Spot Prices

You may need to refresh your browser if you visit daily. Just press F5 on the top, middle of your keyboard.

Spot prices are the cost of a precious metal in its raw state and it fluctuates daily based on the supply and demand for the metal on that day. This price is set in various different exchanges around the world and the one in charge of United States pricing is the NYMEX, or New York Commodities Exchange. These spot prices are usually fluctuating up and down all day due to new investors entering the market and old investors exiting the market. The daily market price is the main determining factor that affects the bulk price of what you pay when investing or collecting precious metals.

Supply and demand is what drives these prices, for example, when there is a smaller supply of something and a greater demand for that something, prices usually increase and vice versa. This is exactly what we see every day on trading floors across the world. Spot price projections for 2010 and the upcoming years have all been bullish and the majority of financial institutions and market analysts believe that gold could be the investment of the generation.

When deciding to make an investment in precious metals, it's important to know that the public cannot buy gold at its spot value because this price is based on 1000 ounces of COMEX approved bars before delivery. If you are interested in receiving prices very close to spot value, then our friendly experts would be glad to help you by calling 1-800-300-0715 or by clicking here to receive your free "2010 Insider's Guide To Gold Investing."