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Spot Price

“I need to reiterate the point that the published New York silver spot price and London silver spot price and futures prices for precious metals have become meaningless. Currently, most coin shops are charging 10 to 12 dollars per ounce over spot on silver, and the silver premiums paid on eBay are even higher. The spot prices have become so grossly manipulated by short-selling investors that they no longer reflect reality. The real price of silver is what most dealers are actually willing to sell it for. And as I'm writing this, that is around $33 to $35 per ounce. So forget the “official” price of silver. So after you have stacked up your storage food and ammo, stack up some silver (see Beans, Bullets, Band-Aids, Bullion, Books. Someday, you will be glad that you did!”

Fair Use Disclaimer Source: http://www.survivalblog.com/2013/05/update-on-chris-duane-sbss-and-mulligan-mint.html



"Spot price", site:conservapedia.com "Spot price", Spot price

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Based on research from diverse Fair Use Disclaimer Sources:

Snippet from Wikipedia: Spot contract

In finance, a spot contract, spot transaction, or simply spot, is a contract of buying or selling a commodity, security or currency for immediate settlement (payment and delivery) on the spot date, which is normally two business days after the trade date. The settlement price (or rate) is called spot price (or spot rate). A spot contract is in contrast with a forward contract or futures contract where contract terms are agreed now but delivery and payment will occur at a future date.

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spot_price.txt · Last modified: 2020/03/12 18:38 (external edit)