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The vast majority of gold speculation (well before blockchains existed) is not based on the actual price of gold, but rather what $EXCHANGE says is the price of
by dcolkitt 4y ago
The vast majority of gold speculation (well
before blockchains existed) is not based on the actual price of gold, but rather what $EXCHANGE says is the price of gold. Very few gold investors are holding physical gold.
- cuteboy19 4y agoThe actual spot price varies city to city and even dealer to dealer, just like any other physical commodity. But because gold is relatively liquid it is unlikely that this difference is too big, otherwise it allows for an arbitrage opportunity