is 22kt refine gold worth say 10% less than 24 kt? would it be wise to sit on 25 kilo of 22ky refine gold or invest elsewhere?
2007-01-30 02:33:53 · 4 answers · asked by altec63 2 in Business & Finance ➔ Investing
22 kt is 91.66% gold, so the value per ounce would be about 91.66% of that of 24 kt gold. 25 kilos is a LOT gold. No I would not "sit" on 25 kilos. Too much risk unless I had about $10,000,000 in other assets. You are talking almost $400,000 worth of gold. If and when the economy goes into a tail spin, that $400,000 could turn into $200,000. Of course Bush it doing his dead level best to turn it into 1.2 million. He may succeed.
2007-01-30 02:54:08 · answer #1 · answered by Anonymous · 1⤊ 0⤋
definite it somewhat is. distinctly while you will get it under $1K. A gold ETF is the least perplexing thank you to take a place. neglect a majority of those quickly money predictions. except you somewhat understand what you're doing it would desire to be suitable to purchase a share of gold as component of a diverse portfolio as an prolonged-time era investment then you do no longer might desire to be concerned approximately short-time era value fluctuations between $800-$1000. once you clean out volatility, it somewhat is in simple terms value consolidation previously the commodity flow up larger. On a quarterly chart gold has been on an prolonged-time era form considering the fact that mid 2001. some people say gold is going up for the time of a recession, others say it is going as much as hedge against inflation. So it could bypass up the two way. I have not have been given any concept what the feds determination will do to gold costs. i assume it's going to make financial shares bypass larger.
2016-12-17 05:48:03 · answer #2 · answered by ? 3 · 0⤊ 0⤋
The world trades in 99.99 gold That is considered 24 Karats
22 Karat gold is an alloy and won't trade exactly with real gold, because a buyer would probably want an assay done on your gold before it would be bought..that is not cheap.
The investment community buys/sells 24K gold coins like
Maple Leaf, or others, and they buy/sell bars refined by Special Known refiners Like Johnson Mathey
Stay way from buying unpure gold
2007-01-30 03:27:45 · answer #3 · answered by bob shark 7 · 0⤊ 0⤋
just hold it, will go over $1000
2007-01-30 03:22:59 · answer #4 · answered by JOE 2 · 0⤊ 0⤋