If you are new to investing in precious metals, you may be just starting to do some research, and be learning new terms every day. One of those is likely the spot gold price. What is it? Why is it important? What does it mean for your investments?
Quite simply, the spot gold price is the current trading price of gold per troy ounce at any given point. It fluctuates daily and is often quite high when compared to other precious metals such as silver. This line of thinking leads people to believe that in order to invest in gold, you must be super rich. This is simply not true. Continue reading