GoldCoin Profit Calculator or you can say GoldCoin ROI Calculator is a simple tool to calculate how much profit you would have made if you had invested in GoldCoin (GLD) in past. This helps you measure the return on investment (ROI) of GoldCoin (GLD) .
If you are looking for mining calc check it here: GoldCoin Mining Calculator
This GoldCoin Profit Calculator uses a simple mathematical principal to calculate the ROI of GoldCoin. It fetches the historical GoldCoin price from the database and compares with current GoldCoin Price and calculate the profit or loss made on it.
It does this simple calculation get the amount GoldCoin you would have got by investing x$'s on that day ($x/price of GoldCoin). Now it calculates the current price of that amount in USD (current GoldCoin price * amount of GoldCoin purchased in past). Now the return on investment (ROI) is calculated by dividing amount in USD today by amount invested and multiplying it by 100.
Mathmetical logic behind the same:
$invested_USD = USD invested in past date;
$historical_GLD_price = Price of GLD in past date;
$quantity_GLD = Quantity of GLD in past = $amount invested / $price_on_that_day;
$price_GLD = Current price of GLD;
$USD_today = ($price_GLD * $quantity_GLD) - $invested_USD;
$ROI = ($USD_today/$invested_USD)*100;
And if you want to check future price of GoldCoin you can check it here: GoldCoin Price Prediction. This predictions are based on various algorithms applied on the historical price of the GoldCoin.
If you have any query regarding the above calculator you can comment it in comment box below.
