On Wed, 8 Apr 2020 18:18:32 +0100
Eric Coates via gnucash-user wrote:
> My gold is in the form of Sovereigns (each of about 7.5gms) and I
> guess that the only reliable way to get a value of it is by offering
> it for sale.
Actually, sovereigns nowadays are so close to being a 'currency' in
On 4/8/20 12:30 PM, Adrien Monteleone wrote:
> To be clear, the spot price is per ozt, but it is based on a
> transaction involving 1000 ozt of Silver or 1kg of Gold. If you are
> buying or selling more or less, your exact price will be different,
> but you can use the spot as a guide.
Here in
On 08 April 2020 at 8:40, John Ralls said:
[...]
> The
> gold amount is Troy ounces, about 40 grams.
That "about" is a bit of a stretch. One troy ounce is 31.1034768 g
(one troy ounce is 20 pennyweights; one pennyweight is 24 grains;
one grain is defined as 0.06479891 grams)
Well, *officially* the U.S. Government still says the price is ≈$1.36 per gram
:) if only we had such dollars!
(price in law last I checked was $42. per ozt, with ≈31.10348 grams per
ozt.)
Just my 2¢ (or is that 1 FRN! now?)
Regards,
Adrien
> On Apr 8, 2020 w15d99, at 12:22 PM, Les
But there is a premium on top of that.
Regards,
Adrien
> On Apr 8, 2020 w15d99, at 12:36 PM, Les wrote:
>
> Eric:
>
> There are 480 grains per troy oz.
>
> So you can convert your Sovereigns using the above
>
> On 4/8/20 12:18 PM, Eric Coates via gnucash-user wrote:
>>
>> Adrien
>>
>> OK.
In the case of a specific coin, as opposed to bars or generic or mint rounds,
there are several websites selling them that can give you a reasonable price.
Of course, their premium from spot will itself vary from time to time.
The case will be similar for other country specific coins, even if
Eric:
There are 480 grains per troy oz.
So you can convert your Sovereigns using the above
On 4/8/20 12:18 PM, Eric Coates via gnucash-user wrote:
Adrien
OK. Now that I understand where GnuCash's gold price comes from I've
come to the conclusion that what I called the "retail price" of
I use Kitco.com/markets for my prices of precious metals. It is as
accurate as one can get. (The real value of an ounce of gold or silver
is currently controlled by the paper markets. And of course it is
priced in USD. It would be more accurate to price USD in grams of gold.
But that will
Adrien
OK. Now that I understand where GnuCash's gold price comes from I've
come to the conclusion that what I called the "retail price" of gold is
a mirage!
My gold is in the form of Sovereigns (each of about 7.5gms) and I guess
that the only reliable way to get a value of it is by
Sorry, I need help here ... Please help me.
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To be clear, the spot price is per ozt, but it is based on a transaction
involving 1000 ozt of Silver or 1kg of Gold. If you are buying or selling more
or less, your exact price will be different, but you can use the spot as a
guide.
Regards,
Adrien
> On Apr 8, 2020 w15d99, at 11:28 AM,
For the record, a troy ounce (ozt.) is 31.10348 grams.
Spot pricing is usually based off a set contract amount. Usually 1000 ozt. bars
for Silver and 1kg bars (≈32.15 ozt.) for Gold. Transactions in smaller amounts
will vary in price accordingly. Also note that there are two quotes, buy/sell
Hi
A little earlier today, following Frank's contribution, I did an experiment.
I have an account denominated in XAU (but my book currency is GBP) and
I did a "get quotes" within GnuCash. The gold price that came back was
about 1050 (I assumed this would be GBPs per Troy ounce) but looking
> On Apr 8, 2020, at 7:31 AM, Eric Coates via gnucash-user
> wrote:
>
> Good Afternoon
>
> On 08/04/2020 10:08, Frank H. Ellenberger wrote:
>
>> The quotes are not from ISO-4217:XAU (troy ounce Gold), but from
>> NASDAQ:XAU an share index of gold and silver producers.
>
> So, is there a
Good Afternoon
On 08/04/2020 10:08, Frank H. Ellenberger wrote:
The quotes are not from ISO-4217:XAU (troy ounce Gold), but from
NASDAQ:XAU an share index of gold and silver producers.
So, is there a relationship between this NASDAQ:XAU figure and (what
might be termed) the real price of
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