Wednesday, January 18, 2017

Use a Smartphone App to Quickly Calculate the Value of Gold Jewelry

In a previous article, we discussed how to find the value of gold jewelry the "manual" way, and while it's vitally important that you understand HOW to figure out the value of gold jewelry, doing the calculations by hand is tedious and time consuming.  Besides, there are quicker and more convenient ways to automatically figure out how much your gold is worth.

The most successful gold buyers/sellers understand the HOW TO DO IT, before refining and choosing the best WAYS TO DO IT.  If you aren't yet familiar with how to figure out the value of gold jewelry, I strongly recommend reading the previous topics on Karat Purity/Gold Content and How to Figure Out the Value of Gold Jewelry.

Whether or not you understand the fundamentals of HOW to find the value of gold, one of the BEST WAYS I've found to automatically figure out gold value is by using a free smartphone App.

The App I personally use is called "Gold Silver Calculator Free" and is available on the Google Play Store for Android devices.

There are a few reasons I prefer this App over others.

  • It will calculate values for both gold and silver, in varying degrees of purity
  • You can show a percentage of the current gold (or silver) value, which is extremely useful when buying and selling gold (ex/ Knowing how much you can pay for gold vs. how much a refiner will pay you)
  • The percentage value can be hidden from view
  • It's very easy to use
  • It's free

There are countless other "Gold Value Calculator" type Apps out there for both iPhone and Android markets and I'm not discounting any of them.

The key is to find an App (or program) that works for you.  One that's fast and convenient, and one that provides exactly the information you need when you need it.  Like anything, having the right tools for the job makes a world of difference and making good money buying and selling gold jewelry is no different.

Good luck and have fun!