Rare Coins † Currency † Commodities † Bullion
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Keep in mind some banks may offer a higher rate if exchanging via travelers checks. The only downfall is that there's usually a fee of about 3% to convert your money into a travelers check. Just run the numbers to see what you come up with before taking this route.
Gold Karat Purity Graph
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I've finally found a good method to tracking the gold and silver prices:
http://www.goldprice.org/spot-gold.html here's another great one http://www.kitco.com/charts/livesilver.html silver should eventually hit $187 an ounce gold should hit $5000/6000 ounce, and can be used to hedge against upcomming dollar crisis. |
What's the difference between a normal ounce and a troy ounce?
Only buy precious metals in Troy ounces That is the standard It is slightly more than a regular ounce |
1 gram = 0.0321507466 troy ounces
1 gram = 0.0352739619 ounces 10 grams = 0.352 ounces 100 grams = 3.527 ounces 1 pound = 14.5833333 troy ounce |
1 troy ounce = 31.1034768 grams
1 ounce = 28.3495231 grams you need about 31 grams of silver to make one troy ounce or 28 grams to make one ounce. there are more grams in a troy ounce, and a troy ounce is the standard |
Silver
Hedge with the 99.99% pure Canadian Silver Maple Leaf and the one ounce 99.93% pure American Silver Eagle
.999 sealed 1 troy ounce silver bullion Minted as fine silver. Not clad. Avoid 1/2 troy ounce. Grams are too small to concern with unless it's gold. |
12/28 $27.34 oz (high) standard rate
12/29 auctions are closing for even $33.50+ $3sh = $36.50 |