What is the REAL price of Gold? - Help!Submitted by spacehabitats on Tue, 12/16/2008 - 18:43
Forget the reasons why, or who is doing what to whom.
The price of something is how much "money" it takes to purchase it.
To me that means to have it end up in your hands, in your house or at least on your land.
I understand that the spot price of gold (or silver) is a myth.
But how far off is it?
The spot price I just saw online was $858 USD/oz. for gold, $11.20 USD/oz. for silver.
What do they REALLY cost?
Not for jewelry, or coins, or future shares...but for the real stuff?