With all respect, I'm not sure people need updates on the price 4 minutes later. I try to post when we hit new incremental highs because that is the purpose of the thread, but I think most people know where to find the current price if they want it.
With all respect, I'm not sure people need updates on the price 4 minutes later. I try to post when we hit new incremental highs because that is the purpose of the thread, but I think most people know where to find the current price if they want it.
At least he posts the real world price. Not sure the futures price is relevant to anyone who actually stacks the metal. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
With all respect, I'm not sure people need updates on the price 4 minutes later. I try to post when we hit new incremental highs because that is the purpose of the thread, but I think most people know where to find the current price if they want it.
At least he posts the real world price. Not sure the futures price is relevant to anyone who actually stacks the metal. RGDS!
Why, just because the quantity is 100oz and not 1oz? Like it or not, the price paid for a futures contract is the price someone is willing to pay for gold (and sell gold for) for delivery in a month give or take. It's a valid price. The price is different at your local shop, on Craigslist, at APMEX, on the home shopping network channel, ebay, etc. that could also take weeks to deliver. Any argument that the futures price isn't a 'real world price' isn't valid. In fact, when premiums jump it can be cheaper to buy metal via futures contract than at your LCS. It's a data point just like everything else.
@MsMorrisine said:
can find current futures easily too
Right, but I only post new highs when they happen which again, the purpose of the thread is to announce new highs, not prices at random times through the day. Spot and cash always seem to be within1% of each other anyway so I'm not sure it makes a huge difference.
plus, that is kitco. cash market. there are those here that don't want to hear about futures at all.
Yes, a different market, but futures prices are relevant to the overall gold market too.
Comments
Over $3900 tonight!
http://ProofCollection.Net
With all respect, I'm not sure people need updates on the price 4 minutes later. I try to post when we hit new incremental highs because that is the purpose of the thread, but I think most people know where to find the current price if they want it.
http://ProofCollection.Net
can find current futures easily too
plus, that is kitco. cash market. there are those here that don't want to hear about futures at all.
and for those playing at home, when i post grabs, sometimes is the high of the day range is the reason for the post
3904 futs
3876 k
poor futures is pricing only an additional 28 in.
The gold miners in Alaska must be giddy!
100% Positive BST transactions
At least he posts the real world price. Not sure the futures price is relevant to anyone who actually stacks the metal. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Why, just because the quantity is 100oz and not 1oz? Like it or not, the price paid for a futures contract is the price someone is willing to pay for gold (and sell gold for) for delivery in a month give or take. It's a valid price. The price is different at your local shop, on Craigslist, at APMEX, on the home shopping network channel, ebay, etc. that could also take weeks to deliver. Any argument that the futures price isn't a 'real world price' isn't valid. In fact, when premiums jump it can be cheaper to buy metal via futures contract than at your LCS. It's a data point just like everything else.
Right, but I only post new highs when they happen which again, the purpose of the thread is to announce new highs, not prices at random times through the day. Spot and cash always seem to be within1% of each other anyway so I'm not sure it makes a huge difference.
Yes, a different market, but futures prices are relevant to the overall gold market too.
http://ProofCollection.Net
My first recollection on gold was in 2007 when you could by common decent raw Lib $20's for around $800.
Wish I had bought a few more than I did.