of mid-September 2012, in which the 50 Day Moving Average crossed over and above the 100 Day Moving Average, which was interpreted as potentially providing the momentum required to reach $2000 this time, has in fact turned back southwards and is ominously close to switching paths again.

That southwards movement has been squeezing the gold price in a narrow band for the last 3 months and last week, the donkey’s back broke sending gold hurtling downwards from $1670 to under $1600 in the course of 1 week.

That dramatic move took the gold price below its 100 Weekly Moving Average price for the first time in years if not since the beginning of this secular gold bull market and it is now quite possible that gold will test support at $1550.

If all this has got you rattled, then consider this. The 7-year chart for gold shown below reveals that gold can drop back down as far as its lower supporting trendline and crucial strong support at and above $1500, without it even putting a dent in its long-term bullmarket.

Anyone investing in gold needs to be looking at the long-term and when making long-term investment decision one should put more weight on long-term charts rather than focusing on short-term noise.

Przemyslaw Radomski of Sunshine Profits recently commented in an analysis that:

…the situation for the yellow metal remains bullish at this time. The analysis of this week’s long-term chart uncovered some bullish signals based on a study of trading patterns seen since 2006. As always, implications gleaned from long-term charts carry more weight than those from shorter time periods and are the most important factors to be considered from this week’s gold section. The bullish situation remains in place and RSI levels suggest an oversold situation similar to the major bottoms of 2011 and 2012. Although the short-term picture looks grim, the long term one is really encouraging, even though an additional short-term decline may be seen before the big rally.

“Gold Rush” follows the trials, tribulations and triumphs of Father and son team Jack and Todd Hoffman and their crew as they mine for gold up in the Yukon, Alaska.

Its the stuff of reality TV as viewers get a taster of what it must have been like during the original Klondike gold rush as we follow the band of Oregon men struggle with equipment, mistakes and various mishaps as they follow their dream of finding gold.

Now into its third Season, Hoffman has set himself the lofty goal of digging up no less than 1000 ounces of gold. Given that they fell short of their 100 ounce goal in Season 2, they either know something we don’t or the enduring allure of the yellow metal has gotten to their heads!

So How Much is 1000oz of Gold Worth?

1000 ounces may sound like a lot but in fact it is just 2 and a half 400oz bars, the kind of bars you see high-tech heist theives struggling to pick up in the movies.

So it may not be much to look at but once again people are amazed when they find out how much 1000 ounces of gold is worth.

Well at $1600 an ounce its worth $1,600,000, at $2000 an ounce its worth $2 million dollars and at $2400 an ounce, which is where many gold bugs see gold going in the next year or so, 1000 ounces is worth a mighty $2,400,000.

Well, good luck to them then.

More About the Klondike Gold Rush

The Klondike Gold Rush was a frenzy of gold rush immigration to and gold prospecting in the Klondike near Dawson City in the Yukon Territory, Canada, after gold was discovered in the late 19th century.

Between 1897 and 1900, more than 100,000 people from many nations attempted to reach the Klondike, but no more than 40,000 reached Dawson City.

Some quit on the trail after experiencing too much hardship. Some returned to their original homes. Still others returned to Seattle and made it their permanent home.

The town whose population was a mere 42,837 in 1890, experienced a commercial and population boom as numbers reached 237,194 by 1910.

For those that did make it, the gold-bearing gravel found between the Yukon and Klondike Rivers brought as much as $22 million in 1900

“Everyone was doing it. Everyone dreamed of the day when they would be the one to strike it rich, represent freedom for all, but what does it mean to people today?

I’ll tell you, a big house and a nice car. People don’t see that it’s so much more than just finding the golden score. It’s not seen as a building block for freedom. It’s been twisted and messed up to the point of being stuck on a scratch and win ticket. That is what is left of the prospector’s dream in today’s world.

All the people around you don’t understand, they can’t see the freedom and the hope it brings you when you chase the dream. They just think you’re dreaming, but we know the truth don’t we?

The truth is you’re living and they are the ones that are dreaming. Their search for the big car and the nice house.

Ha! Illusions I tell you brought onto their brain less minds by a media machine. How I wish I could chase after it still, but the fight’s over for me lad. I’ve got a bad ticker you see, but you can, can’t you son?” he explained eyeing me almost enviously, there is nothing better than standing high up on a mountain top and gazing down upon the world. It makes you feel like your own man.

Free from all prison that the world tries to make of your life. You see the world doesn’t want you to be your own man. If they did, they wouldn’t be trying to make you swallow the lie all the time and you know how they do it. Through that little box over there, he said pointing to the television across the room.

Look at those people over there, he explained pointing to the people staring at the TV. They’re swallowing every word of it and it makes me sick. Our pioneer brothers are rolling in their graves I tell ya. They wouldn’t have wanted it this way, this isn’t freedom.

People today don’t know what freedom is. That little box over there tells them that they’re free, but they’re not. You see when somebody tells you something enough times you’ll start to believe it. Tell me you won’t give up, tell me you will follow the dream to the ends of the earth. If not for yourself then do it for your pioneer brothers who help create this world and you become one of them.

Remember freedom is worth dying for and I’m not talking about dying in a war fighting for some illusionary freedom that your government tells you have. I’m talking the real stuff that comes from the open spaces and when you spent enough time in the mountains you’ll know what I’m talking about. It will grab your soul and won’t leave you until the day you die. It’s what pushes all great men and once you see it you’ll chase it for the rest of your days.”

The most recent top came at the $1800 resistance early October after which short-term upwards momentum expended itself resulting in a healthy pullback to the $1710 area. It is in this area that gold seems to be waiting out the results of the mighty nation’s electorate.

Przemyslaw Radomski, founder of SunshineProfits.com wrote earlier this week that “the theory goes that Romney will replace Fed Chairman Ben Bernanke whose current term will expire in any case on January 2014. This might slow down the perpetual money printing machine, which would be a bearish signal for gold.”

But lets bear in mind that Romney has diclosed that he himself owns between $250,000 and $500,000 of gold.

On the other hand, if Obama wins, Radomski reckons we will likely see a quick rally in the precious metals in the short term. Ultimately it does not matter who occupies the White House this January. Deficit spending and money printing is set to continue as there are no quick fixes to the troubled US economy. The long-term picture for gold and silver will remain bullish in either case.

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Firstly a Hanging Man(HM) was posted in which price dropped but then clawed its way back up to close at the day’s open. The following day, September 21st, gold surged upwards in a Shooting Star(SS) motion but was forced back down by close to once again be held at the $1775 mark.

So what does it all mean? Well gold is clearly being tested and a pullback as indicated by waning momentum on the Daily MACD chart may yet be on the cards before gold can attack this level once more.

But don’t count on it. A quick reversal is still quite possible as it has happened many times in the past and caught many a ‘shorts’ unaware. Long term momentum is still upwards so tread carefully.

Way, way, way back in May when gold’s price was slipping and breaching one support level after another, we wrote that ‘Until a secular trend is shown to be broken, it is understood to still be in play‘. Four months later we can now clearly see that the fundamentals of this market have not disappeared, gold has finally run through its consolidation period, is climbing back on the bull and that the secular trend is intact!

In that same article posted May 14th 2012 and entitled ‘Gold Dips Even More‘, we presented the 10-year long term trend line and discussed how gold, then hovering around the $1600 mark, was in danger of breaching it. This could have proven ominous but the following week’s action was spectacular. Gold dipped all the way to $1526 and bounced right back up to $1590 by the weekend. Our article ‘Gold Hits a 4 Month Low‘ pinpointed the bull hammer candlestick posted that week which can now be seen in retrospect to clearly be the low point from which gold’s current rally started.

June 2nd and the article ‘Now That’s What I Call a Bounce‘ had a touch of optimism about it due to the fact that gold have posted a one-day rise of $60! The following article on June 16th also made note that price had climbed back above the 50 Day Moving Average line for the first time in over 3 months. Things were looking up.

Throughout July, gold bored us with no further exciting news. This however was attributed to the Summer Doldrums that is a well known seasonal period of inactivity for both gold and silver. We posted on this topic and exhorted goldbugs to keep strong. Remember, ‘a trend is in play until it is shown to be over’.

Finally in August the news we were all hoping for (and expecting) came. Firstly on August 5th, gold ‘bounced of its 50 DMA‘ rather than sink back below it and secondly by late August, it had crossed back above its 50 MA on the weekly chart and more importantly a MACD crossover had occurred indicating that price momentum was with the bulls. We suggested gold was gearing up for a rally.

Within the space of a month, gold has charged upwards around $150 and almost $250 since its low of $1526 back on May 16th.

So where to now? Where will the peak of this current rally come? I don’t know. But I’ll be sure to be reading the charts and keeping you posted on my thoughts. I’m not a professional but I’ve been tracking the gold charts for over 5 years and I’m invested so my money is where my mouth is.

Fundamentally you have to believe that gold as an asset class is being revalued to the detriment of the US Dollar. If you believe that, join the HowMuchisGoldWorth Blog on facebook and let’s see through $2000 gold together. If not, you are welcome to read QE Maestro Chopper Ben’s blog.

David Nichols of the FractalGoldReport states that “Wednesday’s move up in gold was huge. Not so much in terms of points gained — although it was a pretty chunky rally — but more in terms of context.

There is lower risk now that this is a false breakout, which could have led to a very quick collapse back down. There is always risk at critical breakouts, of course, and even though I didn’t see much of a problem with this set-up, you can just never be 100% certain that the opposite energy won’t come flooding in to tank a good-looking breakout move.

There is a monstrous amount of energy available to power a potential massive trend in gold. This is an ideal set-up for a move up to the next 21-month peak, scheduled to arrive in June or July 2013.”

In one of his latest commentaries, Jeb Handwerger of goldstocktrades.com writes that “It is not the first time that gold has had a number of drops from its long range upward trajectory. Undoubtedly, investors may question the fall from grace this year of gold and silver which saw highs of $1900 on gold and $50 on silver in 2011. Now they are trading near the lower parts of its yearly range.

Characteristically these metals have always been volatile and subject to breathtaking moves both upward and downward as they revert to their means. Do not forget the long term trend is moving higher and we must use this volatility to our advantage, rather than letting the irrational logic of the crowd divert us from our course.

There are enough reasons to explain these mercurial moves. Bernanke’s reluctance to openly inject the markets with the benefits of quantitative easing in 2011, since the expiration of QE2 in April has knocked the wind out of most markets including precious metals.”

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How Much is Gold Worth

How Much is 100 Grams of Gold Worth

Bullion	GOLD
Calculation	VALUE of 100g GOLD
STEP 1	Enter This Gold Price =>
STEP 2	Select Gold Purity
Purity	Karat	Mil.F.(999)	Help (Purity) Help (Quantity)
	10 kt 12 kt 14 kt 16 kt 18 kt 20 kt 22 kt 24 kt
Quantity	Grms	Tolas	Troy Ounces
100g Gold is Worth $			Convert Currency

How To Use This Calculator

By Karat

In order to calculate how much 100 grams of 24k gold is worth, leave the purity setting at 24k. Examples of this would be a 100 gram PAMP Suisse gold bar.

In order to calculate how much 100 grams of 22k gold is worth, set the purity to 22k.

In order to calculate how much 100 grams of 18k gold is worth, set the purity to 18k.

In order to calculate how much 100 grams of 14k gold is worth, set the purity to 14k.

By Milessimal Fineness

If your gold is stamped with a three digit number rather than a karatage, then select the millesimal fineness radio button instead and enter it into the purity field. For example, in order to calculate how much 100 grams of 999.9 gold is worth, enter ’9999′ into the purity field.

Calculating the Price of Gold per Gram

The price of gold is quoted in Troy Ounces which is a unit of Imperial Measure that was used widely throughout the British Empire after the ‘British Weights and Measures Act’ of 1824. Even though the metric system of weights and measures is now commonly used internationally, the Troy Ounce has survived as a ‘gold standard’ by which the price of gold is quoted. In the metric system, a Troy Ounce is equal to 31.1034768g. Thus in order to calculate the gram price per gold, you need to divide the spot price for an ounce of gold as follows.

Gram Price of Gold = Spot price of Gold/ 31.1035 (rounded)

Subsequently, 100 grams of pure 24 karat gold is worth:
100 * Gram Price of Gold

Converting 100 Grams of Gold to Troy Ounces

Given that a Troy Ounce is equal to 31.1034768g:
100 grams = 100/ 31.1034768 = 3.215 Troy Ounces

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Gram Price of Gold = Spot price of Gold/ 31.1035 (rounded)

Subsequently, a 100 gram PAMP Suisse gold bar is worth:

100 * Gram Price of Gold

Buy why go through all these calculations, when you can simply use the wonderful ‘How Much is 100g of Pure Gold Worth‘ calculator to straight away figure out how much a 100 gram PAMP Suisse gold bar is worth right now at today’s gold rate.

The online calculator suggested above is valid because all 100g PAMP Suisse gold bars are 999.9 fine. This means that they are 99.99% pure gold, a purity level that is also known in the business as ‘four nines’ fine.

Most minted gold bars for investment demand whether they are 1g or 100g in weight are refined to this level. This method of measuring bullion purity is known as millesimal fineness and anything above 999.0 or 99.90% is categorised as 24 karat gold as this is the nomenclature that many people still use to understand gold purity.

How Much is 100g of Pure Gold Worth

Since the spot price of gold is quoted for pure 24 karat gold, the ‘How Much is 100g of Pure Gold Worth‘ calculator linked above is an easy, quick and convenient tool to figure out how much a portofolio of 100g gold bars is worth. What is more, this fun and easy-to-use tool can be used to figure out how much a gold bar is worth of any brand that is 24 karat pure such as Valcambi and Credit Suisse.

How and Where to Buy 100g PAMP Suisse Gold Bars

Along with four other Swiss bullion refineries of high repute, the PAMP name stands out from amongst the crowd and attracts attention not simply because of the quality of its gold bullion bars but also because of their beauty.

The ‘Lady Fortuna’ motif is perhaps the most well known of all insignias featured on PAMP Suisse gold bars. For this reason, getting your hands on newly issued PAMP Suisse gold bars can sometimes be difficult because of their demand.

Northwest Territorial Mint

Precious metals industry leader, ‘Northwest Territorial Mint’, which has a good standing with many professional industry associations such as the ‘American Numismatic Association’ and the ‘Washington Coin and Bullion Association’ does list 100g PAMP Suisse gold bars for sale every now and then. Given a spot price of $1587 for an ounce of gold, the price they quote you has previously been based on a sale price of $1635 an ounce. This calculates to a sale price of $5256 for a 100 gram PAMP Suisse gold bar and there is a minimum purchase of at least two bars. If the premium does seem a bit steep, bear in mind that shipping is free to all 50 U.S. States and there are no added fees, no hidden charges and no extra costs.

APMEX

‘APMEX’, an American company based in Oklahoma, often has 100 gram PAMP Suisse gold bars for sale online. Given a gold price of $1582, you can expect to find these bars available for sale for around $5270 which in fact is a higher premium that that charged by ‘Northwest Territorial Mint’. However, ‘APMEX’ will allow you to buy single bars and gives a discount rate of $5,238 when buying 10 bars or more.

Crown Bullion Company

Gold investors based in the United Kingdom will be interested to hear that ‘The Crown Bullion Company’ are also proud sellers of 100g PAMP Suisse gold bars. ‘The Crown Bullion Company’ is consistently building strong relationships with its suppliers & its international couriers. They are therefore in a great position to supply any quantity of PAMP Suisse product, be it gold, silver, platinum or palladium that may be required within an acceptable time frame at prices comparable to ordinary bullion.

Note that whereas the instant online ‘How Much is Gold Worth’ calculators on this site give the value of gold as per the market price, when it comes to selling or buying, there is always a difference in price between the two known as the ‘spread’ which is normal in all markets. The calculation tools used on this site can help you understand exactly how much a 100 gram PAMP Suisse gold bar is worth when it comes to buying or selling them in the market.

Pictures of 100 Gram PAMP Suisse Gold Bars

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