which site is much more accurate when come to check the gold and silver prices?. and which site you like best?. is there any other sites out there?.
I generally use Kitco. I have no idea how accurate their spot prices are but I would expect them to be very accurate. I also like the graphs you can pull up tracking prices over various time spans.
Kitco for sure! If I am not mistaken, it is one of the largest daily resources for Metals and Currency information across the board! RickieB
but then the gap betwwen bid and ask from kitco is very wide. while that of bullish desk is quite near. example silver kitco bid 10.00 ask 10.08. bullish desk bid 10.00 ask 10.01. gold kitco bid 900.00 ask 900.80. bullish desk bid 900.00 ask 900.10.
I thought Kitco prices were based on Comex prices. I thought Bullion Desk is the LME price. I could be wrong so check it out. The difference in prices is due to the fact that you are comparing two differen market places. Both are correct for what they are.
if that so. then we should follow the bullish desk. because the u.s. mint price chart is based on average london spot gold closing.
good point, but that depends on whether or not you are the US Government or a buyer in the US. The kitco price is what dealers (at least the ones that I know) base their buy and sell prices upon. The spread being wider appeals to them as an added profit built in to their "price" be it buy or sell.
of course i also used kitco, but when kitco closed. i used bullion desk. and sometimes used northwest mint as a guide for american eagle gold coins,
Kitco all the way Wouldnt you know it? I sold a bunch of Silver and Platinum in Tucson at a nice percentage below what today is. Go figure.
From what I understand, Kitco is better. They use spot prices. Many sites (cnn commodities may be one of them) uses futures prices.
Neither. Spot price is spot price, and nobody on here, I suspect, trade at or close to spot. To me, the only quote that matters is one you get yourself. These days, with wild fluctuation in price and supply, it is even more true.
I agree. I've always thought that silver and gold in coin form should carry a premium to bar metal if only because (1) it is usually divided into smaller quantities, and (2) the weight and purity have already been guaranteed without assay. Since the premium on coins over melt value can range anywhere from negative to a very large positive compared to the spot price, everyone has to make their own calcuation of value. There is nothing magic about the spot price. For example, in the case of silver it is the price someone is willing to pay today for five 1,000 ounce bars. This may or may not be comparable to the coin you are thinking of buying.
When I am out of the office and dont have access to spot prices, I follow bloomberg.com, they have a section there. Also, I use ETF trusts as proxies. SLV for Silver, which is 1 oz silver and IAU for gold, 1/10 oz gold.