Is that 635.80 a pound or one contract, if so how many pounds in one contract? What websites are good at learning the different commodoties and how they sell on the market.
Thank You
2006-12-28 12:18:27 · 7 answers · asked by George 3 in Business & Finance ➔ Investing
The price is price per ounce.
You can buy or sell any amount of gold in the spot market. The contracts in the futures market are standardized. One contract at the CBOT is for 100 troy ounces of gold. There are other contracts.
See the link below for more details.
2006-12-28 13:40:46 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋
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2015-01-24 10:06:40 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The US Dollar is Collapsing and China is Dumping 1 Trillion Dollar and other countries are going to stop using the US Dollar so The price of the gold will go UP & UP & UP. You better think to invest some of your money in the Gold & Silver before the US Dollar Collapse.
Check the news
http://www.freemarketnews.com/Analysis/134/6593/high.asp?nid=6593&wid=134
And also check for more news
http://www.freemarketnews.com
2006-12-28 12:30:19 · answer #3 · answered by Anonymous · 0⤊ 1⤋
That is the price one ounce of gold is currently selling for on the exchange.
2006-12-28 12:26:15 · answer #4 · answered by Anonymous · 0⤊ 0⤋
That is the price per troy ounce.
If you bought a bunch of it at $300, you're set.
2006-12-28 12:26:05 · answer #5 · answered by Anonymous · 1⤊ 0⤋