How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Stephen G. Your Own Question

Stephen G.
Stephen G., Sr Financial Expert
Category: Finance
Satisfied Customers: 4047
Experience:  Extensive Experience with Tax, Financial & Estate Issues
30050794
Type Your Finance Question Here...
Stephen G. is online now
A new question is answered every 9 seconds

Is the NY commodity exchange the right place for

Resolved Question:

Is the NY commodity exchange the right place to go to get the spot price for gold? If so how does one do that?


 


Is it the same as:http://money.cnn.com/data/commodities/


?

Submitted: 11 months ago.
Category: Finance
Expert:  49erLBSU replied 11 months ago.
There are many sites online such as the one you mention such as Kitco etc. Researching today sites that have the reputation worldwide for accurate pricing and have listed them below for your research:

1. World Gold Council: http://www.gold.org/

2. Financial sites such as CNN Money, Bloomberg etc are quality sites from which to get pricing as well.

Expert:  Stephen G. replied 11 months ago.

Hello, my name isXXXXX & I'll be helping you today. My goal is to give you a complete & accurate answer that you can understand.

 

The site moderator has asked me to respond to your question.

 

Here's a link to a webpage that gives the "NY Spot Price of Gold" on a 24/7 basis.

 

http://www.pmbull.com/gold-price/?gclid=CK-e5LXLnroCFa19OgodfTsAHQ

 

If you have any further questions, please let me know.

 

Steve G.

Customer: replied 11 months ago.

unfortunately, the link you sent me "price of gold" takes me to smartshopping.com, which is malware. I have been trying to get rid of the malware for the past two days and have not yet suceeded.


 


Please spell out, if possible, the actual www.xxx of the link .

Expert:  Stephen G. replied 11 months ago.


Hmmmmmmm------------Sorry, I don't get that result..................I didn't give you a simple "price of gold" link. The link I intended for you to use goes to the P.M.Bull website, which doesn't contain any Malware that I've experienced.

Current Gold Price: 24 Hour Spot Gold

The current spot gold price is $1334.5 per oz at 2013-10-23 11:17:32 EST. Live, real time price chart:

I haven't had any malware problems with that site, or of course I wouldn't have given it to you. Maybe there's a pop-up hidden on your computer or something. I have no idea. I've copied what I get from the website as far as the spot price when I checked it a minute or two ago. Hope this helps.

If you follow the 1st link above you'll go directly to the current spot gold price.

I've used it repeatedly today & in prior instances with absolutely no problem, no "Malware" what-so-ever. Hope this helps.

 

Steve G.

 

 

Customer: replied 11 months ago.

Neither you or the site referred me to has malware. It is my browser who is skulldedging me. Thank you for the PM Bull website. I am still not clear. are their quotes identical to the NY Commodity Exchange?

Expert:  Stephen G. replied 11 months ago.

Thanks for clearing that up re: the Malware.

That's last question is a different one from your original question which was is whether or not the NY Commodity Exchange was the "right place" to go to get the spot price for gold. I think both of us (experts) presumed that you were looking for a reliable place to get the spot price of gold not whether or not the NY Commodity Exchange was the "proper" place to go. I believe that depends upon who is trading and on what exchange they are talking about. I guess you could simply compare the two sites to the NY Commodity Exchange spot price at any point in time and see how they compare. I think you may find them identical as the sites probably use the NY Commodity Exchange, whenever possible, to report the spot price on their own sites.

Of course, if you were to inform us of what purpose you are planning to use the spot price of gold for, we could be more specific as to whether or not the NY Commodity Exchange quote of the spot price of gold was the appropriate source for your purposes. I doubt that you will find any substantial (in this case extremely small would be substantial) difference between the quotes if determined at the same time at the PM Bull Website & the NY Commodity Exchange Website.

Hope this helps.

If you want to contact me again with any tax or financial questions, you can just ask for "Steve G" at the beginning of your question. Thanks again for using us for your tax and financial questions. You may get a short survey from the site; if it isn't too much trouble I would appreciate it if you would answer it; the survey results are used to rate our performance;

.
Customer: replied 11 months ago.


My original question: "


Is the NY commodity exchange the right place to go to get the spot price for gold? If so how does one do that?"


 


I am specifically interested in accessing the NY Commodity exchange because the coin dealer says he bases his prices on that. However the print out he showed me quotes the "Certified Asset Exchange Inc.".Are these two exchanges the same? I stil would like to access the NY commodity exchange.


 


Thank you for your time and trouble

Expert:  Stephen G. replied 11 months ago.
No. They are not the same. "The Certified Asset Exchange Inc." is a data mining company and you can access their website at:

http://www.zoominfo.com/c/Certified-Asset-Exchange-Inc/345397473

The NY Commodity Exchange actually refers to the commodes listed on the "New York Mercantile Exchange (NYME)".

I would suggest that you compare the price the coin dealer quotes to the spot price listed on the website I gave you (P.M. Bull website) as the spot price of gold reported there is the price from the NYME.

The NY spot price of gold is THE spot price of gold in NY; there is only 1 spot price.

Of course, it is possible that the London spot price, at any point in time, may be different from the NY spot price; but the variation would normally be minor.
Stephen G., Sr Financial Expert
Category: Finance
Satisfied Customers: 4047
Experience: Extensive Experience with Tax, Financial & Estate Issues
Stephen G. and 2 other Finance Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Rakhi Vasavada

    Financial and Legal Consultant

    Satisfied Customers:

    2073
    Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
< Last | Next >
  • http://ww2.justanswer.com/uploads/RA/rakhi.v/2012-7-3_14374_RakhiVasavadaL.64x64.jpeg Rakhi Vasavada's Avatar

    Rakhi Vasavada

    Financial and Legal Consultant

    Satisfied Customers:

    2073
    Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    1890
    More than 5000 online tutoring sessions.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    1755
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg JKCPA's Avatar

    JKCPA

    CPA

    Satisfied Customers:

    838
    Bachelors degree and CPA with Accounting experience.
  • http://ww2.justanswer.com/uploads/starside8/2010-2-16_55433_DSCN1175.JPG Eric's Avatar

    Eric

    Financial Manager

    Satisfied Customers:

    558
    Loan servicing, counseling and real estate expert. Foreclosure Expert and Financial Planner.
  • http://ww2.justanswer.com/uploads/FA/fastfile/2011-12-15_23139_Klein2011small.64x64.jpg R. Klein, EA's Avatar

    R. Klein, EA

    Accountant

    Satisfied Customers:

    397
    Intuit Ask a Tax Expert. QuickBooks Certified Pro Advisor (all editions)
  • http://ww2.justanswer.com/uploads/dkaplun/2009-05-17_173121_headshot_1_2.jpg Dimitry K., Esq.'s Avatar

    Dimitry K., Esq.

    Attorney

    Satisfied Customers:

    324
    NASD Licensed Rep, 1997-2001, Business Attorney