5 Responses to “On the stock markets, is gold traded by the ounce or pound?”

1. Warren Says:
   September 27th, 2009 at 11:32 am

   Neither, because only stock is traded on stock markets.

   Elsewhere, gold is quoted by the ounce. The price is around $935 now.

   One way to invest in gold on the stock market is to buy shares in an exchange traded fund tracking gold. I’d suggest stock symbol GLD, Streetracks Gold Trust.
   References :

2. Your Best Bet Says:
   September 27th, 2009 at 12:13 pm

   Ounce
   But they sell shares on the stock market, not actual bars and such
   GLD is your best bet for gold stock

   cheers(:
   References :

3. jeff410 Says:
   September 27th, 2009 at 12:47 pm

   http://www.investopedia.com/terms/t/troyounce.asp

   http://www2.barchart.com/dfutpage.asp?sym=GC&code=BSTK&section=metals
   References :

4. raysor Says:
   September 27th, 2009 at 1:05 pm

   Gold is not traded on the stock exchange, hence the word stock.
   References :

5. Rob Says:
   September 27th, 2009 at 1:31 pm

   StreetTracks Gold is an ETF that invests in gold bullion. Each share is worth approximately 1/10 of an ounce of gold. The ticker symbol is GLD.
   References :

Leave a Comment