Lately we have been seeing much more evidence of manipulation of the market for metals, gold and silver especially. Those who have been following GATA and others like that are well aware of this. Recently we have also been noticing an increase in the disconnect between the spot price and the actual price of bullion. This brings up an interesting question: should we base expected pricing on spot, or is there another method we can use for price discovery?
As I was writing the above, I did a little searching. Right away I found this: PRECIOUS METALS PRICE DISCOVERY by David Morgan.
In the article, Mr. Morgan references a website that attempts to discover a better price for gold and silver by using recent prices on eBay. Here's the links:
I am going to try to see if we can display the prices on our site, as well as get the pricing information programmatically so as to be able to use it live on the website. Imagine being able to run price conversions on the website, or buy/sell using better pricing than the spot market provides.
So, what do you think?