Author Topic: who can tell me what's the GOLD price?  (Read 8780 times)

0 Members and 1 Guest are viewing this topic.

Offline alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
who can tell me what's the GOLD price?
« on: December 22, 2016, 01:03:37 am »
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

Offline serejandmyself

  • Sr. Member
  • ****
  • Posts: 358
    • View Profile
Re: who can tell me what's the GOLD price?
« Reply #1 on: December 22, 2016, 08:03:46 am »
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

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
Re: who can tell me what's the GOLD price?
« Reply #2 on: December 22, 2016, 08:13:16 am »
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 fav

  • Administrator
  • Hero Member
  • *****
  • Posts: 4278
  • No Pain, No Gain
    • View Profile
    • Follow Me!
  • BitShares: fav
Re: who can tell me what's the GOLD price?
« Reply #3 on: December 22, 2016, 10:10:35 am »
means that we need a professional company taking care of price feeds.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12915
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: who can tell me what's the GOLD price?
« Reply #4 on: December 22, 2016, 01:02:54 pm »
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.
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline Chronos

Re: who can tell me what's the GOLD price?
« Reply #5 on: December 22, 2016, 03:34:56 pm »
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 serejandmyself

  • Sr. Member
  • ****
  • Posts: 358
    • View Profile
Re: who can tell me what's the GOLD price?
« Reply #6 on: December 22, 2016, 04:36:51 pm »
I advise to check out here:

http://goldprice.org/
btsx - bitsharesrussia

Offline alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
Re: who can tell me what's the GOLD price?
« Reply #7 on: December 22, 2016, 10:14:16 pm »
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 alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
Re: who can tell me what's the GOLD price?
« Reply #8 on: December 22, 2016, 10:47:49 pm »
thanks, there are no doubt that we provided   wrong price for GOLD/SILVER always
I will fix my feed price script ASAP
we need more professional team to handle these things
before these fixed, as a witness, I will stop publish feed price for GOLD/SILVER
« Last Edit: December 22, 2016, 10:50:24 pm by alt »

Offline yvv

  • Hero Member
  • *****
  • Posts: 1186
    • View Profile
Re: who can tell me what's the GOLD price?
« Reply #9 on: December 22, 2016, 10:50:16 pm »
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.

In this case, do we need to be more specific when we create a bitAsset about which index will it be pegged to, like yahoo gold, poloniex BTC, etc?

Offline alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
Re: who can tell me what's the GOLD price?
« Reply #10 on: December 23, 2016, 02:51:17 am »
I have upgrade my feed script, got GOLD/SILVER price from sina finace, the GOLD price  is 1130
http://finance.sina.com.cn/futures/quotes/XAU.shtml

Offline Chronos

Re: who can tell me what's the GOLD price?
« Reply #11 on: December 23, 2016, 03:16:43 am »
I have upgrade my feed script, got GOLD/SILVER price from sina finace, the GOLD price  is 1130
http://finance.sina.com.cn/futures/quotes/XAU.shtml
Great work, [member=4465]alt[/member]! You're setting a great example with your fast response. Unfortunately, the feed could get a little strange until we have more witnesses make the fix...

Offline alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
Re: who can tell me what's the GOLD price?
« Reply #12 on: December 24, 2016, 07:24:38 am »
seems nobody care about these shit MPA
maybe most people still waiting for  BM to give an order

if anybody care about these , please set up a new witness, prepare the feed price, and I will give my vote.

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12915
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BitShares: xeroc
  • GitHub: xeroc
Re: who can tell me what's the GOLD price?
« Reply #13 on: December 24, 2016, 03:05:47 pm »
seems nobody care about these shit MPA
maybe most people still waiting for  BM to give an order

if anybody care about these , please set up a new witness, prepare the feed price, and I will give my vote.
You are being unfair here ..
anyways, i agree that witnesses should take more responsibilty about the prices they publish .. i gavw them all the tools they need with FOSS code and dont see that its my duty to do anything here given that a dont run a witness or anything

The code also uses google and quadl and can easily be extended to any other source .. bit i persinally will not pay for professional feeds because i dont run a witness ..
« Last Edit: December 24, 2016, 03:10:10 pm by xeroc »
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

Offline alt

  • Hero Member
  • *****
  • Posts: 2821
    • View Profile
  • BitShares: baozi
Re: who can tell me what's the GOLD price?
« Reply #14 on: December 24, 2016, 11:26:08 pm »
there are about 390 SILVER will be margin call when BTS price dumped to 0.004USD/BTS
in fact his real margin call price is 0.0034USD/BTS

and he has to bought 390 SILVER at price 18.7USD/SILVER instead of 15.7USD/SILVER

I'd like to know if it's fair to this guy

if you witness don't know which price is fair, just stop publish the shit.
no price is good than wrong price
« Last Edit: December 24, 2016, 11:37:01 pm by alt »