What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on November 12, 2012.
Learn more about SpinDistribute Article Distribution System.

Unravel the complexity of spot gold.

Article Category: Finances

Author Name: Sharon Richards

What is spot gold?
"Spot gold" pertains to the price of the precious metal gold in a specific type of financial transaction referred to as a "spot transaction". With a spot transaction, the buyer and seller agree to buy or sell a commodity, currency, or security for settlement on the "spot date". Settlement is the completion of the transfer of cash or assets. The "spot date" is set at the "horizon", or when the contract is initiated. The price that is used in the settlement of a spot transaction is called the "spot price", "spot rate", or "exchange rate". In a nutshell, spot gold is the buying or selling of gold in a cash market for immediate delivery of gold.

Spot gold vs gold futures
"Gold futures" is another financial tool used for buying or selling gold. Although the underlying commodity is equivalent, spot gold and gold futures are traded a lot differently. The governing rules, trading hours, trading symbols, the types of contracts, and the contract sizes for gold futures are quite different from spot gold. Spot gold is bought and sold at over-the-counter (OTC) dealers particularly found in the FOREX market. On the contrary, gold futures are traded in commodity exchanges worldwide where gold, silver, and other precious metals are traded. For full, detailed information on the differences between spot gold, gold futures, and what hedging is all about please visit www.spotgoldinfo.com.

How the price of gold is set
Global price discovery for gold is executed the gold futures market. The largest gold market is in London and is called the "The London Fix", "London fixing", or "gold fixing". The London Fix is a session that occurs via teleconference twice a day by representatives of London's five largest bullion banks. The current members of the London fix are: Barclays Bank, Deutsche Bank, HSBC Bank USA, ScotiaBank, and Societe Generale. The London fix takes place daily in the morning at 10:30 am (the morning Fix), and once more at 3:00 pm (the afternoon fix). The banks assign the price of gold based on an aggregation of the buy or sell orders that the banks collectively hold for gold. Preceding World War I the world reserve currency was the British pound, and the price of gold was defined in pounds sterling. Now, the US dollar is the reserve currency of the world, and the price of gold is valued in US dollars.

How is gold measured?
Gold is measured and sold by troy ounce. A troy ounce is based on the British imperial system of weights and measurement, and weighs just a bit over a US ounce (avoirdupois). A troy ounce is equivalent to 1.0971428 oz. The London Fix deals in 400 troy ounce bars of gold. Gold is also traded around the world in smaller quantities, grams. Gold futures, conversely, are sold by distinct sized lots, each having their own trading symbol to differentiate the lot sizes.

There are three general forms of physical gold that are traded: bullion, bars and coins. Gold bullion is almost 100% pure gold, and represents the large quantities of gold that are traded on the financial markets. Gold bars are smaller sized than gold bullion and are individually cast or minted in specific weights with varying numismatic values. Gold coins are minted of pure, and nearly pure, gold by various countries.

Buying and storing gold
You can invest in spot gold on the London or NY markets, online, and at auctions. You must decide on how you would like to grab gold. You may buy and take delivery of the physical gold, specify delivery to a vault where gold is to be stored on your behalf, or buy shares of a gold stock or an exchange traded product for gold. The main factors to keep in mind when buying gold are security and fees. It is best not to store gold in your own safe. Furthermore note that gold de-values if you remove it from a permanent storage facility, because it will have to be re-evaluated by a gold specialist, which is a steeply-priced procedure. Get full details of account types (allocated and unallocated), exchange traded products, and buying and storage information at www.spotgoldinfo.com.

Keywords: spot gold,gold price,gold spot,spot gold price,gold spot price,spotgold,gold price

Learn more about SpinDistribute Article Distribution System. We also offer a Pro Article Writing Service to everyone who needs premium quality well-researched articles.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.