Monday, May 2, 2011

How Much Per Ounce?

When we speak of gold the very first thing that comes in our mind is this yellow, glittering and valuable material that a person can have. If you look at the price of gold on the internet today, you will know how much you get an ounce of it, a staggering $1,636.81! Yes, that much! How do I know this? Because I did try to search for a ggold price out of curiosity. You can do it yourself too by entering the search keyword gold prices, gold spot or gold price.

Here is a bit of information from the website I just visited, this for you to know...
The spot gold price or the price of gold is set or "fixed" in London by a group of 5 banks. Gold prices being fixed began on September 12th 1919 origionally by gold bullion traders and refiners of that time. The gold price is set and designed to provide a recognized rate that is used as a benchmark for the majority of gold products current gold prices and derivatives throughout the world's markets. Gold prices are currently fixed in U.S dollars, euros, and british pounds. The price of gold is fixed twice a day by telephone, at 10:30 GMT and 15:00 GMT.

1 comment:


This about GOLD i s so interesting and your post it's so enlighting. Very interesting. I also love your small bananas, here in SAm. we love them too and there's so many ways to make delish things! Come over, you're very welcome! You have a pretty family and so are you!...I think you get a kick out of your blog photo! hahahaha


Related Posts Plugin for WordPress, Blogger...