If you have ever asked the question of how much is gold worth then you may have gotten quite a bit of different answers. Depending on whom you may have asked you may have gotten a low or high number for your gold jewelry or other items, but should you sell?
I have found that more and more people today are actually suggesting your save and even collecting gold rather than selling it. I believe the gold/oz was over $1,700 today which is just nuts.
The theory is that the price and value of gold is going to go up dramatically over the years so instead of jumping on the band wagon and selling now with the craze, I suggest waiting it out. Unless of course you are in some desperate need of cash then it is understandable.
How much is gold worth – $1,700 Plus for Gold These Days
As of now an ounce of gold will run around $1,700 in value but the thing about gold, is that the value fluctuates quite often. By the time you ask yourself how much is gold worth and read this bit of information the price may have double or even decreased so always check online before you consider selling.
There are plenty of online calculators you can use for free to determine the worth of your gold by entering in the Karats, Weight (in grams or ounces) and Quantity. These tools may not be spot on to the value of your gold but they will give you a good idea of about how much you would expect to get out of it if you were to sell.
Why how much is gold worth has multiple answers
Every buyer, seller and jeweler basically has the right to come up with offers and values that are specific to their area and demographic. For example, gold does not always have the same value say in the United States as it would in Australia. Sometimes it isn’t even worth it to sell your gold, especially when it comes to personal jewelry. Always ask how much is gold worth when you are talking to a few different potential buyers before you ever just hand it over!
One thing is for sure that the value and price of gold has gone up tremendously just in the past 10 years and the charts do not seem to be indicating any kind of drop off in the near future. While the history of gold value has always been on the rise there was a small slump in the late 1990s that worries quite a few investors and collectors. However, it wasn’t but a few years later when gold hit a growth spurt again and has not slowed down since.
It is very obvious that if you happen to have some high valued gold items on your hands you just might want to hold onto them if you are considering selling. Even if you didn’t sell for just another year or two you may see an increase in the overall value.
PS: If you want to learn more about the rising value of gold and why you should collect rather than sell then just head for the only government approved money making system with gold. If your active then learning how much is gold worth is directly tied to you ability to fight the dollar inflation.