Buy and Sell Gold

Live Gold Prices

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The sites below you will find Live Gold Prices.

Live Gold Prices: http://goldprice.org/

There you can search Live Gold Prices in oz, g, and kg. (Ounces, Grams, Kilograms)
You can view the price of gold and silver in 17 differenct Currency's. Including USD, CDN, EUR, etc.

The Prices of Gold Coins, and Gold Bullion are also featured.

Where to Sell Gold Online and Offline

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If you have gold coins or jewelries you want to sell for some needed cash, there are options available for you to choose from. You can either sell off your gold offline or online. Make it a point to be aware of the current price of gold so that you know which ones are actually giving your reasonable offers.

Selling Gold Offline

So you are now ready to sell your gold to an interested buyer with an interesting offer. Your items are now prepared along with the necessary papers and presentation cases that attest to their authenticity. The only problem is where to sell off your gold for cold cash. Below are options for selling gold offline.

Friends / Acquaintances. It is very likely that you know some contacts who are interested to buy your gold especially if the gold items you are selling are in good condition. The club or association you belong to might be a good place for you to start such endeavor.
Local jewelers and pawnshops. For gold items that you wish to sell as jewelries, you local pawnshop and jewelry shop might be the best option for such a transaction. The offers may not be as good as the actual gold price but more often than not, they are reasonable.
Local scrap gold buyers. For gold items that you want to sell as scrap gold such as broken and mismatched jewelries, you can check your local scrap gold buyers and see what they can offer.

Selling Gold Online

If you prefer to sell your gold online, here are some of the options that you have:

Auction sites. The most popular online auction site is eBay so you can try selling your gold there by describing your product, post some pictures, and enable the bidding process to start.
Online gold buyers. There are several gold buyers online who give you cash for your gold. You can check out the reviews section and choose the company that you think would give the best offer for your gold. Some popular choices include Cash4Gold, GoldFellow, and GoldKit.

Tips on Selling Gold for Cash

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The price of gold is up 20% since the beginning of 2011, and by mid-August gold was going for over $1,700 per ounce. With record high levels being paid for gold, many people are cashing in by selling gold jewelry and other items.

Consumers have lots of options for selling gold, including local jewelers and pawn shops, gold parties in friends’ homes, pop-up events by traveling dealers, and mail-away gold buying services. No matter where you choose to sell gold, it’s important to know the value of your gold as well as the reliability of the business buying the gold.

Understand that you won’t get the full price for your gold, because you’re selling to a dealer who then will re-sell the items to be melted down. You may be offered anywhere from 50% on up of the value of the gold.

Get two or three bids. Comparing offers from more than one buyer will help you determine the market value for your item. For items that may be valuable, consider getting a professional appraisal. You will have to pay for the appraisal, but you will gain important information. Some gold items might be worth more when sold as they are, rather than to be melted down. If that gold necklace or bracelet comes from a notable designer or maker, it might have a value to some buyers beyond the gold it’s made of.

A Smart Way to Buy Silver

2011-09-26T12:15:00.000-07:00

A real smart way of investing in silver that obviates a lot of the premium and saves on shipping costs, insurance and storage is by using a system whereby the silver is purchased on your behalf and stored in a bank vault for you. There is, of course some premium and a storage fee but it is much less and one does not have the problem of maintaining security of the storage.

Gold Money is one such system and one can buy virtually any quantity of silver from just a gram or two up to as many ounces or grams as you want. This is ideal for an investor as one can then embark on a regular savings plan but with the ability to vary ones regular savings according to ones ability to save. One can also buy gold this way.

The silver is stored in a bank vault in either London or Zurich and fully insured. It is audited by an independent third party on a regular basis to ensure that the silver or gold in the vaults exactly matches the record of silver or gold in the clients accounts.

With the lower purchase and maintenance fees and less hassle handling and looking after ones silver, Gold Money is an ideal way to accumulate a silver nest egg and when it comes to tips on buying silver, this must surely take the biscuit.

Investing in Gold - Invest in Gold

2011-09-26T12:14:00.001-07:00

Of all the precious metals in the world, it is gold that has long been regarded as a symbol of wealth and power. A much sought after commodity throughout history, gold has properties that not too many other precious metals share. It is, for one, the most malleable and ductile precious metal of all. This very property alone makes it perfect for a number of applications, from coinage to industry, as well as for electronics and even medicine. Then there’s its unique luster, an attractiveness that can only be fully appreciated when the metal is transformed into beautiful pieces of jewelry.

It is all this that makes gold a wise and great investment. Gold, after all, is an easily exchangeable or tradable commodity. What’s more, the price of gold has risen dramatically over the years, which explains the steadily growing number of people trying to get into the gold buying and selling business. If you are one of those people who are interested, there are a number of investment vehicles that you can opt for.

For those who prefer to enter the business in the most traditional manner, buying gold bullion bars is the way to go. Gold bars are quite popular among investors because of the ease at which it can be bought or sold through many major banks as well as commodity brokers. Commonly available weights are 10-oz gold bars, 1-oz gold bars and 100-gram gold bars. These bars have a standardized purity of between .995 and.999%.

Another very popular way of investing in gold is buying gold bullion coins. With gold coins, buyers will actually get to physically hold and keep these gold coins in close proximity. Typically priced according to their weight, these gold coins need to be stored in a very secure place, and it is imperative that owners of gold coins make the necessary arrangements, whether it’s setting up their own storage space or paying for offsite storage.

However, if you think that storing any actual gold product would be too much of an inconvenience for you, maybe you should think about investing in gold exchange-traded funds (GETFs) instead. These GETFs, which were launched in Australia in 2003, can be traded in all major stock exchanges around the world in very much the same way that shares are traded. This method of buying and selling gold, however, entails various fees for such services as storage, insurance, and management. This means that over time, these certificates will tend to decline.

Investing in gold certificates is also another option for those who find the idea of taking possession of the actual physical gold product bothersome. In this method, the seller will issue the buyer a certificate of ownership representing the actual amount of gold purchased. It is interesting to note that from 1882 to 1933, gold certificates were used in the United States as a form of paper currency. Today, only gold pool programs in the United States and Australia, and Swiss and German banks continue issuing gold certificates.

A less popular gold investment vehicle is buying stock in mining companies. While it may not represent ownership of actual gold, being a stockholder means getting a share of the company’s profits when the price of gold rises. But a rise in gold price doesn’t automatically mean a rise in share price, as many factors have to be taken into consideration. Many investors consider this method as high risk and volatile, which is why it is the least used vehicle for gold investors.

When investing in gold, consulting an experienced seller or broker is of utmost importance, as they are the people most qualified to help you choose the right options. Just make certain what your goals are, whether your investment strategy is for the long term, or if you are in the business only for short term gain, so your broker can readily identify the right investment path for you.

Source: http://www.howtosellgoldjewelryforcash.com/

What is a Gold Bar?

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A gold bar is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping.

Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets.

Standard Gold Bar Weights

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One tonne = 1000 kilograms = 32,150.746 troy ounces.
One kilogram = 1000 grams = 32.15074656 troy ounces.
One tola = 11.6638038 grams.
One tael = 50 grams.
TT (Ten Tola) = 117 grams (3.75 oz)

*Tola is a traditional Indian measure for the weight of gold and prevalent to this day. Many international gold manufacturers supply tola bars of 999.96 purity.

Gold Stocks M&A Rising, "Good News for All Gold and Silver Explorers"

2011-09-25T22:46:00.004-07:00

GOLD STOCKS NEWS – Gold stocks continued their outperformance of the gold price on Wednesday, as the Market Vectors Gold Miners ETF (GDX) advanced $0.63, or 1.0%, to $66.26 per share in mid-day trading. Strength in gold stocks and the GDX came despite a quiet day for the price of gold, as it hugged the flatline near $1,800 per ounce ahead of this afternoon’s Federal Open Market Committee (FOMC) announcement. The S&P/TSX Global Gold Index, the leading gold stocks composite in Canada, climbed 0.9% to 448.55 alongside the GDX.

Notable gold stocks moving higher this morning included GDX components Barrick Gold (ABX), Gold Fields (GFI), and Royal Gold (RGLD) – which advanced 1.4%, 1.2%, and 1.0%, respectively.

Since reaching a 52-week low of $51.10 on June 16, the GDX has climbed 29.7%, compared to a 17.5% rise for the price of gold. Thus far in September, the GDX is now higher by 5.5%, versus a 1.5% decline for the yellow metal.

World's Largest Gold Bar

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The world's largest gold bar stands at 250 kg (551 lb), measuring 45.5 cm × 22.5 cm × 17 cm (equal to 17403.75 cm³, or 17.9 in x 8.9 in x 6.7 in≈1062.04 in³). It was manufactured by the Mitsubishi Materials Corporation, a subsidiary of Mitsubishi. It went on display at the Toi Gold Mine on July 11, 2005. It was valued in 2005 at 400 million ven (approximately $3,684,000 USD at the time), though at current 2011 gold prices it is worth approximately $15.3 million USD (value calculated is for gold weight alone @ $1,900/troy ounce, not accounting for the premium associated with being the world's largest gold bar).

Gold, Silver Plummet, U.S. Dollar Hits 7-Month High

2011-09-25T22:46:00.000-07:00

Gold and silver futures plummeted Thursday as the U.S. dollar surged higher on heightened fears over a global recession and the sovereign debt crisis in Europe.

COMEX gold for December 2011 delivery settled lower by $74.20, or 4.1%, at $1734.10 per ounce. December silver futures sunk $3.66, or 9.1%, to $36.81 per ounce.

The euro currency slid 1.0% to 1.3443 against the dollar, which helped propel the U.S. Dollar Index (DXY) higher by 1.0% to 78.434. The DXY reached an intra-day high of 78.80 earlier today, its highest level since late February of this year.

Greg Anderson, a senior currency strategist at Citigroup , commented that “The market intended to freak about the world being a scary place but was holding off to see if the Fed had some miracle, and it doesn’t, so therefore it’s time to re-price everything. In a panic, people are always buying dollars because they are looking for cash.”

What Price Can I Expect to be Paid?

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So, you are planning to sell your gold for some quick cash. Here are the things you need to know in order to determine just how much you can expect to be paid out of your gold.

1. Determine the karat value of your gold (i.e. 10k, 14k, or 22k). There is an inscription somewhere on the piece that tells you the karat value of the piece. A gold chain stamped with “375″ would be 37.5% precious metal, or 9K. If you are uncertain about all these, then have the gold tested by a reputable dealer.

2. Determine the gram weight of your piece using a gram scale. If you use ounce, convert to grams by multiplying by 28.35. Example: 2 oz. is equal to 56.7 grams.

3. Determine today’s price of gold per troy ounce. A troy ounce equals 31.1 grams.

4. Divide gold price by 31.1 to get the gold price per gram. If price of gold per ounce is $900, then $900 / 31.1 = $28.94, the gold price per gram.

5. Compute for purity of gold by dividing the karat amount by 24. If you have a 10k gold, then you divide that by 24. So, 10 / 24 = 0.4167.

6. Compute for the gold price per gram again by multiplying $28.94 by 0.4167 and yield the result of $12.06, the actual gold price per gram.

7. Then, multiply the gold price per gram by the weight in grams. If you have 5 grams of 10k gold and you calculated the price at $12.06 per gram, then gold is worth 5 x $12.06 = $60.3.

Global Stock Markets, Precious Metals, Fall after Federal Action

2011-09-25T22:44:00.001-07:00

Rather than reassuring investors, the Fed’s actions and comments yesterday led to a massive selloff in the global equity markets today. As investors fled to the dollar and treasuries, investors also liquidated precious metals to help cover losses. gold is down more than $40 as of 9:15 a.m. PST. While the Fed’s new “twist” program was expected, investors were surprised by the central bank’s announcement of "significant downside risk to the economic outlook.". (Gold Slides as Dollar Gains in Wake of Fed” MarketWatch, September 22, 2011)

Investor sentiment was further affected by the latest U.S. jobless report which was worse than expected. There is also little confidence that “Operation Twist” will help the faltering U.S. economy. "These measures can't make the economy worse, but neither, we think, will they make things much better," said High Frequency Economics chief U.S. economist Ian Shepherdson in a note to client

Gold Coins

2011-09-25T22:43:00.002-07:00

Numismatic Gold Coins
Refers to coins whose value is principally based upon such factors as condition, grade, scarcity and demand, rather than their precious metals content.

Semi-Numismatic Gold Coins
Contain precious metals that generally move up and down with the spot price of the precious metals but also contain additional value above their precious metal content.

Gold Bullion
Value is principally based upon its precious metal content plus the cost of fabrication

Silver Coins

2011-09-25T22:43:00.000-07:00

The United States first began minting silver dollars in 1792 and continues to produce silver coins with a face value of $1 today (the Silver American Eagle). The silver half-dollar was first coined two years later in 1794 although it would not be until 1916 that the U.S. Mint produced what is widely considered America's most beautiful silver coin, the Walking Liberty Half-Dollar.

Numismatic Silver Coins
Refers to coins whose value is principally based upon such factors as condition, grade, scarcity and demand, rather than their precious metals content.

Semi-Numismatic Silver Coins
Contain precious metals that generally move up and down with the spot price of the precious metals but also contain additional value above their precious metal content.

Silver Bullion
Value is principally based upon its precious metal content plus the cost of fabrication.