Author Topic: who can tell me what's the GOLD price?  (Read 22451 times)

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Offline alt

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so tell all BTS traders, we have no exactely price for these shit smart coins:  CNY USD GOLD
why do we need these shit smart coins?

There is no SINGLE PRICE of anything.
It all depends on the subset of buyers and sellers that define specific price on a specific trade. Fortunately, we have some bigger exchanges that have a ticker for those trades.
Unfortunately, we have many of them, some bigger, some smaller. Each exchange has there own price. In fact, every trade has it's own price.

Offline serejandmyself

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btsx - bitsharesrussia

Offline Chronos

This is really weird. At first I thought Yahoo was showing an ETF price, but it really looks like it's gold spot vs USD. I can't find any reason for its higher price than the rest of the world, except that for some reason it's not able to be arbitraged properly. Not sure why.

But anyway, I can confirm that most of the world is trading on the 1130 spot price. A quick search around the internet reveals this. Example: https://www.bloomberg.com/quote/XAUUSD:CUR

Offline xeroc

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There is no SINGLE PRICE of anything.
It all depends on the subset of buyers and sellers that define specific price on a specific trade. Fortunately, we have some bigger exchanges that have a ticker for those trades.
Unfortunately, we have many of them, some bigger, some smaller. Each exchange has there own price. In fact, every trade has it's own price.

Offline fav

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means that we need a professional company taking care of price feeds.

Offline alt

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so we're all wrong?
all the witness published the wrong price
what's the meaning of the price from yahoo finance and what's the meaning of bitGOLD?
fuck myself, shit witness, what should we do to correct this?

1130 of course.

Not sure what it means, but this is from the second site that you gave :

GOLD 1 OZ (XAUUSD=X)
CCY - CCY Delayed Price. Currency in USD

Offline serejandmyself

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1130 of course.

Not sure what it means, but this is from the second site that you gave :

GOLD 1 OZ (XAUUSD=X)
CCY - CCY Delayed Price. Currency in USD
btsx - bitsharesrussia

Offline alt

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from yahoo finance, XAUUSD is 1323, this is used by feed price now.
https://finance.yahoo.com/quote/XAUUSD%3DX?p=XAUUSD%3DX

but from other site, XAUUSD is 1131,
who can tell me what's the different?
http://www.investing.com/currencies/xau-usd