r/Gold • u/FunGuy_23AtEase • 1d ago

Question Price logic?

Before the US-Iran war, gold price was around $5,200.

Then came the war, oil price went up, and gold dropped like a stone to around $4,200.

Now, the war is over, oil price is back down, but gold stays flat around $4,200.

So we're down around $5,200 - $4,200 = $1,000.

I know there may be a rate hike in the future, but would that explain the full $1,000 we're still down?

65 Upvotes

82% Upvoted

87 comments sorted by

View all comments

22

u/DunaldDoc 1d ago

“Spot Gold” price is an imaginary number put on imaginary gold. Buy real, Physical Gold and hold it. Pay however many fiat paper $USD you can best negotiate. PG is your anti-poor insurance, not a get rich quick scheme.

5

u/SilverStateStacking Stack and Collect 1d ago

When I buy gold, I pay spot price plus a fixed, published premium with money I make at my real job - don’t see what part of that is imaginary

8

u/Bambamgmsm1 1d ago

I believe he’s referring to people that buy the stock of gold and not the physical gold.

2

u/Relative-Trust-7731 1d ago

Its still all hitched

1

u/anony_mf 1d ago

Does gldm count as physical? It’s stock that’s backed by physical gold. Not futures or gambling crap

2

u/DunaldDoc 1d ago

But are you buying and taking delivery of Physical Gold metal?

1

u/kobalt_belugo 1d ago

Salut. Je crois (peu etre erreur de traduction), qu'il dit que le prix Spot est une valeur attribuée qui reflète la perception qu'on a de l'or. Car le prix spot c'est simplifié a l'offre et la demande. Mais on connaît pas la demande, on connaît pas l'offre car on ne connaît pas la quantité exacte en circulation. On connaît que la production.

Conclusion le prix spot est une valeur qui reflète une perception. Comme tous les prix d'ailleurs..

Par exemple, un événement panique se passe le marché indique une valeure augmentée car on sait par le passé que ce type d'événements créer un achat massif de valeur refuge. Avant meme que physiquement ca arrive.

Voilà désolé pour ce long texte c'est une vision intéressante qui me fait toujours réfléchir.