The price of gold per ounce is exploding! Gold bullion has gone up forty-six dollars in the last couple of days alone. Gold is now up eleven percent year-to-date. Gold has also broken above the critical 0 level.
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I'm going to explain the reasoning behind the recent explosive move in gold. I'm also going to explain why I feel that the price of gold per ounce is going to rise even higher in the coming weeks and months.
Let's go back to a couple of weeks ago -
Federal Reserve Chairman Ben Bernanke, along with several other Fed governors began talking tough about inflation.
The financial markets wrongly got the impression that the Fed would begin to raise interest rates, possibly as soon as August. The dollar began to rise in response and gold sold off.
However, it soon became clear, after the most recent Federal Reserve Open Market Committee meeting that all the talk about the importance of a strong dollar and the concern about rising inflation was just that - TALK! In actuality, the Fed is more concerned about the state of the economy than they are about saving the dollar.
As soon as it became clear that the Fed wasn't likely to raise interest rates any time soon, gold began exploding to the upside!
If you think last week's action in the gold market was exciting, just wait. Over the long-term, the price of gold per ounce is going to move even HIGHER.
You see, the Fed is in a bit of a predicament -
If they raise interest rates, the weakened financial system could collapse. If they don't raise rates, the dollar will continue to weaken.
Sadly, the Fed's inability to raise rates will cause everyone to lose. The dollar will continue to fall and the economy will suffer because of higher inflation.
Frequently Asked Questions
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QUESTION:
What is the price per ounce or gram of White gold?
I am doing a project in chemistry and have looked everywhere but cannot seem to find the price of white gold. I do not want the price of jewelry with white gold in it. I would just like to know the price of white gold per ounce or gram. Thanks in advance!-
ANSWER:
It is impossible to give one answer for the price of white gold.White gold is a mixture of gold with either nickel, palladium or platinum. In addtion the mixtures or amounts of these metals to the gold can vary. If platinum is mixed with the gold the price is higher than pure gold. Nickel and palladium result in less expensive mixtures.
On a per carat basis white gold is almost always more expensive than "yellow" gold. Yellow gold in jewelery is usually gold mixed with copper and or zinc.
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QUESTION:
gold prices per ounce?-
ANSWER:
US60 That's a Troy ounce!
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QUESTION:
What is the price of gold per ounce in the US?
I can NOT get a straight answer any where. Everywhere I look, I get stupid websites advertising gold sellers and calculators. Is it possible to get a simple answer on what the price of gold per ounce is?-
ANSWER:
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QUESTION:
Where can I find the historic prices of gold (per ounce) in the United States going back to 1800? ?-
ANSWER:
Use this URL and you'll find a list of exactly what you're looking for.http://www.finfacts.ie/Private/curency/goldmarketprice.htm
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QUESTION:
What do you think the Gold price per ounce will be in January 2012?-
ANSWER:
All the gold gurus are predicting $ 2000+ gold ...the governments worldwide are printing more paper money which increases the value of gold. I invest in gold monthly buying it by the gram which makes it affordable for most people.You may want to look into it at http://www.det.goldfromkb.com
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QUESTION:
Price for Gold Coins over the Price per Ounce of Gold?
OK, the most common Gold Coin is the one Ounce Krugerrand, right?So how much should I pay for a one Ounce Kruggerand over the price of gold?
And where can you buy Krugerrands at that price?
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ANSWER:
I would love to find someone charging /oz premium. Ted, pls send me details.Each coin type varies abit, since the actual content of gold varies a bit. It used to be (for years) that dealers bought at spot, sold at 4% over spot. RIght now the honest ones buy at 2-5% over spot, sell at 7-9% over spot.
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QUESTION:
what is the present price of gold per ounce and per gramme in nigeria?
the price of gold in nigeria per ounce and per gramme,present price in 2008-
ANSWER:
here's a website with real time gold price, silver price and etc.
but it's in USD,
hope it will be helpful to youhttp://www.resourcefortunes.com/market.htm
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QUESTION:
What is the price of gold per ounce right now in US dollars?
if you can include a url address that would be lovely.-
ANSWER:
At this moment, 68.90
You can find the current quote here:
http://www.kitco.com/market/
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QUESTION:
How much was the average price of gold per ounce in the past ten years?
- thanks-
ANSWER:
Here is a link to a gold price chart. You can change the time period for which it shows the corresponding gold price. It isn't going to give you an average like you asked for but it will show you how gold prices have changed during the past x number of years.
You change the time period under the tab labeled "period"http://www.ronpaul.com/misc/gold-price-chart/
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QUESTION:
How do I find the price of gold per ounce today, it recently was near 1000.00 per ounce?-
ANSWER:
Heres a site thats shows you what gold is doing,as well as other metals.http://www.onlygold.com/TutorialPages/PricesY2KFS.asp
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QUESTION:
what is the gold price per ounce today please?-
ANSWER:
£1000
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QUESTION:
Gold prices different in other countries?
Why is gold 3% cheaper (at retail prices) in Saudi Arabia than the rest of the worlds market prices? The other day i was comparing the price and Gold per ounce in Saudi Arabia was 854 per ounce, and in the USA it was 883 per ounce. How can Arabia do this? Surely they are buying their gold on the world market too, right?-
ANSWER:
The global price for gold is fairly constant but if a country wants to "get more" or "get ride of more" they will post a different price so that global buyers can easily manipulate the market.
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QUESTION:
What was the price of gold per ounce when it was discovered in Georgia?-
ANSWER:
per oz. The average wage earner only made .00 a week.
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QUESTION:
Gold Price per Ounce Record?
whether the price of gold will continue to grow if it is worth buying-
ANSWER:
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QUESTION:
current gold price per ounce?
I would also would like to know how the karat system works, reason my jewry im cashing is 14 and 10 karat most is 10 kt what is wroth more?-
ANSWER:
karats of gold are a measure of the purity.24 kt gold is the purest - but never used as jewellery because it is very soft.
14kt is worth more than 10 kt
18kt is the highest you will likely see with commercial jewellery - it is worth more than 14 kt and 10 kt.I believe gold is WAY overpriced right now - so to sell now is a good idea in my mind.
Whenever you see people telling EVERYONE that it is a GREAT time to BUY something for investment purposes - it is too late to benefit from this knowledge.
If EVERYONE is doing it - who could possibly benefit? Think about it.
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QUESTION:
What date did gold prices change from the official price of 35 dollars per ounce and become legal to buy?-
ANSWER:
Actually, I found out that it was later. You learn something new everyday."In 1975 all restrictions on the right of American citizens to own gold were abolished."
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QUESTION:
what is the price of gold per ounce?
or compare it to a gold chain or something. 24 carat.-
ANSWER:
Gold prices vary constantly.You can check them here:
http://www.kitco.com/
As I write this, spot bid price is 4.80US / troy ounce.
Gold prices are always for 24K, unless otherwise specified, and are expressed in $US / troy ounce. There are approximately 31.1 grams in a troy ounce.
Grandpa
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QUESTION:
What is the current price of gold per ounce?-
ANSWER:
The price changes so drastically from hour to hour but the average price for today is about 2.00 an ounce. On January 3, 2008 a new record of 5.35 was set.
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QUESTION:
What is a good website to find the price of gold per ounce?-
ANSWER:
.http://www.apmex.com/?utm_source=yahoo&utm_medium=cpc&utm_campaign=Brand+yahoo&utm_term=american%20precious%20metal%20exchange%20ok
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QUESTION:
what is the price of gold per ounce? Selling my own gold?
I am trying to sell some of my gold. I would like to know how much 3 oz of gold would bring me. I don't want anyone lying to me so I figured I would ask here first. Thanks-
ANSWER:
As of yesterday, the price of gold was 2.50/oz. Of course, no dealer will actually pay this price at the retail level, but it at least establishes the approximate range to be expected.
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QUESTION:
What is the present price for gold per ounce?
18kt and 14kt italian yellow gold-
ANSWER:
As of 8/09/10 it is 01 per ounce. For 18kt it would be about 1 and for 14kt 0. However, if this is jewelry, don't expect to get that much for it. If someone buys it for resale or its melt value, you will get much less for it. You can find many dealers out there, both on the local and national level. So shop around to get the best price.
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QUESTION:
What is the price of gold per ounce to date?-
ANSWER:
4.30 per troy ounce as I am typing this.
You can find current gold and silver quotes at the web site below:
http://www.kitco.com/market/
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QUESTION:
What are the prices of gold, silver and platinum per ounce currently?-
ANSWER:
The latest prices are (all in $/ounce)
GOLD 10/22/2008 05:07 756.60
SILVER 10/22/2008 05:07 9.85
PLATINUM 10/22/2008 04:46 848.00You can get them here: http://www.kitco.com/market/
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QUESTION:
What's the price of scrap gold per ounce US dollars?
I have some scrap gold to sell and I don't want to be ripped off.-
ANSWER:
Typically you will be able to sell scrap gold for a spot price... not the actual price it's trading for on the market (gold price is for future commodities)You can use this tool for estimates:
http://www.goldintomoney.com/calculator
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QUESTION:
What's the price of gold per ounce today?
And if you could also tell me the price of Silver and Platinum, that would be appreciated.-
ANSWER:
You can find current quotes for all three here:
http://www.kitco.com/market/
At this moment (15 April 2011):
Silver .05 per troy ounce
Gold 86.40 per troy ounce
Platinum 89.00 per troy ounce
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QUESTION:
What's the price per ounce of Gold in USD?
like my older questions, this is concerning my coin. it is an old roman coin. i am pretty sure it is Gold, but it could also be tarnished silver. i want to know what it is worth. can someone tell me an estimate for gold and/or silver per ounce in u s dollars? (the weight is exactly 1 ounce)-
ANSWER:
gold = ,400
silver =
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QUESTION:
what is the current price per ounce of gold, silver, platinum, and rhodium?
Look up the current price per ounce of gold, silver, platinum, and rhodium. List an industrial (i.e. non jewelry) use for each element.-
ANSWER:
http://www.metalprices.com/
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QUESTION:
What is the price per ounce of 14 K Gold?
I am looking to sell some gold jewlery and am trying to find out what the price is per ounce-
ANSWER:
24 karat gold is pure gold. 14 karat is 58 % gold. So 58% of the spot price should be reasonable
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QUESTION:
When you hear about the price of gold per ounce what karat is being refered to...10k, 14k, 20,22,24,etc?
Does karat effect the price of gold? When you hear the price of gold is say 2 a troy ounce..what carrat does that refer to?-
ANSWER:
24 is 100% gold. Everything else is a fraction of 24 (i.e. 14/24 = 58%). Its mixed with other metals to give it strength (and size)
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QUESTION:
price of gold per ounce?
Just wanted to know what is the price of gold is now per ounce-
ANSWER:
At this moment, 91.50 per troy ounce.
You can find the current quote here:
http://www.kitco.com/market/
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QUESTION:
Spot Silver and Gold prices are quoted "per ounce." Is that a troy ounce (31 grams) or a standard ounce (28.5-
ANSWER:
Its a troy ounce
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QUESTION:
What carat of gold is the price per ounce based upon?-
ANSWER:
24 carat or .999 pure gold. An ounce of gold has an ounce of gold in it.
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QUESTION:
What Is The Price Of Gold Per Ounce ?
And Has The Price Of Gold Peaked Or Do You Think It Will Go Higher
Thank You-
ANSWER:
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QUESTION:
The price of gold was 0 per ounce on December 31, and has dropped 20% since that time.?
What is the price per ounce now?
A: 0
B: 0
C: 0
D:0
E:-
ANSWER:
0
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QUESTION:
What is the price of gold per ounce?-
ANSWER:
At this moment, 9.70.
You can find up-to-date gold prices at this web site:
http://www.kitco.com/market/
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QUESTION:
What is the price per ounce on 14KT and 10KT gold?
I have been hearing that this is the best time to sell gold since it is currently at appox. 1k.-
ANSWER:
Depends where you sell it. If you sell it to an refiner that will take your gold and give you cash for it, you can use this calculator.http://www.goldintomoney.com/calculator
The trick with online refiners is having more than 10 oz... you can pretty much triple the amount of cash they send you
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QUESTION:
At todays prices of gold 1000.00 per ounce how much did China pay for two metric tons of gold this week?-
ANSWER:
A shiiteload.
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QUESTION:
What was the price per ounce on gold on 9/11/07?-
ANSWER:
4.15
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QUESTION:
Where would I find a websites for the value of some gold coins? And the current price of gold per ounce?
thanks-
ANSWER:
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QUESTION:
What is the price per ounce of gold?-
ANSWER:
As of close of business 23 July 2009, gold is at 8.00 per troy ounce.
Use this web site for current gold quotes:
http://www.kitco.com/market/
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QUESTION:
what is the present price of gold per ounce?-
ANSWER:
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QUESTION:
does anyone know the price of gold per ounce?-
ANSWER:
it changes daily so you can try the free site http://scrapmetalpricesandauctions.com/precious-metals/
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QUESTION:
what is the price of gold per ounce as of 10/1/09?-
ANSWER:
As of today, 17:14 EDT, the bid is 999.90, asking 1000.90. Approximately 1000 per ounce.
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QUESTION:
Is the price of gold jewelry different than the price of gold bars?
I called a local gold buyer and he told me that the price per ounce for gold jewelry differs from the price per ounce for gold bars. I thought that it didn't really matter. I have pure 24 karat gold items and I thought I could get at least 00 per ounce, the official price for gold per ounce. Is this wrong? Any advice would be appreciated. Thanks-
ANSWER:
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QUESTION:
what is the current price per ounce of gold?-
ANSWER:
Go to The Bullion desk for the price of gold, silver, platinum or palladium, in US dollars, updated once a minute, any time any market in the world is open:http://www.thebulliondesk.com/
It's a free site, no registration or login necessary.
Please vote: Did this help?
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QUESTION:
what is the current price of gold per ounce in the usa..?-
ANSWER:
The price of gold is constantly changing, but the two web site below list ongoing prices.
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QUESTION:
what is the price of gold per ounce in us?-
ANSWER:
It's currently ,226.98 but it changes constantly. Check the site below for a more current price when you need it or just find your own site you like.
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QUESTION:
whats the price of gold per ounce?-
ANSWER:
At this moment, 52.80
Use this web site for current gold and silver quotes:
http://www.kitco.com/market/
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QUESTION:
Price of gold per ounce November 2010?
Any predictions? Have some investing to do-
ANSWER:
You want to be looking at he VALUE of gold, not the price. Unless, of course, this is a short term investment? If that's the case, you'd likely get far better returns off stock from a mining company.This is my own prediction, of course, so take it as just that...
After the November 2-3 meeting of the Federal Reserve, I expect them to release a boatload of currency into the system, falsely inflating the economy, and driving the price of gold upward. In fact, I believe this general upward trend will continue for quite some time. That being said, I expect silver to have betters gains, and so my money is going there.
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QUESTION:
How much per gram or ounce do gold buyers pay for old gold?
I know the price of gold is over 00.00 per ounce right now, but I'm wondering what jewelers and pawn brokers pay for your unwanted old gold. Has anyone sold their old gold and know exactly what they were paid per ounce or gram?-
ANSWER:
The quoted price of gold (,100 plus per ounce) is for pure gold (24 carats). Most reputed jewellers will pay you the current market price for the pure gold portion of the jewellery. However, since most jewellery in North America is made from lower quality gold (often 18 carats or less), you will get less than ,100/ounce. As for pawn brokers, they may pay whatever they can get away with. I would advise you to talk to more than one jeweller before selling your jewellery.
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