What precious metals can I track with MyGoldWorth?
MyGoldWorth allows you to track gold, silver, platinum, and palladium. You can record items by metal type, purity (including specific karats for gold), weight, and purchase cost.
How does MyGoldWorth calculate melt value?
Melt value is automatically calculated using live prices for gold, silver, platinum, and palladium. This ensures you always know the current worth of your inventory without manual calculations.
Can I import my existing inventory into MyGoldWorth?
Yes, MyGoldWorth features AI-powered spreadsheet import. It can identify and map columns from your Excel or CSV files for item details, purchase cost, weight, metal, and purity, significantly reducing manual entry.
How does MyGoldWorth help with physical inventory organization?
The app supports QR bins for organizing physical stock. You can create printable QR labels, assign items to bins, and scan codes to quickly view the contents of each bin.
Does MyGoldWorth track where my items are listed?
Yes, you can track where each item is listed and its asking price across multiple marketplaces like eBay, Etsy, Mercari, Poshmark, and Facebook Marketplace. An item can be tracked on several platforms simultaneously.
How does MyGoldWorth calculate profit?
Profit is calculated against the item's cost basis, not just the purchase price versus sale price. It accounts for sale price, marketplace fees, shipping, and other costs to provide a real profit and margin calculation.
What are the built-in calculators in MyGoldWorth?
MyGoldWorth includes four calculators: 'Should I Buy This?' to determine maximum purchase price for target profit, 'Marketplace Calculator' for estimated payouts and fees, 'Buyer Offer Checker' to compare dealer offers to melt value, and a 'Gold Value Calculator'.
Is MyGoldWorth free to use?
Yes, MyGoldWorth is available for free. It also supports in-app purchases, offering additional functionality or content.
