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 [...]

We often hear that gold is a “safe haven” investment in times of crisis, and yet in the recent crisis in Japan the price of gold dropped sharply, along with every other type of investment and most of the world’s currencies aside from the Yen and the US dollar. So is gold really a safe [...]

If you have ever tried to sell a gold bar or coin on eBay, you know that the listing fees and final valuation fees make it all but impossible to make any money yourself. In response, GoldSmart has established The GoldSmart Exchange at www.GoldSmartX.com as a peer-to-peer auction site with no listing fees and no [...]

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

Aside from something pirates were always fighting over in old movies, “bullion” actually has a very exact definition. To be useful as a trading commodity, gold has to meet certain criteria.  These can be summarized as: Form: typically a bar or coin Purity Weight Good Value FORM: Bullion occurs commonly as bars or coins.  Bars [...]

The first confusion with this term is that it sounds like “karat” and in some places the spelling is even used interchangeably!  Carat it is a unit of weight used to measure how much a diamond weighs.  Karat is a measure of purity that applies to gold.  There is a separate article on Karat Gold. [...]

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 [...]