Coin Invest Charts

[Daz147]

Ok, I am sure that there is a logical explanation but has any one else noticed that the spot price for Gold/Silver in the charts section of coininvest.com are significantly different to anywhere else i.e. goldprice.org, atkinsons, at the time of writing this gold is £897 on coininvest but £880 on the other sites, this differences are also in Euro or Dollar.

[KDave]

Do they fix prices like HGM? A fix AM and PM? Even then it does not make sense being that high you are right.

Perhaps they are quoting the gold price next week? 

[Daz147]

No, I don't think it is a fix, the date and time is stated underneath and the figures change if you refresh the page, funny thing is that I don't think gold has been £897 at any point in the last 24 hours.  No wonder their prices have been creeping up

[morezone]

I just checked now and they seem fine.  £883 as I write

[KDave]

Yeah you are right again its £901 an ounce now. Perhaps it is based on EUR and converted to GBP from EUR rather than USD? Not sure if this would make any difference but can be sure they are not using the USD to GBP price for gold right now lol.

Yeah the last number on the chart is £880.75 but the 'Gold Price' box at the top states £900.19 atm. Not sure what is going on.

[morezone]

The graph is off but the table is right

[Daz147]

I think the Graph stops at the previous day, I was just confused by the high price, at least it looks like they have the correct figures, just displaying them wrong. 

[morezone]

Just for reference. Coin Invest have a 1.75% margin on the foreign currency exchange rate from € to £.  Anyone buying gold should really be paying in € as it would save 1.25% and although a small %, it does make a big difference with gold.

[Pipers]

1 hour ago, morezone said:

Just for reference. Coin Invest have a 1.75% margin on the foreign currency exchange rate from € to £.  Anyone buying gold should really be paying in € as it would save 1.25% and although a small %, it does make a big difference with gold.

Yeah but you will pay that in charges with currencyfair or do you use someone else?

[morezone]

1 minute ago, Pipers said:

Yeah but you will pay that in charges with currencyfair or do you use someone else?

Transferwise is 0.5%.  Currencyfair is marginally more for under £2000.  Since CoinInvest charge 1.75%, there is a 1.25% saving by using one of these brokers.

[Pipers]

@morezone

Thanks mate 

[shemyaza]

My Earned Gold Index (EGI) and Earned Silver Index (ESI) are watching a basket of 7 names and its most interesting as to what happens over the year. They are all in choppy seas of forward buying in rising and falling spot value product markets so they have to be very careful. They do remain quite steady on average over the months so spreading choices of coins and not focusing on one is the best way as discounting is frequent and sometimes unseen.  EGI and ESI are in essence the Premium Indexes of Gold and Silver but in a consumer viewpoint. Not the retailer viewpoint. If we the consumer wish to liquidate for many reasons, I want to know where has performed best to extract the best profit. A weak Pound boosts profit a strong pound reduces it.