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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: bambs who wrote (62266)	12/27/2000 10:21:15 AM
From: Zardoz	Respond to of 116759

why does gold trade at two different prices...a price for Gold and a Price for the Gold Spot price? Gold trades in many different sizes, from 1 Toz to 1000 Toz bars. There are many futures and other cute trading instruments that trade from them. But there is really only ONE price that matters in this world... and they don't trade in small sizes: Standard bars are bars of approximately 400 fine ounces troy for gold and approximately 1000 ounces troy for silver. Bars are listed at the discretion of the Management Committee of the Association which reserves the right to make any investigations into an application which it deems appropriate. lbma.org.uk This is where the REAL price for gold is settled. It dwarfs any other market for gold in the world. Check the daily averages.... Maybe you can see from the Price versus volume as to what is occurring? lbma.org.uk All other markets are but puny. Hutch