Trade In Gold

Frequently Asked Questions

1. QUESTION:
   How do Runescape gold companies trade gold in game?
   I want to know how Runescape gold companies trade large quantities of GP to other players, breaking the fair trade policy. I know these trades go on, so dont say its impossible to get around the fair trade. Also, I dont play this game, just trying to transfer my money to my little cuz account. Thanks.

   • ANSWER:
     unfortunately there is no way to transfer your gold to your other account anymore.

     and that is for the sole reason of those gold selling sites. it's 100% their fault that jagex made the updates they did.

2. QUESTION:
   What is the best way to trade gold certificates?
   I am thinking about trading precious metals, and I was wondering what the easiest way to do it would be without having to get physical gold. I heard about gold certificates, and was wondering if they have the equivalent for silver? What is the easiest way to buy these, do they have comission fees, and how liquid is the market for them? I live in the US.

   Also, last time I posted I learned that Scottrade is an option, any others?

   • ANSWER:
     Gold and silver certificates can be traded.

     You can also trade gold and silver futures.

     Some forex brokers even allow you to buy gold or forex vs. the USD on leverage (Oanda.com).

     GOld and silver certificates do have some fee's associated with them.

3. QUESTION:
   do you have to trade Gold in full one oz units?
   Gold at the moment Gold is about55 an oz Australia dollars.Does this mean If I wanted to trade gold I would have to buy it in 55 dollar increments or can you buy it in smaller units?

   • ANSWER:
     Although bullion is commonly traded in ounces, you can find it in smaller units, for example in the US you can by 1/10 ounce coins, however the smaller the unit, the more they jack up the price. So, if gold is currently going for 1500 per ounce, you can not just go buy an ounce of gold for that price, you will end up paying 1600 or more because the seller wants to make a profit. That profit amount is what they usually refer to as the "premium" which is a % you pay over the market price. The "preimum" is higher for smaller denominations of gold. For example a 1/10 ounce coin might go for about 170 dollars right now, while a full ounce might cost 1600. So, if you can afford it, buy the biggest denomination you can.

4. QUESTION:
   How to trade gold an oil?Is it all online like stocks?If yes do brokers offer leverage like in forex?
   Is it harder to predict the price of gold and oil or the price of stocks and currencies?

   • ANSWER:
     yes it is online and no

5. QUESTION:
   Is trade gold for money good. Like they say in commercials?
   I've been wondering if trading my gold for money that is stated in commercials is worth it or not. Will I get my moneys worth?

   • ANSWER:
     Not really, they cheat you so they can sell the jewlery you give them for more but maybe worth it because good luck trying to sell it for more then they'll give you for it yourself.

6. QUESTION:
   I'd like to trade gold futures or options, but where should I start?
   I'm in Hong Kong and would like to open an account locally, or regionally. Any recommended firms to get in on the Gold markets?

   • ANSWER:
     Do you own any gold? If so hold on to it....if not, wait until the price drops (if you think it will) before jumpin in.

7. QUESTION:
   When the global markets trade gold do they actually move it or does it stay in the same location?
   A tremendous amount is traded on the global market. When trades are made does the actual gold get moved between countries or does the vast majority of it stay in the same location and just the ownership change?

   • ANSWER:
     It's all done on paper. However a country has the right to demand the gold if it so desires. But that is unlikely.

8. QUESTION:
   Can you really trade gold for cats?
   I recently received an email from someone showing a service that allegedly allows you to send in your old gold and receive cats in return. Is this really true? If so, are you restricted in what you can use the cats for as part of the terms and conditions of the service, or can you do what you want with them?

   • ANSWER:
     I have met similiar problem before, here list of sites http://webfin3.notlong.com/9AA56sF

9. QUESTION:
   what is the best way to trade Gold on forex if i live in australia?

   • ANSWER:
     Obviously, buy cheap and sell for more! The profit potential comes from the fluctuations (changes) in the currency exchange market.
     The nice thing about the FOREX market, is that regular daily fluctuations, say - around 1%, are multiplied by 100!

10. QUESTION:
    How To Trade Gold Online?
    I’m looking for some online course that can teach me how to trade gold. I have been trading stocks but I want to go into gold. I think gold is going to be a good commodity to trade in.

    • ANSWER:
      Being fed up with forex, I started to learn how to trade gold online and I’m very glad I did as I’ve made some good money.

      I have been using a simple but profitable trading system for a year. It has been upgraded a few months ago and now it is a very comprehensive gold trading system. There is even an option for EA automatic trading of gold but I’ve not yet tried that.

      I like to trade gold as gold is largely unaffected by the credit crunch and continues to give excellent profits while other markets dried up. In fact, it’s good during bad times.

11. QUESTION:
    People in Zimbabwe trade gold for food instead of money, so would it be a good idea...?
    ...So would it be a good idea to go there, and bring food/buy food and trade it for gold, then bring the gold back to the US, sell it and make a profit?
    I heard that many families pan 3 grams of gold/day, plus it would be helping out the Zimbabweians...

    Would this work?

    What are the pros and cons?

    • ANSWER:
      One has to obtain exchange control approval to export gold.
      http://allafrica.com/stories/200902250024.html

12. QUESTION:
    Is there anywhere I can trade in game gold for WoW 2 month times cards?
    I'm trying to find a way to trade the gold (or items) I have in World of Warcraft for a 2 month time card code for the game. Does anyone know where I can do this at?

    • ANSWER:
      Most people won't do this trade because they'll be afraid of getting ripped off. You should also be weary because how are you looking to do the actual trade? Someone will probably give you a bogus number and then you give them gold. They just got free gold. And no one in their right mind would give the number to you first and then hope you will be honorable enough to give the gold after it.

13. QUESTION:
    In our African trade example, western Africans were willing to trade gold for salt because?

    • ANSWER:
      salt keeps you alive. It was used in many cultures as payment and wages.

14. QUESTION:
    Where can I get pokemon in white to trade to gold early?
    I'm looking to start trading over a team to my pokemon white game but I can't find any pokemon to trade over to heart gold, any ideas or suggestions?

    • ANSWER:
      You can only do it after the Elite Four. And also, you need 2 DS, and do DS Download Play with HeartGold in it while interacting with the transfer machine in White on the other DS. You can't trade to HeartGold, you can only transfer Pokemon from HeartGold to White, but not trade, Pokemon White is a 5th Gen game, Pokemon HeartGOld is a 4th Gen game, meaning you cannot trade or battle between the two, but however, you CAN transfer Pokemon from HeartGold to White, this is not considered trading. Think of it like the 4th Gen games and 3rd Gen games, notice the similarities?

15. QUESTION:
    how to trade gold & silver in BSE, NSE share market?
    I have demat account. how to trade gold & silver in BSE, NSE share market?

    • ANSWER:
      You can NOT trade in gold and silver on BSE or NSE trading platforms. If you really wish to trade in these metals, then you must trade on commodities exchanges like MCX / NCDEX etc.

      If you wish to buy and keep gold or silver ( as metal itself ) then you can buy from various banks, jewellers etc either in real metal form or e-metal forms. SBI / ICICI Bank / HDFC Bank / and almost all other banks do sell gold in various grammage. Silver is not available with them.

      On BSE / NSE, you can trade through the ETFs specifically meant for gold and silver like UTI Gold ( goldshare ) , Kotak gold etc.

      There are no silver ETFs available in India.

16. QUESTION:
    Why does nobody trade with gold as a currency anymore?
    It seems the most stable of economic variables - They can only dig it out at a certain rate, and it doesn't need replacing like paper money. It will always be valuable.

    Could it be that if we did - banks would go out of business ?

    If it is done by weight - then it would be a universal currency overnight. - and enable a global currency that is already understood. It would increase trade too as there would be no losses in exchange rates.
    Spotty J. - If there is no need for a universal currency - Why are we all being railroaded into the Euro ?

    • ANSWER:
      Your questions is based on an erroneous assumption. There are people out there who do trade with gold as currency. I, for one, will sell you anything in my shop for gold. And I will even buy your gold at a fair price. As to the banks, they use gold, too. Much of the money (paper) loaned out today by banks ultimately is "backed" by gold, usually at about the value of .05 per 100, but none the less backed by gold. If everyone rushed the banks and demanded gold in return, the entire world economy would crumble, as our governments have intentionally expanded the money supply by printing worthless paper backed by small supplies of gold and the word of the governments.
      Personally, I prefer gold to the paper, even though it is heavy and hard to move around. The paper is much more useful for small purchases, as it is a little dumb to break a gold sovereign to buy a 50 pence lolly, getting paper in change...

17. QUESTION:
    How do I trade in Gold BeES and what is the Taxation on it?
    Can anyone help me regarding the Gold ETF - Gold BeES?

    • ANSWER:
      Trading in Gold BeES is very simple. All you need is a trading account with an NSE Broker

      A Demat Account as Gold BeES can be settled only in Demat form.
      There are no exit and entry loads but you will need to pay transaction charges to your broker. You should try and negotiate the lowest charge with the broker !!

      Since Gold BeES is classified under Mutual Fund, Investor investing in this need not pay Wealth Tax. The scheme will have Non equity Mutual Fund Taxation, applicable as per current Tax laws, which investor has to pay after redemption.
      To know more about Gold BeES you may try checking out their website: www.benchmarkfunds.com

18. QUESTION:
    Where can I trade in gold for cash?
    I have a 1/2 ounce of gold and want to trade it in for cash. Where do I go to do that?

    • ANSWER:
      Some coin shops deal in bullion. You may need to ask around. Is it coin, bar, dust, or jewelry? If it's a form they can trust, you will get the best price.

19. QUESTION:
    Is there any way to trade runescape gold with maple story mesos?
    I have 1.6 mil in runescape and i was wondering if you can transfer the gold to maple story into mesos. somebody plz answer. thx!

    • ANSWER:
      Nope, you can't the games aren't related.

20. QUESTION:
    Warren Buffet on Gold - why do we trade in gold?
    I remember reading somewhere that Warren Buffet found the whole idea of gold trading very odd, stating that if aliens came to our planet, they would find our obsession with this, almost useless mental, very odd...

    Based on this, why are gold prices so high? Why do people insist on owning gold, what security does it provide?

    Is it a historical mindset?

    • ANSWER:
      Gold is a strong store of wealth. It is traditionally used to hedge inflation or currency fluctuations. However its returns aren't particularly sexy. Since 1900 gold has returned a grand total of 55% after adjusting for inflation, that equates to an average annual return of 0.5%. Gold is also a panic trade, the belief is that in crisis times when currencies have no value, gold can be used as a replacement currency. The supply and demand for gold jewelry also has a minor effect on gold, I say minor because gold is a frequently recycled metal so supply and demand is relatively stable historically. As an investment is not a good return generator. It really tends to be a fear trade, there is no real value added or growth potential in gold.

21. QUESTION:
    I need a Partner to trade in Gold Jewelries?
    A Nigerian lady needs one to start a Gold Jewelry business with. I intend to sell the jewelries here in Nigeria and West Africa. We would talk about Payment agreement personally.

    • ANSWER:
      I don't think you will find any partners here.

22. QUESTION:
    Gold HammerBurst Code Trade For Gold Lancer Code ?
    Trading Gold hammerBurst Code for gold lancer Code

    MY AIM = BJBender91
    MY XBOXLIVE GAMERTAG = NeRvE ShOt
    OR LEAVE A MESSAGE HERE WITH YOUR GAMERTAG AND HOW I CAN GET IN CONTACT WITH YOU.

    • ANSWER:
      Do you want the Hammerburst or the Lancer?
      If you want the Hammerburst, done deal.
      Otherwise, I'm havign the same dilemma.
      Gamertag = Tagruato

23. QUESTION:
    What is the best place to open a stock trade account?
    I dont have much to start with so I need a place that has a very low minumum. I came across a site today where you can only trade on Tuesdays and you have toi sechedule your trades. I am not looking for that because I like to trade Gold and Silver ETF's sometimes daily. I am also looking for a low per trade fee. Thanks in advance for your help.

    • ANSWER:
      https://wwws.ameritrade.com/cgi-bin/apps/Main

24. QUESTION:
    How much money should I have to buy and sell gold?
    Guys Please don't say get stocks instead or don't invest all in gold or wait blah blah... I need real information on how much minimum capital I should have to trade gold? Which site/s will allow me to trade it on live gold prices?

    • ANSWER:
      To trade futures with Interactive brokers, you need about 00 per contract. Their margin requirements are usually at exchange mins, so you may not do better. Intra-day margins used to be 50% of that, may have been reduced or eliminated, I don;t ever run my acct so tight that it matters to me.

      You can use less capital by trading options and using spreads and straddles.

25. QUESTION:
    how to trade runescape gold after the update ?
    Runescape updated in Jan,but there r stilll many sites selling runescape gold.i have bought 5M off them,they traded the gold to my acc.i wanna know how they did it without limition.

    • ANSWER:
      Why don't you ask Jagex? Or ask in the forums, maybe someone there can tell you?

26. QUESTION:
    question about slave trade back during the beginning of africas empire ghana?
    i just started reading about the african empire of ghana in my textbook, and i was hoping someone could answer a question about it cuz i know my ss teacher probably wont go over it ( he isnt a very good teacher). so the textbook was describing some things they traded (gold, ostritch feathers..etc). then they said slaves. so i was wondering, did they trade their own people two become slaves? or did they buy other peoples?

    • ANSWER:
      The Ghana Empire http://en.wikipedia.org/wiki/Ghana_Empire Empire of Ancient Ghana http://www.ghanaweb.com/GhanaHomePage/history/ancient_ghana.php Images Empire of Ancient Ghana http://www.google.com/images?hl=en&q=Empire+of+Ancient+Ghana&bav=on.2,or.r_gc.r_pw.&wrapid=tlif130239471967010&um=1&ie=UTF-8&source=og&sa=N&tab=wi&biw=1020&bih=512

27. QUESTION:
    does anyone know a website where you can trade gold in guild wars for real cash?

    • ANSWER:
      that can get your account banned, just so you know. so be careful about asking about things like that.

28. QUESTION:
    if i trade gold in forex broker what am i trading ? commodity or currency?

    • ANSWER:
      FOREX (Foreign Exchange Market) is currency trading market, but most of online forex brokers also let you trade commodities and stocks via their platforms (Meta Trader 4 for example). Gold itself is considered to be commodity, so yes you are trading commodity

      BTW if you want to practice trading forex and gain valuable experiance without risking much money , i can advise you good broker to start trading with as little as 1$ "investment" (different from demo accounts, trading with real money, even as little as 1$ is way too different experience, my advise will be to give it a try )
      check out: http://www.liteforex.com/?fid=590686
      Good Luck!

29. QUESTION:
    Is there any truth to the rumor that Gordon Hinckley visited communist leaders to trade gold and silver?
    "LDS (Mormon) Church President Gordon B. Hinckley, via the church-owned Polynesian Cultural Center in Hawaii, establishes a "hard currency" pipeline with Bejing, exchanging bank "trade credits" for CIA/BRITISH MI6 DRUG SERVICES RENDERED into hard GOLD AND SILVER while hiding behind the cloak of "World Religion". This is facilitated via the LDS-Church built and controlled "Shenzhen Special Economic Zone" adjacent to Hong Kong. When Hinckley is made LDS President, his first "official" visit as "World Prophet" is to China, where the Chinese Communist leaders give him a hero's welcome and a confetti parade. (See attached paper --- "Pensees of a Puzzled Pilgrim" pp 5-6 and Desert News, June 1, 1996 article: "President Hinckley Visits China"). "
    per this website:
    http://www.rense.com/general85/give.htm

    • ANSWER:
      Highly doubt it. Highly.

      EDIT: Besides, if something like that really happened, I'm inclined to think that there would be a lot more press about it. I mean, there are a lot of other reporters that don't exactly like the church, and would be all over that, if it happened.

30. QUESTION:
    question about runescape gold trading when there was the limit?
    i have a curiosity type of question, back some time ago, before the revival of free trade, how did sites like gold4rs and others trade gold to peoples accounts, there was somethin like a 30k limit, so how did they trade mills in a matter of hours?

    • ANSWER:
      They would ask for your account information (user and password) and they would then go onto your account and make you money. Most sites bot mining or green dragons to make the money thus giving your account a higher danger of getting caught cheating.

31. QUESTION:
    Where can I trade in a gold wedding band with diamonds set in and a gold solitaire engagement ring?
    I have a gold wedding band with diamonds set in and a gold solitaire engagement ring, but I really hate gold.. Is there a place I can go to trade them in for silver ones of equal quality? I know gold is worth more these days anyway..

    • ANSWER:
      hi ,

      in both of the previous answer their is some truth if you are in the bay aria , please stop by if you are not please e mail me,
      israel
      diamonds of palo alto

      650 3221200
      diamonds@diamondsofpaloalto.com

32. QUESTION:
    If you refuse to trade your gold for money after you made a deal in the future market, can you get arrested?
    What happens to the one who decided to buy the future??

    • ANSWER:
      <<>>

      I don't think you can refuse. As I understand the rules, in order to enter into the futures contract the gold would have to be delivered to a licensed depository by an approved deliverer, and the licensed depository would deliver the gold with or without your permission.

      See chapter 113 of the NYMEX Exchange Rulebook (COMEX Division - Gold Rules).

      http://www.nymex.com/rule_main.aspx?pg=24

      <<>>

      Assuming futures contracts are handled like options contracts, your brokerage would be forced to fulfill your obligation if you are not able to for any reason. If that happened you can be sure your brokerage would debit your account and if needed sell other assets in your account to get the money back.

33. QUESTION:
    where can i trade gold dollars(coin)in for dollars(money)?
    the coins for dollars pleas ive gotten about 50 dollars worth!

    • ANSWER:
      Your bank. You know you can spend them like normal money, right?

34. QUESTION:
    pokemon d/p can you trade gold or silver version to emerald or leafgreen?
    if so how? also can u duplicate pokemon in any gba versions?
    i mean like duplicate a legendary

    • ANSWER:
      you can't trade from gbc to gba versions.

35. QUESTION:
    Why are there a lot of comericals on tv and the raido telling the public to trade their gold in for cash.?
    Hum, I wonder what they could be up to.

    • ANSWER:
      Because its time to buy and hoard gold.

36. QUESTION:
    Why is it illegal to Trade for GOLD?
    i saw an episode of '' pawn stars '' where a guy wanted to trade a rare old car for gold

    the owner said he couldn't legally trade the car for gold but gave the guy cash and then he purchased ,000 in gold

    why can't you legally trade for gold??

    • ANSWER:
      Gold as jewellery and commodity can be bought and sold everyday both in the gold and future market. There is no legal limit. But you can not take gold over the legal limit out of the country.A central bank gold reserve cannot be bought and sold by individual without license.There is no barter system in pawnshop.You get cash for your gold at the price determined everyday. And you can't use your cash to buy things in pawnshops,except the things on auction sale.

37. QUESTION:
    which cities in the united states are best suited for gold trade?

    • ANSWER:
      You can trade gold from anywhere if you have access to a computer. Doesn't matter what city you're in.

38. QUESTION:
    Can you trade Pokemon between gold and silver using the black box thing atop the GameBoy color?
    I recently started playing the Game Boy color Pokemon Gold and Silver. I don't have a Game Boy link cable so I was wondering if I would be able to trade pokemon between the two games using the black box thing on top of the game boys. this is the same black box used when you mystery gift someone in the game.
    I am only asking this because I am a big fan of the older generation games. Plus, I have a GBA link cable, but that does not work for trading between the two game.s

    • ANSWER:
      Naw you can't trade without the cord for Game Boy Color games.

39. QUESTION:
    in forsaken world how many gold coins do i have to trade to get eyrda leaves?
    i need some eyrda leaves to get this thing i want and i know that i can do an exchange. What i dont know is how many coins i have to trade to get some

    • ANSWER:

40. QUESTION:
    Reached its height in the fifteenth century, profiting from the gold trade with India and China?
    identify WHO or WHAT is being described

    • ANSWER:
      Venice

41. QUESTION:
    Can Pokemon Platinum trade to Heart Gold?
    Yes, I know they can, but what I want to know is if you need the National Dex in Heart Gold before you can trade from Platinum. I wanted to breed the starters and trade the eggs over when I restart Heart Gold. I'd rather not start my game over just to find out I can't do that. If I could get a quick reply I'd be very thankful.

    • ANSWER:
      nope nope nope and NOPE. i tried and tested it out and it worked perfectly. i think you can trade anytime w/o national dex. so yea have fun man.

42. QUESTION:
    is it possible to trade pokemon from gold to the next gen?
    Is it possible to trade Pokemon from Gold Version to the III gen games in order to get it on my DS or no?

    • ANSWER:
      saddly no and does yur gold game still work bcus for some reason my wont.

43. QUESTION:
    What is commodity trading? Can we trade in gold online as we trade stocks?

    • ANSWER:
      You can even trade gold on the stock exchange. The symbol is GLD.

      Check the online brokers' web sites to see if they have commodity accounts available. If they do, you could trade online.

      When you trade commodities, you put up about 5% of the value. If the commodity goes up 5% you double your money. If it goes down 5% you lose all your money. You will get a margin call if it drops below the required margin. If you don't pay it, they sell your position (or buy it if you sold short)

44. QUESTION:
    can i trade from pokemon gold to fire red or ruby?
    i have a mew in my pokemon gold version and i want to eventually get it to my heart gold. is there any way i could trade it to one of the gba games in order to use it in the pal park in heart gold?

    • ANSWER:
      You have the right idea. You can go progressively from the lower generation games to the higher one. However there is no way to migrate from Generation II to Generation III due to the game systems unfortunately. So the answer is no you can't. Sorry.

45. QUESTION:
    What are the best companies that I can trade in my gold?
    This would be nice to know, what i mean the best is like who pays the most for gold?

    • ANSWER:
      Your local coin shop is usually the best place to sell gold. They will sort it by karat, weigh it, and make you an offer while you watch, and if you have questions, they will give you an immediate response.
      Selling gold by mail is always a bad idea. You can't ask questions, and if you aren't happy with the offer, getting your stuff back can be a painful process.
      If you look at some of the other questions that have been asked here on this subject, make note that many of the responders are paid spammers. "www.captaincashforgold.com" is especially bad about spamming here on Y!A. For proof, check this out (and note that the person asking the question is the same person that is the other responder to this question):
      http://answers.yahoo.com/question/index;_ylt=Aq_QzSvmH5xt9Z.eSBc2Cdjsy6IX;_ylv=3?qid=20100610152807AAMlxYd&show=7#profile-info-oQelX9Knaa

      Added later: I see that the other response and the question I linked to have both been deleted by Y!A. This time, the system worked.

46. QUESTION:
    How do you trade in Shiny Gold version?
    Shiny gold vba rom. I have a haunter and want a gengar. Seems there would be not possible way becuase you cant hook a link cable or wirless thingy they gave you in firered to your computer.

    • ANSWER:
      Trade with someone in the game I know some one wants a haunter

47. QUESTION:
    Where did people trade salt/gold during Mansa Musa?
    Just what the title says, I mostly just need the name of the city. Also if possible, it would be good to have 3 different cultures commonly found in Africa(during Ghana...)

    • ANSWER:
      During the Kingdom of Mali, They traded often traded with Egypt. During the reign of King or Sultan Mansa Musa he made a pilgrimage to Mecca, present day Saudi Arabia.Kingdom of Ghana 1000 - 1400 CE, Kingdom of Mali 800 - 1550 CE, Kingdom of Songhai.Cultures or religions, mostly Muslims and Islam.
      Search the Kingdoms of Mali, Ghana, Songhai for more information

48. QUESTION:
    If things get so bad in the US that people are using gold to trade for other goods would one be better off?
    Owning gold or guns and ammo?

    • ANSWER:
      I would become friends with people with guns and gold rather than some whiny Liberals on the corner with slogans and platitudes to save their $ss.

49. QUESTION:
    Two starters up for trade heart gold?
    I can breed a Cyndaquil or a bulbasaur for trade in pokemon heart gold give me offers my email is lucario1988@live.co.uk

    • ANSWER:
      sure, my pokedex (national, platinum) is around 250, so I have a large array of pokemon I could trade you. Here are somes of the ones you might want:

      level 56 tyranitar
      level 33 torterra
      level 53 tropius
      level 61 spiritomb
      any form of evee
      level 40 omastar
      level 20 anorith
      level 54 poliwrath
      level 36 infernape
      I could breed a piplup for youo
      level 42 steelix

      my FC is 5327-8814-9705.

50. QUESTION:
    How is the price of gold index determined?
    Are there gold indexes in asian stock markets?(after all people still trade gold when the US market is closed)
    Why does the yahoo finance gold index shows only the last 5 days value?

    http://finance.yahoo.com/echarts?s=GCK10.CMX+Interactive#chart1:symbol=gck10.cmx;range=5d;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

    thanks

    • ANSWER:
      Yes

      Data storage costs money and 5 points of data are free.

      The price of gold is determined in an index according to the rules set forward by the exchange that it is traded on. Each exchange is different.