melrudolph


I recently bought my first ounce of gold. Where in yahoo finance do I look at how my investment is doing?

4 Responses to “How do you check on gold investments?”

1. squeezie_1999 on January 16th, 2009 2:49 pm

   The daily price of gold is available in Yahoo finance and in most newspapers. But if you have small amounts (less that 100 oz) of bullion, remember that you probably paid 10% or more over spot price for it, and you’ll get 10 – 20% under spot when you sell it to a dealer… So until gold is up more that 30%, you’ve got a loss. Gold makes sense, if you believe in it, for the long, long run. Put it in your safe deposit box and think about selling it 10 years from now, if the market is up then. Until then, forget it.

2. hahagoodguy on January 17th, 2009 12:55 am

   Gold price (spot, futures) are everywhere. Search online and you’ll find in no time.

   Do you know that gold price at 25 years ago was something like $800 / troy ounce? If you hold it, it could be another 20 years that you’ll see the same price again.

3. Smartass on January 19th, 2009 12:15 am

   Actually its faster to look on Kitco.com for gold prices. Or CNN Money (under Markets, Commodities…)

   Or sites that have their chart embedded in them

4. farfel on January 19th, 2009 11:43 pm

   kitco.com “live charts” is the best place to see the up-to-the-minute price of gold (and silver, platinum, palladium, etc.).

   you’ll see a 24 hour running chart of the spot price, and historical charts of various time periods underneath.

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