Precious Metal Purchase Power Calculator Info
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The Precious Metal Purchase Power Calculator provides functions to tell you how much precious metal you can buy based on the amount of money you want to invest, the current market spot price and a reasonable retailers markup.
| Bullion SPOT PRICES | |||
| Metal | ($/gram) | ($/troy_oz) | |
| Gold | $100.558 | $3127.7 | |
| Platinum | $31.508 | $980.01 | |
| Palladium | $31.122 | $968.0 | |
| Silver | $1.085 | $33.75 | |
| =========================================== | |||
| Bitcoin (฿):$84368.09 USD | |||
The functions are:
- How much Gold can I buy?
- How much Silver can I buy?
- How much Platinum can I buy?
- How much Palladium can I buy?
- Bitcoin to Bullion: Computes amount of precious metals that can be bought with an amount of Bitcoin taking into account the current values of the metals and Bitcoin (฿) and an exchange fee .
The Math / Science
Precious metals can be purchased as an investment. The price fluctuates constantly. This is called the spot price, the price of the bullion at a given moment. To compute the amount (weight) of a metal you can buy, the formula is:
WT = INV/(DPO + MKU)
where:
- WT = weight of precious metals
- INV = Dollars invested
- DPO = Dollars per Ounce (Troy Ounce)
- MKU = Retailers Percent Markup
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