Now, THAT's a good question !
Patrick
> Why Kitco placed the text "(Bid)" on their graph is a Mystery! Kitco tell
> us Why!
>
> HR
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Sent: Sunday, August 04, 2002 1:03 AM
Subject: [e-gold-list] Re: there's one for you Jim & Jim ..
> > > the "real" price in the sense you mean it (perhaps the "usuable"
> > > price "in the future") is what people WHO ACTUALLY HAVE S
Precious metals dealers put a "bid" and "ask" price on their web site to
indicate the price spread of buying from or selling to that particular
dealer. Kitco, being a dealer has a bid and ask price. Maybe the tech who
put the graph together didn't understand that fact.
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> > the "real" price in the sense you mean it (perhaps the "usuable"
> > price "in the future") is what people WHO ACTUALLY HAVE SOME are
> > PREPARED TO SELL IT FOR, ie, to wit, the ask.
I believe the "Spot Price" of gold is just a reflection of the price
per ounce paid in trades on the open ma
The market price is neither the ask nor the bid price. It is the average of
the completed transactions over the sample period, maybe the last ten
minutes, or the last two hours, or the last two days. All methods of
measuring the market price by averaging the most recent transactions are
subject t
> > the "real" price in the sense you mean it (perhaps the "usuable"
> > price "in the future") is what people WHO ACTUALLY HAVE SOME are
> > PREPARED TO SELL IT FOR, ie, to wit, the ask.
Perfect example. The poor OSgold members attempting to
sell $5,000US worth of OSgold for $100 in E-Gold.
> the "real" price in the sense you mean it (perhaps the "usuable"
> price "in the future") is what people WHO ACTUALLY HAVE SOME are
> PREPARED TO SELL IT FOR, ie, to wit, the ask.
I have 100 grams of e-gold. I am prepared to sell them for US$1000 each.
I have the e-gold. I set the ask price.
>One might indeed consider that the actual current value of gold (or anything
>traded, for that matter), is indeed the last known BID, as it is in fact the
>price the market is ready to pay for an ounce of gold a any given time,
>instead of a (past and obviously outdated) last trade.
>
Patrick, t
One might indeed consider that the actual current value of gold (or anything
traded, for that matter), is indeed the last known BID, as it is in fact the
price the market is ready to pay for an ounce of gold a any given time,
instead of a (past and obviously outdated) last trade.
Kitko's position
[EMAIL PROTECTED] wrote:
> http://www.kitco.com/charts/livegold.html
>
> that chart now claims to be showing the BID. who TF cares about the
> BID???
>
> there could be three bucks diff. from the bid and the last sale...or more
>
> Actually, seriously, if e-gold (or anyone) is using a kitco f
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