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Will the Real Price of Gold Please Stand Up

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GOOD BACKGROUNDER ON GOLD PRICES
Good educational backgrounder from Financial Sense: "Gold is traded around the clock and in so many places and in so many forms, ranging from the abstractions of futures contracts to the solid tangibility of rings and bracelets, that it’s not clear what the “real” price is. The question is more than a matter of curiosity, since many retail coin and bullion shops quote selling prices in terms of “spot plus X%” or “spot plus $Y.” When you talk to a dealer, what exactly does he mean when he refers to “spot”?"
SOURCE:   Financial Sense

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