Observing trends and prices
The value of gold has been steadily rising throughout its history, but in the daily analyses, there is a rise and fall in the prices, and hence it is important to know the spot price of gold. This will help you to calculate how much is one ounce of gold worth. The daily prices are available on a live and up-to-the-minute basis. The currencies of updates are provided, and by observing this, you can select the right time to sell or buy gold.
Why you should buy Gold
It makes sense to buy gold in these days of financial turmoil as the currency of many countries is becoming weak. It is also true, that the US dollar is technically very weak and should fall in value, but as other nations are reluctant to allow their currencies to appreciate, it is being falsely buoyed up. This will make the value of gold rise considerable, as the most stable form of investment. If you buy gold in US dollars, and the value of the dollar declines, then the price of gold will rise.
During times of recession, this kind of investment can prove a real boon. You can even sell your gold for a profit by knowing how much is one ounce of gold worth. You can buy and sell gold in the form of coins and bars, or in the form of gold futures by speculating in the stock market.
In case of selling your physical gold, you need to know how much is one ounce of gold worth on that day. Even knowing this, the price offered may not be the same everywhere. The buyers will usually check out the authenticity of your coins, as sometimes it is very difficult to decipher the markings. The price offered can vary as there may be hidden charges. You need to compare the prices offered at various sites. It is important to check out the current prices in order to assess how much is an ounce of gold worth. The daily market rate depends on the supply and demand factors.
Go to a reputable website and you can even sell gold through online auctions at popular websites. In case you are considering buying gold, you need to check out the prices in this case too, as the prices fluctuate very rapidly. You will have to pay a premium on coins or bars, which is additional to the value of the gold you are buying. Hence, the price that you pay will be more than the spot price.