With all of the infomercials and companies sprouting up everywhere wanting to buy your gold people want to know how much is gold really worth and is it the most valuable? Even with the uncertain economic future it seems that these gold buying companies are doing very well and you can’t go a day without seeing at least one advertisement for one.
While these companies do provide a way for
people to get some extra income or emergency cash they are doing it at a rate that is below the bullion value. That basically means that they are ripping people off. There are a few companies out there that do offer high or top dollar for the gold and silver they buy but even still you are not going to get the full value this way.
How much is gold worth compared to silver?
Gold is much more valuable right now than silver is all over the globe but some people are curious to know if one day silver will become more valuable than gold. Historically speaking silver has always been in high demand and just in 2010 alone the industrial demand for silver went up almost 20%! However, the recent decline of the US dollar value will also have an effect on how much gold and silver will be worth in comparison to each other.
How much is gold worth now and has been worth?
Now days, you can probably sell about an ounce of gold for $1,000 to $2,000 depending on where you go to sell it. Remember that not all companies are going to give you the same offer so I would check with at least 3 different companies so you can explore your options. For almost 200 years the price per ounce was only about twenty bucks so the value have definitely increased in recent years and there does not seem to be any sign of that declining anytime soon.
While gold has made a rise in value in the past decade, silver has done just the opposite. While there have been some new recently interest in silver for the most party the value has been in a steady decline since the early 1900s. This is one of the things that skeptics look at when looking at the potential of silver surpassing gold in value.
I am no expert on silver or gold (I just buy the stuff because the dollar is weak) but it seems that those have been two pretty popular metals for centuries and while they may fluctuate in price and value, I don’t think there will ever come a time where they both are obsolete.
How much is gold worth historically to others
I am of course basing that on the historical information provided because that doesn’t seem like a real likely outcome. So how much is gold compared to others? Gold is definitely winning over silver, platinum and more so you may want to hold onto yours a little longer. So understanding how much is gold in relation to other items helps you see if something is going up or down.
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