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A sell limit order is not executed unless the price is above a preset value. A buy limit order is not executed unless the price is below a preset value. The lead participant will begin the fixing process by proposing a price near the current gold spot price. The participants then simulate the result of trading at that price.
Gold prices (US$ per troy ounce), in nominal US$ and inflation adjusted US$ from 1914 onward. Price of gold 1915–2022 Gold price history in 1960–2014 Gold price per gram between Jan 1971 and Jan 2012. The graph shows nominal price in US dollars, the price in 1971 and 2011 US dollars.
English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
The HUI-gold ratio is an expression which compares the relative quantities of the NYSE Gold BUGS Index and the price of gold. The ratio is calculated by dividing the value of the NYSE Gold BUGS Index by the price of gold. [5] Investors use the HUI-gold ratio to illustrate the ever-shifting relative strength of the gold stocks versus gold. [6]
This holds even more so with stocks, [2] oil [3] and gold. [4] This price volatility appears to occur in cycles and is caused by a myriad of factors. The chart to the right is an attempt to overlay the prices of housing, stocks, oil and gold by normalizing the price streams. Normalizing is achieved by applying a discounting formula which ...
The listed price can fluctuate once a day on week days and has a high correlation to the price of gold in dollars. Though there is a listed price, the cost varies widely when purchasing them on the open market. There are thousands of business that have listed as accepting Goldbacks, but they are free to set the value of the Goldback at their store.
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