1) How is the price of gold determined?
There are a lot of factors that go into the pricing of gold. It has some industrial use, but it’s largely traded like a currency to hedge against uncertainty in currency markets. It is seen as a stable investment, and it often increases in value during times of uncertainty.
Of course, there are a lot of factors that go into the market value of gold, but it traded on Forex markets around the world and is one of the most popular investments. It’s impossible to say for sure whether it will go up and down over any given time period. If you want to calculate how much the gold you own is worth or how much you could sell it for, you can use a gold value calculator or learn how to calculate the value of your gold.
2) What is the current price of gold?
Looking for the current price of gold. The gold page at Kitco has live gold prices so you can check the value of your gold. This is the price you should use when calculating the value of the gold you own in the value equation linked to in (1).
3) How do I submit a gold scam?
You can submit a gold scam or bad experience you had with a gold buyer here. We will review it and post it to our website if appropriate.
4) How can I sell gold for its full value?
Unfortunately, this is nearly impossible. Gold buyers and refiners need to turn a profit too, so you can expect less than face value for your gold (as it is with any “collectible” item). However, the more gold you have, the closer to full value you can get. Using a reputable local or online gold buyer (probably not one listed on our site), selling a large quantity of gold, and negotiating for a higher payout can all help you get closer to market value.
5) How do I buy or invest in gold?
Investing in gold has become more popular and accessible over the past 20 years. You can of course buy physical gold, but you can also buy gold via the stock market or directly on Forex markets as well. Here are our guides to buying gold in each of those areas:
Buying Physical Gold
Investing in Gold ETF’s and Stocks
Gold Forex Trading