I finally had some time to read George Selgin's excellent Floored! This handy guide outlines everything you need to know, including the adv I was going to look around to see if I could find a media article out there complete with a TA trying to sound really important that would be appropriate to be made fun of in our little Men Who Stare at Charts series.
Recently, the price of gold has been about 60 times the price of silver, while historically it was closer to 20 times. Silver prices tend to be more volatile than gold, having relatively higher highs and lower lows. Many investors prefer silver investing because higher price volatility presents greater opportunities to profit, albeit with higher risk. Current trading prices of gold and silver investment quality metals are Atlas preferred prices.
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 hour trading day. Spot Prices represent the midpoint between Monex bullion bid and ask prices per ounce. A Current Spot Price is calculated based on a virtual non-stop price discovery process of most active comparable commodity transactions.
Don't be fooled by dealers or e-commerce sites that present spot prices that do not fairly represent its common usage in order to obfuscate competitive pricing. Novice dealers may show a higher spot price than the nominal benchmark in order to conceal their transactional spread. Certainly, if a dealer has two different spot prices for the same commodity, it suggests buying or selling bullion at ask and bid prices, and is not a spot price for comparison purposes.
Precious metals prices can and do change throughout the day. Bid and ask prices shown here represent the last published prices per ounce your computer retrieved. Monex monitors marketplace activities and adjusts its Ask, Bid and Spot prices as much as 50 times or more throughout its hour trading day. Bullion bars and coins are sold at Monex Ask prices, which are subject to a buy charge. The difference that the Ask price is greater than the Bid price is the dealer's bid-ask spread. Current prices are reflected with the change in price for the trading day.
Change is calculated from the last Monex price of the prior business day. Bullion bar and coin Open, High and Low prices are Ask prices. As America's longstanding and reliable bullion marketplace for 50 years, Monex companies have been recognized as an industry benchmark for retail bullion investments. Fundamental Food for thought. Can Technology Prevent a Recession?
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Last month, Oilprice wrote how some in the digital tech field expected art John Paul Koning Editorials. Should we have to line up for money or not? I finally had some time to read George Selgin's excellent Floored! Some family members saw me reading the book and asked me what it was about. The subject that George is tackling—two types of central bank operating systems Gold University Jeff Clark. Facing the Music A poem for today. Phoenix Capital Crisis Watch. I bring Mark Spiegel back onto the podcast to talk all things Tesla with a little bit of banter about macro, the Yen and gold.
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