How Much Is Gold Worth
It seems that the question ‘How Much is Gold Worth’ is on everybody’s lips these days. Slowly but surely, the general public throughout the US, Europe, India, Middle East and the rest of the world are waking up to the fact that the price of gold has been steadily rising and rising and ….rising! All of us know that markets rise and fall, but even with these market wobbles, the price of gold over the last 10 years has been climbing in an amazing bull market that has been one of the best performing investments of the decade.
Exactly How Much is Gold Worth?
The exact price of gold is constantly changing on the spot gold bullion market but its price is ‘fixed’ for a given day. The ‘How Much Is Gold Worth’ calculator on this page will allow you to immediately find out how much your gold is worth based on quantity and purity, at today’s gold price.
Instant ‘How Much Is Gold Worth’ Calculator
From hitting a low of just $275/oz in 2001, the price of gold has risen every year (except for a correction during the 2008 global financial crisis) blowing milestone price levels out of the water. First the all the time peak of $850 set during the 1970’s was toppled in 2007. Next the psychological $1000 mark was surmounted in 2009. As of summer 2010, gold stood at over a staggering $1300/oz. How long prices will stay at these levels is anyones guess. As in any market, there are those who say prices are yet to rise and those who say a big correction is due.
The Time To Profit May Be Now!
Given these prices, it is no wonder that people are starting to wonder how much their gold is worth. Many of us have bought gold throughout our lives in the form of jewelry such as gold watches, necklaces, rings etc…Over the course of a lifetime it can amount to quite a bit of the ‘yellow metal’. With prices hovering at over 1000 dollars an ounce, suddenly a pile of gold trinkets could be an Aladdin’s treasure.
Some of us may even have been lucky enough to receive a pure gold bullion bar as a gift. In many cultures, this is quite common for example when a baby is born or when you get married. Gold has increased by over 50% in the period 2005-2010. How many other investments have paid off that much?
Is All Gold Worth the Same Amount?
Like all metals, gold can be pure to various degrees. Pure gold is generally only bought for investment in the form of gold coins and gold bars. Gold alloys on the other hand, which are a mixture of gold and other metals such as nickel for example, are more suitable for making jewelry as they are harder than pure gold, more durable and not as susceptible to scratching and other such wear and tear.
Purity can be measured in Karats or Millesimal Fineness and is generally stamped onto the gold item in the form of a ‘hallmark’. So when it comes to determining how much gold is worth, it depends on the purity of the gold in question. Clearly, 1oz of pure gold is worth more than 1oz of gold jewelry.