Hi, I'm new here and this is my first post. I'm trying to find out what the Spot Price of Gold is today and am finding different prices on different sites. For example, right now... JM Bullion shows $1328.49 APMEX shows $1329.20 SD Bullion shows $1328.61 Google Search shows $1323.35 Which, if any of these, are accurate? I would think probably Google. Do the online Bullions sellers post inflated Prices so they can charge more, or is Google off-target? Is there somewhere you can recommend I go to see an accurate price other than these sites listed? Just testing the water to see if this is for me, and I'd like to have accurate information if at all possible. Thanks in advance for your replies.
Spot bounces around constantly. This is a good place to check I think: https://www.kitco.com/charts/livegold.html
Since Gold prices change by the second you will find different prices On all sites some update right away others take a minute or two That,s where you get the differences from.
I would think there are threads on buying or investing in gold in the search option box. Please be very careful as you really don't want to learn a lesson on what not to do as it can easily turn into a very expensive lesson to learn. good luck!
If you want to do different things depending on whether the spot price is $1329, $1328, or $1323, you need to keep in mind that it can easily bounce between those levels from minute to minute. You'll want to find out what spot-price source your counterparty (the person or company you're buying from or selling to) uses. Welcome to CoinTalk!
Thanks, yes, I did search the forum but didn't see a topic related specifically to this. Yes, I'm trying to make my mistakes with Silver at $14+. I can survive those mistakes, being much more careful with gold...
The 'official' spot price is determined by representatives mainly from the world's largest holders of physical metals and contracts ( Exchanges), to exchange metals at certain intervals. Even the largest bullion dealers do not have a say, but they can use it for determining what they are going to pay or charge for their exchange. They communicate and watch each other's buy/sell prices and may adjust theirs to get the dollars from the sell side or to adjust their metal on hand for what they see in the future. So expect dealers B/S prices to change often, even in a flat market. Most of the big bullion companies are reliant on buying options and contracts to get their metal ( the same financial instruments they tell us, not to deal in as paper bullion is "allowing JPM to get all of your metal" ) They employ people who know how to deal with the exchanges and JPM types and pat each other on the backs. So expect variations between what the morning pricing is , and what your local dealer has on the Wall. IMO Jim
Buy your PM's after lunch. I tend to not over buy on a full stomach, much like grocery shopping Seriously though, look for some local stuff private party without the premium.
You are absolutely correct. Making a mistake on silver is something you can live and learn from. A mistake with gold hurts...... The spot tickers (I agree Kitco is best) change by the minute. I feel it is a good time to buy gold. BUT.... Only if buying for the long term. I bought the bulk of my gold more than twenty years ago. And I'll tell you this.... Watching that ticker daily will make you stone crazy. I used to do it. Buy some, put it in a sock drawer and forget about it for a while. And only buy it with disposable monies. Precious metals are a horrible way to invest. However they are fun in measurable and affordable doses.
