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How is a Monex spot price calculated?
Spot Prices represent the midpoint between Monex bullion bid and ask prices per ounce. A Current Spot Price is calculated as a bid/ask average, based on a virtual non-stop price discovery process of active comparable commodity transactions. They include dealer and exchange markets throughout the world. Typically, markets track each other when active, but physical delivery price in regards to locations can present anomalies, especially if transportation is slow, costly or restricted. If open, dealer and exchange markets fluctuate throughout the day. For example, if the historical price per ounce of a COMEX/NYMEX futures contract or the London dealer market were to fluctuate up a dollar, typically the Spot Price gets calculated up a dollar. Obviously, market prices can fluctuate irrespective of a particular historical transaction price reported.
What are spot prices?
Origins of SPOT represented the current month, rather than transactions for future delivery, deriving from on the spot. Common practice of the metals industry is to publish a bullion benchmark market value, spot price, which most universally is a particular trading day’s final settlement price per ounce of the COMEX/NYMEX futures exchange spot month. At other times of the day, metals dealers assess active trading on world markets to infer what they believe a benchmark spot price is. Monex publishes a current live spot price throughout its 11-hour trading day.
Charting Precious Metals Prices Is Important For A Couple Of Reasons:
- It provides historical pricing information for gold, silver, platinum, and palladium. This data highlights periodic fluctuations that impact the precious metals market.
- It lists the current spot prices of gold, silver, platinum, and palladium. Knowing this is important since it reflects the real-time marketplace price.
Factors influencing precious metals prices include economic uncertainty, currency movements, and shifts in supply and demand.
Track prices alongside social, economic, and cultural events to better identify the reasons behind a price bump or price drop. Are current gold or silver prices higher than in the recent past? Are current platinum or palladium prices lower? If you want to add a gold bullion coin to your portfolio, would you pay more now than you would have last week? More than you could expect to spend next week? The more information you have, the better.
Precious Metals Datawith A Personal Touch
You can track gold, silver, platinum, and palladium prices right here on our website. Interested in knowing more? Our experienced Account Executives are ready to help you learn about precious metals performance over the years. Call 1-866-646-8465 today to speak with a U.S. Money Reserve Account Executive.
1-866-646-8465
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Gold Investment Storage Options
Storing gold in a depository facility is the only real way to hold your precious metal in a fully insured fashion. Bank safe deposit boxes holding gold are explicitly uninsured, and your home insurance policy is unlikely to cover your gold in case of theft. We always recommend storing your gold investments in a third party storage facility with no ties to the banking system. Our fully allocated, fully segregated gold storage program keeps your gold holdings separate from other client’s gold holdings, and they are audited and insured for their full value. Finally, your gold can be delivered to you quickly if you so desire, or you can access instant liquidity by selling your gold to us.
Get Started Buying Today
Now that you understand gold and silver prices, you are ready to invest. Right now is agreat time to diversify out of paper money and assets and buy tangible gold and silver.You do not need a lot of money to get started.
Give us a call or order right here at MoneyMetals.com today. Our friendly staff cananswer any additional questions. Were happy to provide honest advice with no pressure to buy just great prices on the best gold, silver, platinum andpalladium products for investment.
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Does The Price Of Gold Go Up If The Stock Market Goes Down
Gold typically does the opposite of the stock market as investors have historically parked their money in this precious metal during times of economic and political uncertainty. Yet there is no guarantee gold will go in the opposite direction of stocks. It is certainly possible the two will begin to rise and fall in unison at some point in the future. Anyone claiming to know what precious metals prices will do in the future needs to be treated with caution as no one knows what the future holds for gold and silver prices. Market sentiment, world events, volatility and market cycles also play a part in changing gold prices.
Silver Futures And Paper Silver Faq
What are silver futures contracts?
Silver futures contracts are an agreement for a buyer to purchase a fixed amount of silver from a seller, at a fixed price, at a specific time in the future. A simple example would be a buyer agreeing to purchase 5,000 troy ounces of silver, at $20/troy ounce, two months from present. If during those two months, the price of silver decreases $2, the seller would profit $10,000, as they could source the silver on the open market for $90,000 and then sell it via the futures contract for $100,000. If during those two months, the price of silver increases $2, the buyer would profit $10,000, as they have now purchased $110,000 worth of silver for only $100,000 cash.
Futures contracts also allow bullion dealers, including JM Bullion, to hedge their physical silver positions by electronically buying or selling metal out in the future to offset their physical inventory positions. As spot prices move up and down, the offsetting gains and losses between physical and futures positions ensure that movements in spot do not affect our company.
Metals futures contracts trade on a variety of worldwide exchanges, including the COMEX and NYMEX.
What is the COMEX?
The COMEX is the primary exchange for trading gold and silver futures contracts. Standard gold contracts are for 100 troy ounces of gold, while standard silver contracts are for 5,000 troy ounces of silver.
What is the NYMEX?Could I buy silver by just buying a futures contract?
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Here Are Four Reasons To Invest In Gold Today
1. Gold Holds Unique Value Gold is physical money. It isnt like the US dollar which is issued and backed by the US government, making it vulnerable to market fluctuations. Gold has immediate purchasing power as currency and that makes it uniquely valuable. Owning gold bullion is considered to be a means of protection when the US dollar is failing or world markets become volatile and uncertain. Traditionally, the value of gold goes up when the dollar is down.
2. Gold is Historically Stable Physical gold holds the same value and standard weight all over the world, creating a viable option to easily buy, sell or trade. While you can shop for gold in many currencies and weights, the gold industry recognizes a standard for that weight. This standardization around the world makes buying gold bullion and other precious metals, a trustworthy process.
3. Gold Supply is Limited There is a limited supply of gold on the earth and gold is also not renewable. Gold cant be printed like money and that means once all of the gold has been mined and sold, there wont be more. Gold mining can be a costly activity so if mining companies decide that it isnt financially feasible to mine, the supply will lag behind demand. All of this rarity, including low discovery of new gold, makes gold even more valuable, especially as a long-term investment.
Why Cant I Buy Gold At The Spot Price Or Below
The gold spot price does not consider the account dealer, markups by the manufacturer/mint or distributor markups. Most of the gold sold around the world comes from a small group of very large mints. Such products are priced at the gold spot price with a markup added on so the maker or mint can make a profit. However, NZ gold merchants must also turn a profit to keep the doors open. The dealer marks up the product higher than the initial purchase price to cover overhead costs and allow for a profit margin. Most New Zealand gold dealers and refineries purchase gold below the gold spot price and sell above the gold spot price when a buyer comes around in order to make a small profit on every transaction.
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What Were Gold And Silver Prices In 1986
After peaking in January 1980, gold and silver prices moved sharply lower over the following two years before basing out in the mid 1980s. By 1986, gold had found a floor around $300/oz.
A rally ensued through 1987, but it proved to be fleeting. Gold prices fell back into a long, protracted trading range. The market finally bottomed out from 1999-2001 before embarking on a multi-year secular upleg.
Why Does Gold Trade Effectively 24 Hours A Day
Gold trades around the clock as people are willing to buy and sell at just about every hour of the day and night. Furthermore, precious metals refineries, large gold mints, gold traders and bullion distributors, are located across the globe in different time zones. The freedom to trade gold 24/7 makes the market for this precious metal that much more liquid.
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Why Do I Care About The Gold Spot Price
Any buying and selling you want to do will be based upon the spot price of gold. Purchases arebased on the ask price, and sales are based on the bid price.
If youre a buyer, you naturally want a lower price. And when you someday sell, youll want thehighest spot price you can get.
Any transaction you make in the gold market will be based upon the spot price.
What Is The Gold Spot Price
The spot price of gold is typically the base price of one troy ounce of gold in any form.The spot price is based on trading activity in the futures markets. Gold is traded like stocks andother securities do, and spot reflects the real time price based on all trading activity at anygiven moment. In the US, the COMEX is the primary exchange that sets gold and silver prices. Whiletrading of actual physical metal occurs on most exchanges, it is primarily used to hedge thosepositions and as such is a derivative of futures, and thus has minimal impact on setting the price.
Spot usually refers to the bid price you see listedwhich is the price most recently quoted in themarket that buyers are willing to purchase at . The spot gold price is quoted in US dollars, since gold isuniversally priced in US dollars in markets around the world.Any quote of the spot price of gold in grams or kilos is typically just a conversion of the value inounces, and not a separate trading market. Its the same for other currencies, like Euros or Yuan,which are usually calculated using current foreign currency exchange rates.
Gold trades around the world and around the clock. Some of the larger exchanges include New York,London, and Shanghai. Gold trades from 6pm eastern to 5:15pm eastern, Sunday through Friday . The spot price constantly fluctuates during tradingdays, depending on what buyers and sellers are doing.
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The Value Of Precious Metals At Today’s Price
What is the price of silver?
Silver can be found in many different forms, quality and locations, which means silver has different price points at any one instant in time based on supply and demand. The most universally quoted prices for silver are for the large commercially standard .999 fine pure silver 1,000 ounce bars, depending, of course, if one is buying or selling. To reference one price of silver, the industry standard is to use the price between bullion buy/sell prices where traders are not inclined to be buyers or sellers, suggesting a fair nominal price reference commonly referred to as the spot price. Over time, silver prices are recorded, compared and charted to suggest trends and overextended price moves. Besides the most current silver price, comparison to the previous day’s final price and the 100-day average of final spot closing prices are frequently monitored.
Can I buy silver from Monex at the silver spot price?
How are final silver prices calculated at Monex?
The final Closing silver prices at Monex are the last prices quoted for its 11-hour trading day for each of the silver products it offers.
How often do spot silver prices change?
What factors influence the price of silver?
What is the main difference between bid, ask and spot prices?
What is the spot price of silver?
What silver price charts does Monex produce?
Monex Deposit Company
Numismatic Value And Gold Price Premiums
Numismatic value refers to certain beneficial features of a gold coin that increase its price. These include rarity, scarcity, artistic merit, age, condition, and so forth. Its up to you as an investor to decide if numismatic value is something to focus on or not. While the upfront prices are higher for gold with numismatic value, due to its rarity investors can be sure numismatic gold coins will bring a strong return on investment, yielding a high sale price no matter how volatile the market is.
To estimate numismatic value, take the total gold price of a numismatic 1oz coin and subtract the live gold spot price, fabrication costs, distribution fees and dealer mark-up. What remains is the current approximate numismatic value of the gold coin. While these numbers are sometimes hard to predict, doing the math before buying or selling your gold bullion will give you a more accurate estimate of what prices you will pay for your gold, and of what your ROI will look like.
Many collectors of numismatic gold bullion coins prefer to diversify their coin holdings with minted gold coins from around the world. The most reputable numismatic gold coins many collectors prefer consist of: Canadian gold coins, American gold eagles, Australian gold coins, Chinese gold pandas, British gold coins& African gold coins.
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The London Bullion Market Association
The LBMA is an association dominated by many of the worlds largest banks who alsomake a market in physical gold and silver bullion bars. The group is headquartered inLondon and is perhaps best known by bullion investors for establishing the fixprice. This price is unlike the spot price in that it is set just once per day in silverand twice per day in gold. The fix price does not fluctuate from moment to moment.
Fix prices are often referenced in contracts and agreements involving large quantities ofmetal. Parties can agree to trade at the fix price and avoid worry about agreeing on aparticular spot price while it bounces around.
And using a fix price makes it easy for either party to hedge. Bullion dealers, forexample, can sell inventory to a customer and buy replacement inventory from a mintusing the same fix price as the basis. Once again, they avoid worrying about the spotmarket moving against them during the period between completing the sale and making theoffsetting purchase.
Is Selling Gold Right For Me
For many, cash for gold is an alluring idea, but we understand that it can also be a hard decision for some people. We know that, at times, it can be an emotional experience to part with sentimental jewelry, family heirlooms or long-owned gold bullion.
Dont want to sell gold? pay little labor fees and get an on site jewelry repair
At the same time, selling your gold can be a great investment for your future, and can earn you cash for the items in your home that you no longer want or need. At Finest Cash for Gold, we are committed to compassionate, professional and helpful customer service. We understand the complex and emotional reasons why people choose to part with their gold, and we work hard to set prices that make the decision worthwhile for you.
If you have family heirlooms or inherited gold that spends more time collecting dust than being properly appreciated, it might be time to pass it along to another owner, while making some extra cash in the process.
You might also notice that certain pieces of jewelry are seldom worn any more or find that your silver cutlery and tea sets are not receiving the attention that they deserve. If for no other reason, simply selling of the old to make room for the new is a perfectly good motivation to sell gold.
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Gold In Our Ancient Past
The human race has had a historical relationship with yellow precious metal dating back to our earliest civilizations. As we examine gold in the ancient past, what becomes clear is that our earliest rulers didnt just own gold, they were obsessed with it. They clad themselves in gold, and used gold to embellish their most sacred monuments, holy shrines, burial sites and temples of worship.
Since many age-old societies actively worshipped the sun as a god, it is understood that the colour of gold and the golden colour of the sun became correlated, allowing the ruling class who shone in golden light to possess the unquestionable allure of god-like reverement. From the perspective of the early common people, gold was seen as something precious & god-like that only the ruling elite were entitled to own.
As centuries passed and cultural gold values began to evolve, the commoners slowly began to own tiny amounts of gold. Because it was so scarce and so many buyers wanted to own it, the price of gold was extremely high, as it was of the gods. This high valuation of gold has trickled down through history and evolved into the present day.
