Calculate Your Investment With This Simple 14k Gold Calculator
Alex Long- Gold and other precious metals offer investors a hedge against market uncertainty.
- Gold and other precious metals are valued for their rarity and usefulness.
- Gold is useful in a number of industrial applications and as jewelry.
Investing in precious metals has proven very lucrative for investors over the past several years, and the price of gold has continued to climb. With no obvious signs of a reversal of this trend, investing in gold and other precious metals continues to be a wise move.
What Is a 14k Gold Calculator?
Gold jewelry is marked with a stamp that indicates its purity. In the United States, gold jewelry is usually stamped with a number indicating the percentage of pure gold it contains. The number can be 10K, 14K, or 18K, depending on how pure the gold is.
But it's not just gold jewelry that is stamped with purity numbers. Some of the most common items you own may also be stamped with purity numbers. For instance, gold bullion bars are often stamped with purity numbers.
Why Is It Important?
Gold was historically used as an economic indicator. When people were afraid to trade, they would buy gold. When the economy was booming, they would buy gold.
Gold prices have always been volatile.
Gold is one of the most secure investments.
How to Use a 14k Gold Calculator
Step 1: Enter your starting bid price in dollars and cents.
Step 2: Enter your ending bid price in dollars and cents.
Step 3: Enter your total number of ounces.
Step 4: Enter your current price per ounce.
Step 5: Press the 'Calculate' button.
14k Gold Calculator
Updated: October 20, 2020
14k gold is 58.33% pure gold, and accounts for 58% of all the gold used in jewelry. It generally has a Karat weight designation of 14, but is also available in 12K, 10K, 8K, and 6K.
To calculate how much gold you have, multiply your weight (in grams) times 0.2354. If you need to know the weight in ounces, divide your grams weight by 31.1. To calculate how much gold you have, multiply your weight (in grams) times 0.2354. If you need to know the weight in ounces, divide your grams weight by 31.1.
Example of a 14k Gold Calculator
Step 1: Enter the purchase price of the gold.
Step 2: Enter the number of ounces.
Step 3: Enter the current price of gold.
Step 4: Enter the number of days until the next delivery date.
Step 5: Check off delivery option.
Step 6: Calculate.
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The Bottom Line
Gold is a popular precious metal that has long been used as a form of wealth storage. However, unlike silver, gold does not conduct electricity, which makes it less useful as a conductor than silver. Gold is primarily used in jewelry, electronics, and dentistry. Investors often buy gold as a means of diversifying their portfolio.
