GoldSmart Network ™

A glance at the USD gold price chart for the last few days would leave you thinking that the price of gold has fallen off a cliff.  As recently as September 16, Friday of last week, the USD gold price was in the $1794.00 per troy ounce range.  Today it opened around $1739.00, a drop [...]

This morning we have a gold spot price in the $1865.00 USD per troy ounce range and platinum at about $1837.00. We instinctively think of platinum as being worth more than gold, yet here we have an inversion of that paradigm. In fact platinum has only been worth less than gold a handful of times [...]

The precious metals market today is volatile and competitive.  A price at 11:00 am is obsolete by 11:05.  How are people to judge if a quoted price is fair? Consumers have learned that it’s smart to convert old jewellery to cash and use it for something productive.  The challenge today is for consumers to choose [...]

Crime as old as time.  In the news today we hear of 75-100 oz gold bars which were purchased using a fraudulent bank draft for about 1.9Million. The purchase price in itself seems a little fishy since the price for gold today hit $1,440/ troy ounce, the seller sold these bars in mid Feb. for [...]

What a loaded question!  We often say if we knew the answer to that we wouldn’t need to work!  Gold markets are one more element of this interesting metal that keep the people at GoldSmart connected every day. There is a crisis in Egypt, the price goes up.  The US Fed is about to make [...]

London AM and PM Fix

Gold parties are popular. They are a good way for a group of friends to convert old jewellery to cash in a safe and happy environment. But there are concerns: Can I trust the company I choose to do the actual gold buying? Will my friends truly feel comfortable and be treated fairly? Will we [...]

This question comes up frequently, at parties and at online Q&A sites.  The answer is simple: absolutely not.  Karat for karat white gold and yellow gold have exactly the same gold content and therefore exactly the same value. To understand fully it is useful to know what makes white gold white.  To begin, there is [...]

Every day on the TV or radio news, in the newspaper and on the Internet someone is reporting the “gold price” but what does it really mean? Gold is traded 24 hours a day, all around the globe.  Somewhere right now someone is buying and selling gold.  It might be the Chinese Central Bank or [...]

One question we are often asked is: “How will the price I get for my old jewellery compare to the gold price I hear on the evening news?” (See the article on What Gold Prices Mean) The gold market on the news, or on the Internet, is the price used by banks, governments and other [...]