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Groups > misc.taxes.moderated > #31308 > unrolled thread
| Started by | Boris <nospam@invalid.com> |
|---|---|
| First post | 2025-06-14 11:25 -0400 |
| Last post | 2025-06-14 19:14 -0400 |
| Articles | 2 — 2 participants |
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Gold Boris <nospam@invalid.com> - 2025-06-14 11:25 -0400
Re: Gold prices "John Levine" <johnl@taugh.com> - 2025-06-14 19:14 -0400
| From | Boris <nospam@invalid.com> |
|---|---|
| Date | 2025-06-14 11:25 -0400 |
| Subject | Gold |
| Message-ID | <XnsB2FDB51162CEBnospaminvalidcom@135.181.20.170> |
A friend asked me about investing in gold. He wanted to know when the price of gold is quoted on sites such as finance.yahoo.com, where does that data come from. What type of gold investment does that represent? -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2011) - All rights reserved. >> << ------------------------------------------------------- >>
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| From | "John Levine" <johnl@taugh.com> |
|---|---|
| Date | 2025-06-14 19:14 -0400 |
| Subject | Re: Gold prices |
| Message-ID | <102kt32$2bm4$3@gal.iecc.com> |
| In reply to | #31308 |
According to Boris <nospam@invalid.com>: >A friend asked me about investing in gold. He wanted to know when the price >of gold is quoted on sites such as finance.yahoo.com, where does that data >come from. What type of gold investment does that represent? It's typically the price from COMEX, the major US commodities exchange: https://comexlive.org/gold/ Different exchanges have different prices but the differences are usually small and quickly arbitraged away. Keep in mind that you cannot buy or sell at that price, since dealers all charge a markup. -- Regards, John Levine, johnl@taugh.com, Primary Perpetrator of "The Internet for Dummies", Please consider the environment before reading this e-mail. https://jl.ly -- << ------------------------------------------------------- >> << The foregoing was not intended or written to be used, >> << nor can it used, for the purpose of avoiding penalties >> << that may be imposed upon the taxpayer. >> << >> << The Charter and the Guidelines for submitting posts >> << to this newsgroup as well as our anti-spamming policy >> << are at www.asktax.org. >> << Copyright (2011) - All rights reserved. >> << ------------------------------------------------------- >>
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