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The more gold and silver that is sold, the more the price goes up. One reason why gold and silver prices have been going up in recent months is that investors see precious metals as a 'safe haven' while the economy is not doing well. That means that a lot of people who had their money in stocks or real estate took their money out and invested it in gold and silver.
Also, precious metals keep their value pretty well when there is high inflation.
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Is gold price elastic or inelastic?
when gold is relatively cheap, people will buy lots of gold jewellery, when the price of gold goes up, people switch to silver jewellery...sowhen the price goes up, less people will want to buy - cause the demand is "sensitive" to the price...so demand is ELASTIC...
Will silver coin prices go up?
Spot Silver price now is $17.70 by the time you read this it may be up 10 cents or down 10 cents, it moves a lot. Do yes it will go up.
Should gold price go up or down?
Increasing gold prices can lead to inflation. Falling gold prices tend to improve investment.
Will your 1923 and 1925 silver dollars go up in value?
It's possible, and likely. The value of 1920s silver dollars is directly related to the market price of silver.
What is value of ten ounce silver bar?
Some bullion merchants will rely on a 'fix' price (i.e. set once a day (twice, for gold) by the London Bullion Market Association), while others rely on a constantly-varying 'spot' price. Of course, in order to make a living, merchants have to buy at slightly less than the official price (if you are offered less than 95% of the actual price, go elsewhere) and sell at more than the official price (about 110-120% of the price is standard; in some countries such as the UK there is additionally a 17.5% tax on silver which is not payable on gold, hence expect to pay up to 140% of the official price). The latest 'fix' price for an ounce of silver (and gold) can be found here : http://www.lbma.org.uk/statistics_current.htm The latest 'spot' price can be found here : http://www.taxfreegold.co.uk/silverpricessterling.html http://www.taxfreegold.co.uk/silverpricesusdollars.html Graphs of silver and gold prices can be found at : http://www.kitcosilver.com/charts.html http://www.kitco.com/charts/livegold.html
Is the gold price will go up?
Yes it will go five times up
Is it worth cashing in on your old sterling silver flatware due to the price of silver?
In my opinion it is because you'll get a good price fore it right now, I had roughly 100grams of it and I walked out of the gold and silver store with roughly $400 it was way more then expected. Your best bet is to go and see their offer, if you like it take it, if not then the price is only going to go up
Is gold price elastic or inelastic?
when gold is relatively cheap, people will buy lots of gold jewellery, when the price of gold goes up, people switch to silver jewellery...sowhen the price goes up, less people will want to buy - cause the demand is "sensitive" to the price...so demand is ELASTIC...
Which coins go up the quickest in value?
Gold and silver coins
What is the price per ounce of gold and silver?
As this changes on the markets from day to day, there is no point in providing a fixed answer here because it will be wrong tomorrow. You need to look up today's silver and gold market spot price for the country in which you live.
Will silver price go up in 2014?
It is very difficult to determine if silver will go up in 2014, but all present indicators point to a significant increase.
What is the value of the gold and silver bullion?
The price of gold and silver bullion completely depends on the spot price and the mark up the dealer puts on the bullion. The best way to get an accurate estimate is to call or email the dealer. The company that I do all of my buying and selling is Dallas Gold & Silver Exchange. Their website is http://www.dgse.com. Hope this Helps!!
How much is the saint Christopher be your guide medal worth?
Religious medals vary in price depending on the metal content and the weight. Fine jewelry Saint Christopher medals made of solid 14 karat yellow gold can range in price from $60.00 to $750.00. Sterling silver Saint Christopher medals can range in price from $50.00 to $100.00. As gold and silver prices go up, the value of the medal will go up also. Precious metal is measured in DWT. The more DWT weight, the more the medal is worth.
Will silver coin prices go up?
Spot Silver price now is $17.70 by the time you read this it may be up 10 cents or down 10 cents, it moves a lot. Do yes it will go up.
How much does white gold sell for?
It sells for exactly the same price as yellow gold. DO NOT let anyone try to tell you differently. You can see what one of the more reputable buyers is currently paying for various types of gold (14k, 10k, etc) by looking it up on the live price chart at the Silver and Gold Exchange. Just Google "Silver and Gold Exchange" and you'll find them. Good Luck!
Should gold price go up or down?
Increasing gold prices can lead to inflation. Falling gold prices tend to improve investment.
Will your 1923 and 1925 silver dollars go up in value?
It's possible, and likely. The value of 1920s silver dollars is directly related to the market price of silver.
