November 7, 2014
At Dallas Gold and Silver Exchange, customers ask a lot of questions about precious metals. We asked our Director of our Precious Metals Trading Department, Robert Burnside, ten of our most frequently heard questions.
Q: What does “spot” mean?”
A: The spot price refers to the current trading price or market value of a precious metal.
Q: How are the gold and silver markets going to move in the future?
A: While no one can predict the future, the precious metals markets have factors that play into their future ---- Global economics, geopolitical and safe-haven buying all contribute to how the markets will do over the next few years.
Q: What are your prices based on?
A: Our trading prices are based mo ...