In terms of gold bullion, you can invest in gold in the form of gold bullion coins like the Canadian Gold Maple Leaf coins or the American Gold Eagle coin, or in gold bars usually measured in grams, ounces, and kilograms. The gold spot price plays a critical role in gold sales and live gold price dynamics, as well as in other investment arenas. You will also notice that during market trading hours, beginning in Asia late Sunday nights and throughout the workweek, the gold spot price is not constant – it often fluctuates and changes over the course of trading days. These price fluctuations are usually minor, and should only play a decisive role in ultra-short-term investments, not in long-term gold bullion buying.
- Although it’s difficult to track the true supply of gold, the United States Geological Survey (USGS) estimates 244,000 metric tons of gold has been discovered to date.
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- The spot price is the gold price one sees on financial news networks’ tickers and trackers, but the spot price is not the only price a person must pay when actually buying gold.
- The time to think of reasons to buy, are when we see the big pull backs in the BEV chart below.
- Below is a large percentage change illustration of how various national currencies have lost value to gold bullion in this 21st Century Gold Rush thus far.
In general the higher the demand for gold bullion, the higher the gold spot price will rise. When major investors (e.g. billionaires) begin buying up large quantities of gold bullion, or gold mines, this can also affect the market and gold prices positively. With that being said, the impact of governments, central banks, big banks, and even major investors can also affect the current (and future) gold price.
With our world now bloated with so much debt, with an economic downturn, much of this debt will be defaulted on. Much of this debt is corporate debt, and debt default by a corporation means the corporation becomes bankrupt. So, the Dow Jones’ ultimate bear market bottom in the coming bear market, may be a market decline of 70%, or more from its last all-time high. Last week, when gold closed with How to buy crude oil a BEV of -8.11%, I didn’t advise my readers to sell their gold or silver, because of what we see in the BEV charts below, a graphic I used last week, for the Dow Jones and gold.
What currency are gold prices per ounce offered in?
The gold ask price is the lowest price the seller is willing to sell gold. Rae Hartley Beck first started writing about personal finance in 2011 with a regular column in her college newspaper as a staff writer. Since then she has become a leader in the Financial Independence, Retire Early (FIRE) movement and has over 300 bylines in prominent publications including Money, Bankrate and Investopedia on all things personal finance.
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You can get the current gold price per ounce at midnight or sunrise, lunchtime or any other time you need it. An ounce asset pricing and portfolio choice theory of gold is the worldwide standard weight that’s used when discussing the gold market, and also when referring to a one ounce gold coin specifically. Because gold is more dense than silver, a one ounce American Gold Eagle is smaller in size than a one ounce American Silver Eagle. Because of this difference in density between the two metals, some people say that a one ounce gold coin feels heavier than a one ounce silver coin, even though they both weigh one ounce. In the short to medium term, gold price dynamics can remain mostly influenced by derivatives traded on the COMEX, LBMA, etc.
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If so, I wouldn’t be interested in the stock market, until the Dow Jones’ daily volatility’s 200Day M/A, spikes up to something above 1.75% in the chart below. Simple; the investing public finds the confidence the market in question, is once again an acceptable risk for their investment funds. Since 1980, this is something gold, and silver bullion, as well as the precious metal miners, have yet to achieve. This week everything was up, with gold holding on to its #1 position. Silver was up to #3, from #4 last week, with the XAU up to #17, from #18 last week. We’ll know when the bull market for precious metal assets is entering into its next phase, when the XAU takes the #1 position in the table above, and then stays there.
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Should Quantum Bio’s $700 million dollar lawsuit go in favor of Quantum, it could (should?) have a significant, and positive impact on the market valuation for companies like Eskay Mining. Quantum Biopharma has entered a historic lawsuit against two large market makers, who have facilitated Quantum’s share price to be “spoofed,” resulting in a massive decline in its market valuation. However, as forex scalping strategy far as the company actually having an economic deposit, the company can’t say anything with certainty just yet, whether it does, or does not have such a deposit.