Gold is considered a universal trading commodity which is likened to timeless money. It can be traded in various manners such as cash payment through bank wires as well as cashier’s check with an immediate delivery. These transactions happen frequently everyday where the agreed price benchmarked is known as gold’s “spot” price or “cash” price as commonly called. Many traders of gold insist on a minimal ounce per transaction at any spot price. A common mistake made by new or novice investors trading gold is referring to the futures price of gold rather than the spot price. The … [Read more...]