It would cost you $100 to buy $100 worth of gold. It will only be worth more than that when the gold goes up in price. If it goes down, then you lose some.
Gold prices change every day. That is one reason for buying gold. You that the price will go up making it worth more.
Being the weekend, the local gold exchange is closed. The last price I found from last Friday was $1,302.00 for one ounce of gold. So $100 would buy you less then 1/10 of an ounce of gold.
The fees to purchase the gold would probably cost you as much as the gold itself.
Answers & Comments
$100.
About 2 grams
It would cost you $100 to buy $100 worth of gold. It will only be worth more than that when the gold goes up in price. If it goes down, then you lose some.
a small fraction of an ounce
1/10th of an ounce.
1/10 of an ounce
Current Gold Price Per Ounce $1,302.00. So, $100.00 would be a fraction of an ounce.
100 dollars worth of gold
Gold prices change every day. That is one reason for buying gold. You that the price will go up making it worth more.
Being the weekend, the local gold exchange is closed. The last price I found from last Friday was $1,302.00 for one ounce of gold. So $100 would buy you less then 1/10 of an ounce of gold.
The fees to purchase the gold would probably cost you as much as the gold itself.
Not much.