How in the Wide Wide World of Sports, do you defeat the KRIMEX-Fraud-by-The-Number
PRICE PAINTERS, who, IMO, publish FALSE PRICE DISCOVERY ? Well that is simple to think about, Conceptually. Find out where in price Real Gold Changes hands. Simple ? But of course, but when it is so much easier to look up "SPOT GOLD", the KRIMEX is free to use its
Paint-The-Fraud-By-Number, due to its wide distribution. Ask yourself this, even globally.
What grocery store does not carry at least 1 KRAFT product ? Hardly none, right? OK, so why ?
DISTRIBUTION. They got the Distributors, and Distribution channels, just like the KRIMEX.
Now take normal human behaviour. Put food in front of me, I eat it. Maybe after I ask if it is GMO.
KRIMEX is no different.
So just like GMO products, they can poison their price Komix Kuotes dollar at a time, surpressing price trends, skewing what trend look like, changing uptrends into flat, flat into down, etc. So many of us have been here so long that "down looks like up".
Now I have two sources of unbiased Gold Transaction prices. One is a Gold ETF traded in Canada, that provides for delivery. The other is a US Coin Seller that sells (reliably) US American Gold Eagles, with free guaranteed delivery in the USA. With the Canadian Gold ETF, we adjust for the Canadian Dollar against the US Dollar, and in the case of the AMERICAN GOLD EAGLE subtract a 1% differential for a Seigniorage fee (coining the metal, the Mint's net profit).
So the Canadian ETF's price at Noon Today, was 1380 about, after adjustment of US Dollar differential. The Modern Coin Mart price for Random, or 2014 or 2015 Gold Eagles, was about 1397, about a 1.2% premium, so we can say, reasonably that the REAL GOLD EQUIVALENT PRICING is about 1380 +/-, for gold that has changed hands and can be delivered. That is a REAL GOLD PRICE to me, and what I will attempt to publish here on a daily or twice weekly basis on the SIDEBAR under REAL GOLD PRICE. Once I have a month of data, I will publish a chart to reflect this pricing.
Here is the current weekly chart of the Canadian Deliverable Gold ETF, MNT.To
1382.36 U$D 1540 hours Eastern
REAL GOLD PRICE