Independent metal price education and research How prices and calculations work

Guides and calculators for physical metals

Understand a metal price before you buy or sell.

Check what a quoted number means, calculate contained-metal value, and compare a real offer without confusing spot, melt, scrap and retail prices.

Gold, silver, copper, platinum and palladium

Each metal uses different quote conventions

Precious metals are commonly quoted per troy ounce. Copper is commonly discussed per pound or metric tonne. The distinction matters.

Gold

Karat, fineness, troy weight, melt value and the difference between a benchmark and a buyer's offer.

Explore gold →

Silver

Sterling, coin silver, bullion, flatware and the premiums or deductions that change a sale price.

Explore silver →

Copper

Exchange benchmarks, pounds versus tonnes, cathode and the practical economics of scrap grades.

Explore copper →

Platinum

Investment bars, jewelry fineness and why a smaller retail market can create wider spreads.

Explore platinum →

Palladium

Industrial demand, jewelry purity and the care needed when estimating recoverable metal value.

Explore palladium →

From market price to item value

A market price is only one part of an item's value

A useful valuation separates the market reference from the material inside an item and the costs of completing a real transaction.

Reference price

Identify the instrument, source, currency, unit, timestamp and whether the number is bid, ask, midpoint, fixing or futures.

Contained metal

Convert gross weight into fine-metal weight using karat, fineness, assay or a defensible recovery estimate.

Melt or benchmark value

Multiply fine-metal quantity by the comparable unit price while preserving the calculation so it can be checked.

Real transaction

Account for premiums, refining, contamination, testing, shipping, inventory risk, dealer margin and collectible value.

Metal value calculators

Calculate from a price you trust

Each calculator accepts the published reference price you choose and shows its formula instead of hiding assumptions behind a single result.

Calculator

Gold value calculator

Model 9K through 24K gold, multiple weight units and a buyer payout percentage.

Calculate gold value →
Calculator

Silver melt calculator

Calculate fine, sterling, Britannia, coin and custom-purity silver values.

Calculate silver value →
Converter

Precious-metal weights

Convert grams, kilograms, troy ounces, ordinary ounces, pennyweights, grains and pounds.

Convert a weight →

Market history and scenarios

Research on how metals are priced and traded

Featured cited papers trace how weights, assay, coinage, central banks, mints, merchant networks, refineries and exchanges made metals saleable—then test clearly labeled future scenarios.

13,085 words

The history of precious-metals trading

Gold, silver, platinum and palladium from weighed metal to bullion coins, funds and digital claims.

Read the research →
15,148 words

The history of gold trading

How gold was weighed, tested, coined, benchmarked, financialized, recycled and sold.

Read the research →
11,755 words

Central banks and precious metals

How coin reserves, standards, Bretton Woods, official sales, custody and modern gold buying changed from 1609 to 2026.

Read the institutional history →
13,068 words · Scenario study

Central-bank gold reserves, 2026–2051

Three conditional tonnage paths for diversification, custody, sanctions, collateral and tokenized settlement—not an official projection.

Explore the reserve scenarios →
11,806 words

The history of selling silver

Five thousand years of scales, coinage, hallmarks, global trade, industry and modern markets.

Read the research →
12,725 words

The history of selling copper

From Bronze Age ingots to merchant finance, exchange warrants, cathode contracts and graded scrap.

Read the research →
12,824 words

The history of selling platinum

How an unusual white metal was made credible enough to trade, price, recover and recycle.

Read the research →
19,545 words

The history of palladium trading

From an anonymous launch to industrial supply, autocatalysts, bullion and circular markets.

Read the research →

Before comparing prices

Record the source, unit, currency and time

A number labeled only “metal price” is incomplete. Before using one, identify what is priced, where, in which unit and currency, at what time, from which source, and whether that value is actually available to a retail seller.

Find reference-price sources