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What are precious metals worth right now?

What are precious metals worth right now?

Current Gold and Silver Prices

Precious Metal Spot Price Change
Gold $1,859.75 -17.85
Silver $23.44 -0.48
Platinum $1,033.95 -3.70
Palladium $2,277.65 -121.25

Why are precious metal prices falling?

Precious metal prices trended lower in the second half of 2021, reflecting declining investor sentiment and soft physical demand. Gold prices have been relatively more resilient but were weighed down by outflows from gold-backed exchange-traded funds (ETFs) and slowing central bank purchases.

How can I get free precious metals?

You can get precious metal scrap for free for a very simple reason . . .

  1. When people are in a hurry to get rid of stuff, they toss it or give it away.
  2. Always get permission before you pull up a truck and start hauling anything away.
  3. Unofficial Dumps.
  4. Dumpsters.
  5. Garbage Pick-Up Areas Behind Retail Stores.
  6. Town Dumps.

What is the current spot price for gold?

Gold Spot Price

Gold Spot Prices Gold Price Spot Change
Gold Price Per Ounce $1,827.20 ($2.40)
Gold Price Per Gram $58.75 ($0.08)
Gold Price Per Kilo $58,745.80 ($77.16)
Live Metal Spot Prices (24 Hours) Last Updated: 2/8/2022 4:33:58 AM ET

What will gold prices be in 2021?

The World Bank predicts the price of gold to decrease to $1,740/oz in 2021 from an average of $1,775/oz in 2020. In the next 10 years, the gold price is expected to decrease to $1,400/oz by 2030.

How much gold is in a cell phone?

There are 0.034 grams of gold in each cell phone, according to the U.S. Geological Survey. That’s the equivalent of 0.001 troy ounces, worth about $1.82 at today’s prices. There are also 16 grams of copper, worth about 12 cents, 0.35 grams of silver, worth 36 cents, and 0.00034 grams of platinum, valued at 2 cents.

Are there any risks in buying precious metals?

There is also inherent risk in all precious metals procurements due to the nature of said markets. We aim to be the friendliest, most professional 24-hour online bullion dealers with the best bulk prices in New Zealand. If you find a better price on the same product in New Zealand, please let us know and we will try to beat that price.

Who are we at precious metals New Zealand?

We are a family-owned business incorporated in 2000 in Dunedin, New Zealand. We trade in precious metals because we feel these items are the best way to preserve our physical wealth and are as close to “sound money” as can be in this Age of monetary devaluation.

How does the NZD/USD exchange rate affect buying gold?

So when buying precious metals here in New Zealand the “spot price” is first converted to NZ dollars using the prevailing USD/NZD exchange rate and then the premium of say 3.5% for example is added to that. Here’s an article we wrote discussing this topic: Avoid worrying about the NZD/USD exchange rate when buying gold

Is New Zealand’s Gold Merchant profitable?

However, NZ gold merchants must also turn a profit to keep the doors open. The dealer marks up the product higher than the initial purchase price to cover overhead costs and allow for a profit margin.

Posted in Blog