The monetary system sounds complicated. The consequences are not.
Talk about the Federal Reserve.
Talk about Nixon closing the gold window in 1971.
Talk about fiat currencies, monetary expansion and US$353 trillion of global debt.
It can all sound like something that belongs in an economics textbook.
But there is a much simpler question:
SPOT : The spot price reflects Gold, Platinum, or Silver’s paper market value, but the real cost of bullion is higher due to dealer premiums, minting, shipping, and market demand.
SPOT PRICE :
- Gold
AUD $
- Platinum
AUD $
- Silver
AUD $
PHYSICAL : The actual price of physical Gold, Platinum, or Silver is always higher than the paper spot price. This is because the spot price represents the paper or electronic market value, not the physical metal in your hand.
PHYSICAL PRICE :
- Gold
AUD $
- Platinum
AUD $
- Silver
AUD $
PRICE
REFRESH
