How does investing in gold work?

does the amount per ounce increase per hour,day or week.

Gold is a great investment and hedge against unstable markets/economies like we have had in the recent weeks. Gold prices per ounce are determined by commodity markets.

Typically, as the US dollar loses value or strength, gold increases in value; it has a inverse relationship with US currency.

If you have to ask this kind of advice on Answers... then investing in gold in NOT for you...

Gold is a very low beta investment. The really bad part is, by the time you start seeing the advertisements for the suckers, telling them what a good investment is in gold... the money that is going to be made on it has already BEEN made on it... the advertiesments are for the VERY unsophisticated investors to make them believe they are going to get rich investing in gold.

Talk to a stock broker and get a REAL investment... and leave gold and the metals market to the experts.

Gold is a commodity that is traded on the open market thus the price is ever changing. It really depends on how you invest. If you buy options or futures contracts then yes the price will fluctuate on an ongoing basis every time that the exchange is open but if you buy a gold or precious metals mutual fund it will only change daily because mutual fund have "forward pricing" which means that they only set the share price once a day, which after the close of business.

gold, like oil and wheat are commodities, they're traded daily and prices change hourly.

investing in gold is like anything else, sell and buy whenever you see fit.

I suggest silver if you're convinced of precious metals but want better return (higher risk) and less upfront.

You can check for daily changes of gold price at kitco.com. Investing in gold is a process of buying companies that mine the gold, Gold ETFs, and also the physical gold itself. People who bet on gold tends to believe that the $ will drop...