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Did Gold REALLY Hit $3,000? How is the REAL Spot Price Determined?
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In this video I talk about gold spot price hitting $3,000 per oz in USD, but what spot price am I referring to? Why is gold spot price different from website to website? Is there a real gold spot price or do dealers just make one up? Some dealers have higher gold spot prices than others. I not only show what the real gold price is but I also talk about why different gold dealers have different gold spot prices. The gold spot price is not only takes into account gold futures, but also current gold paper trading. I talk about the difference between gold spot price and gold futures. I also show a clip of Jeffery Christian where he explains how spot price works. He also says that spot price is regain dependent as well as dealer dependent. Gold price has gone over $3,000 will it continue to hit new all time highs?
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