What Does "Spot Price" Actually Mean? - Back To Basics
Video Overview & Insights
Spot price is a term we throw around a lot on our videos, disussions on stream and talking with customers in the shop, but what if you're only just checking gold & silver for the first time? What actually is spot price? Michael explains!
You talk too fkn much
Need to buy gold or silver in Melbourne, Australia? Come see Bullion Now for all your gold and silver bar and coin needs, now located right in the heart of the city! Need something a bit more special? Little Coin Shop has you covered with the best collection of collector's items!
If you wanted more info from our team, please call 1300 84 84 10, or email us at sales@bullionnow.com.au
I’d rather be in Oz in 84’ with the baebs and gold silver platinum palladium copper and opal fields
And if you need to sell gold, silver or other precious metals... we pay 100% of spot price. To our knowledge, that's the best in the business.
Bullion Now & Little Coin Shop
Well explained
Suite 605, Level 6
227 Collins St
I ran before I could walk on my silver / gold fever. I bought a lot of silver and working on gold. But never took the time to understand basics Thank you
Melbourne
#BullionNow #Gold #Melbourne
IT Sounds like there SHOULD BE A SET PRICE FOR AN OUNCE of Silver .
More User Perspectives
Sorry to ask but no one can answer. How is spot price generated. ? Is it people.isit computer. Who is dealing the CARDS?
@halfbreed1117Why are some of the various dealers gold bid prices different even though they are all live? I assume the prices on dealer sites have been altered?
PS i'm just starting and collecting for long term, but very interested and love these videos but still confused :)
Very informative! Thank you 😊
@danielgross4502Short answer is the spot price is the price of the central bankers manipulated price of ETFS in the futures ( derivatives market ) paper promises If you don't have physical possession you don't own it remember the old adage possession is 9/10 ths of the law
@electricman69Who cares what's printed on them !! ITS SILVER !! OMG LIKE IT DIMINISHES THE SILVER & PURITY OF IT !! RIP OFF SHOPS !! GRIND OFF THE IMAGE & JUST SELL IT
@johnbart8454Is it possible to buy from bullion now from sa, and what are the steps
@scaredparanormalHi, im from SA i have a q. Why do miners get paid spot, and when we sell some of our coins, we also get spot, should there not be a diffrence
@scaredparanormalIt's good to get some education into what spot price is and difference to premium price, thanks
@36kaitlynHi all, I have a very basic knowledge of precious metals trading.
When selling gold , does the spot price vary depending on the purity of the gold? Ie 9ct , 18ct etc.
Many thanks in advance 👍
People should be more concerned with the retail price. Spot price is a whole price for buying contract for large quantities of the metal that excludes many other costs to bring it to the retail market.
@ZzyzxRoad-Fwy15⚡ GOLD $2372,45¢ 🚀
@sergeysmirnov7323Great video Micheal. Love how you make everything so simple that everyone can understand. Top video! 👍🏻😊
@send2georgie_S2GThere is more wealth, and life, in a kilo of garden soil than there is in single gram of gold.
Gold, like bitcoin, is just another tulip to be manipulated. Invest your money elsewhere and build a garden.
Why do Australian news channels show price of gold in US $ it means nothing to me if I still need to convert it
@philiprachtman1217Excellent video, Michael.
@vaughndumasWild watching gold go up $350 last month, nice.
@asdfgsfgj8220Very comprehensive Michael! Thankyou for that 😊👍🏻
@genevievevever4157Does any dealer pay above spot or is 100% spot the best price anyone pays? Thanks for the education.
@rainingsocks@5:10 you are referring Ainslie, I get better price from bullions now every time 😊
@MazoknLove the videos. Appreciate the effort the bullion now team puts into education. Also, Michael and the Little Coin Shop teams are legends. The team sourced a coin I thought I had missed out on, very much appreciated.
@trailxrageCheck out the selling prices.....BEFORE Buying Anything.....when it's melted down it's metal.
@Memee833So if bullion now pays spot, which price is paid, bid, or ask?
@wombat1184I always just go buy your unallocated price
@glenn89Spot price is what comex allows it to be with fake paper silver purchases
@thehouseofsilverandgoldGood information, thanks Michael
@gregford5991Spot = Objective.
Premium = Subjective.
Newbies, don't get mixed up with American dollars when going to sell. Recently told of a guy who sold gold to a buyer thinking the American dollar price was Australian dollars, the BS BUYER payed him the American price in Australian dollars. In other words buyer ripped sell Off.
@GR19611Gold can be pass down for many generations. Don’t stress with the numbers 😊
@davidhamtaroNext video an explanation of premium please
@arthur4493Time in the market > timing the market …yeah I had to be the one 🫢
🫶
Nice Info
@briansmythe3000If the CR!MEX (COMEX) MaNiPuLaToRs are at work, you will see SILVIR manipulated down quite often,
@JOHNLGALT-g3wTo save the queue’s out the doors at bullion now and clogging up the phone lines, just simply do a YouTube or Google search for your answers please people 😂
@melbournestackerBest company to deal with when purchasing your sound money.
@johnharris7244Cool
@melbournestacker