Saturday, June 29, 2013

Real Gold Price

Real Gold Price

This site tracks what the real price of gold is.  Currently, there's a premium on the Comex price.  The theory goes as the physical and paper markets diverge, the premiums will get larger and larger until the gold cannot be bought at any price.

Update:

It looks like about an 8% premium on silver.  Don't think the gold price premium is all that significant yet.  This conclusion is derived not from this website, but rather from Kitco.

The real price is not that different from the Comex price.  At least, not yet.

Update:

Just looking at the gold prices on Kitco.  There does appear to be a premium after all.  It's only about 1%.  I looked at the 100 oz good delivery bar versus the comex.  Comex deals with 100 oz contracts, so the comparison seems apt.


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