[GNC] Price of gold

[Adrien Monteleone]

But there is a premium on top of that.

Regards,
Adrien

> On Apr 8, 2020 w15d99, at 12:36 PM, Les <lelliott5 at gmail.com> wrote:
> 
> Eric:
> 
> There are 480 grains per troy oz.
> 
> So you can convert your Sovereigns using the above
> 
> On 4/8/20 12:18 PM, Eric Coates via gnucash-user wrote:
>> 
>> Adrien
>> 
>> OK. Now that I understand where GnuCash's gold price comes from I've come to the conclusion that what I called the "retail price" of gold is a mirage!
>> 
>> My gold is in the form of Sovereigns (each of about 7.5gms) and I guess that the only reliable way to get a value of it is by offering it for sale.
>> 
>> But I now know more than I did when I woke up this morning which can't be bad. Thank you
>> 
>> Eric
>> 
>> A note for Long:
>> It was your question about realised and unrealised losses that got me thinking (you used "gold" as an asset). I think, unless you actually have real gold, this thread is best ignored - except as an intellectual exercise. I do hold gold (in modest quantities) and that's how I'm thinking of this thread.