Adding gold and silver

Gold and silver change value every day. Record the weight once, and the app works out what it’s worth at today’s price every time you open it.

The add-asset screen, where you pick what you’re recording.

Adding

1. Open your portfolio and tap Add Asset.
2. Choose Gold or Silver.
3. For gold, set the Karat.
4. Enter the Weight (grams).
5. Enter the Purchase price per gram — what you actually paid at the time.
6. Add the Purchase date if you remember it. It’s optional.
7. Name it if you want to tell two pieces apart.

Note

Karat makes a large difference to the value. If you’re not sure, the receipt or the hallmark on the piece will tell you.

After you add it

The value updates itself with the market, and you see the gain or loss against what you paid.

Editing and deleting

From the asset screen, Edit Asset if you’ve weighed the piece properly or corrected the purchase price, or Delete Asset if you’ve sold it. Deleting is permanent.

Tips

• Record pieces of different karats separately. Mixing them ruins the maths.
• The purchase price is per gram at the time — if you don’t remember, estimate rather than leaving it at zero.

Common problems

The value is far too high or low — usually the karat is wrong, or the weight was entered for the piece rather than in grams.

I sold part of it — edit the weight; you don’t have to delete the asset.