Major flaw in gold weight sum on app
If you enter you have 25 gold Eagles for example and back out to the main screen it should show you have 25 ounces of gold. It will instead show you have about 27 ounces of gold
I suspect this is because its adding the total weight of the coin not just the gold content. Thats a MAJOR flaw. Unless its not using Troy ounces when it adds it up. Either way 25x 1 ozt gold Eagles equals 25 ounces of gold not 27 ounces
How can we use this for keeping track of our investments if it comes up with incorrect sums?
If you fix this id rate it as a 3
If you add a graph maybe a 1 year 5 year 10 year or something g it would be a solid 4 or maybe 5....
One suggestion that would make it a SOLID 5 and would give it features no other similar app has would be if it had a sale premium section when you add a billion purchase. For example lets say you buy a silver eagle you can enter the premium price you put, which is good. It would be far better if you could have a sale premium as well.
Many big dealers list their standard buy prices. Example: silver eagle spot plus $1.40 or gold Eagles spot plus $30... If you could enter the sales premium you could much more accurately track the liquidation value
I realize this app is meant to track just straight bullion but if you had silver eagle proofs it would more accurately represent the value. Most places offer spot plus $15 or so for proof silver Eagles. It would be nice if the app would let you enter the sale premium so that you can really track the value
Fixing that bug and making those updates would make this the best app out there. As it is if I want to accurately track the total weight of my investments I have to ignore the very cool drop down menu showing all those varied gold coins and just select a random 1 ounce round. Otherwise the weights get all messed up.
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Gold and Silver Spot Market Vault Calculator