The market price of an ounce of gold is most commonly expressed in the "spot price" of gold.
The spot price of gold is the price of a troy ounce of gold. The spot price is the price a buyer should expect to pay for an ounce of gold for immediate delivery.
It should be noted that individual buyers cannot generally obtain gold at the spot price. This is because gold is available to buyers in various forms, such as coins and bars, which require fabrication and transport. The added cost of fabrication and transport, plus mark ups for dealer profits result in a price greater than the spot price.
The spot price of gold is available to idividuals in a wide variety of media. It has been quoted in newspapers, from The Wall Street Journal to your local business section, each day for decades. It is reported on various business television news networks, such as Bloomberg, CNBC and Fox Business Channel. The spot price is also reported occasionally on radio news programs.
And, of course, the price of gold is available from many sources on the internet, including ITM Trading's web site at ITMTrading.com. ITM Trading provides free current price indications for Gold, Silver, Platinum and Palladium. In addition to current price indications, ITM Trading shows the change from the previous New York market close and the Afternoon London market "fix" ("PM Fix).
Note that the gold market never sleeps. Gold is truly a currency without a country in that it trades somewhere 24 hours per day, 7 days per week. Active gold markets exist in Chicago, New York, London, Zurich, Istanbul, Dubai, Mumbai, Hong Kong, Shanghai, Tokyo, Sydney and elsewhere. Gold is usually priced in US dollars in most quotes published in the media, but it is often quoted in the local currency in these various locales and, due to changes in the relative value of international currencies, the value, and even direction of movement, of the price of gold can vary from locale to locale.
For instance, during the "Asian Contagion" of 1997-98, the price of gold in many Asian currencies rose sharply, even while it hit multiyear lows in terms of the US dollar.
Still, for most Americans, the spot price of gold expressed in US dollars is the ideal gauge of activity in the gold market.
At this point, one might be wondering about the "PM Fix," sometimes referred to as the "London fix."
London has historically been one of the world's financial centers of gravity. This was especially true of the gold market during the height of the British Empire. Not only did the sun never set on the British Empire, but the sun never set on the gold market either.
For that reason, the price of gold in London has always been an important benchmark for the gold market. Starting way back in 1919, the five major members of the London gold exchange met to settle the price of gold at the open and close of the market.
The fixing was suspended between 1939 and 1954 due to World War II and post-war government controls on the price of gold as a result of the Bretton Woods agreement.
Even today, the price of gold is fixed in London at the open of the market (AM Fix) and the close of the market (PM Fix) by the five largest members of the London Bullion Market Association (LBMA). Those members are Scotia-Mocatta, Barclays, Deutsche Bank, HSBC and Societe Generale. This London fixing is still the primary guide off of which the other gold markets around the world guide.
Wednesday, December 16, 2009
What is the Market Prices of Gold Per Ounce
Wednesday, November 4, 2009
Tuesday, November 3, 2009
Rank For Competitve Keywords in Google Organic Search Results with Videos
As more and more businesses and websites find their way online, search engine rankings have become the new Wall Street jungle. High placement on major keywords can be gold to businesses as the traffic they generate can mean millions.
For many websites the power larger websites hold with more resources and more money can be overwhelming. You have a weapon to get to the top of Google rankings for competitive keywords. The answer is videos and especially Youtube.
Youtube was bought my Google and shows up exceptionally high in Google organic rankings. Do a test. I bet you that for just about every major keyword there is a video showing up on the front page. If there isn't one than this is an opportunity I would jump on as if you don't someone else will?
Since, I have know sold you on the power of videos the following are three steps you can do to make high quality videos that will get you to the top of Google natural search rankings.
3 Tips to Making Videos for Search Engines and the Viewer
Interesting
Your video has to be interesting at some level. It won't do you any good to get it ranked if no one wants to watch your video. Figure out a way to make your video entertaining, demonstrate a helpful solution, or be funny. If you create a funny video that makes people want to send it to their friends it won't matter if you are an accounting firm since hundreds of thousands of people could potentially see it.
You only have to be interesting for 2-3 minutes. Any past 3 minutes and you will start to lose your audience's attention. If you have more to say or think you are that funny cut the video up into segments and now you have more videos to post.
Credibility
Take the time to do right. If you are nervous the first time you shoot; start over. Watch your video back for mumbling or parts that are hard to hear. Remember that this video will represent your brand you want to make it of quality.
Quality doesn't mean you have to hire a film crew. You know the difference between representing yourself well and something you are not proud of. Remember getting traffic is only half the battle.
Also, be honest with yourself. If you are little dry find someone who can articulate your points clearly and with energy. Think about the types of people that engage you and use those people as your spokesperson in your video.
Titles How you title your video is the most important. It won't matter how great it is if no one sees it. Your title has two purposes. First, it must be keyword driven. Keywords are what search engines are picking it and those keywords are the terms you want your video to rank for.
Keyword stuffing it won't work. Think about creating a new video for each keyword phrase that you want to rank for.
The second aspect is you have to capture the attention of the person to want to watch your video. Look at newspaper headlines as they are a prime example of how grab your attention.
Tuesday, October 13, 2009
How to Fix the Air Conditioning in a Car
Air conditioner in car has become a necessity these days. It is very difficult to travel in a car without an AC in scorching heat. The car AC is very small and the designing and the functioning is completely different from that of the air conditioners used in offices and homes. There are two sides of an air conditioning system of a car, viz high side and low side. The compressor of the AC begins at the high side, and performs the functioning of the pump. The refrigerant is moved through the system with the help of the compressor. The expansion valve is there at the low side, which restricts the flow of refrigerant. This helps in reducing the temperature and the pressure of the refrigerant.
The car air conditioner works almost like a refrigerator and has a multi-component piece of machinery. The warm air is removed from the car and the cool air is pushed inside the car. This helps in maintaining the temperature of the small space in the car, and moderates the area.
There may be times when the AC in the car stops working or does not give effective cooling. A repair is required at this stage. Each and every car is made of different design and model. But, the basic functioning of the AC in most of the cars is the same. The basic problems with the car air conditioner and the basic ways to fix the problems of car air conditioner have been listed below:
Absence of cool air and improper cooling are the signs of problems with respect to the car air conditioner.
In order to diagnose the problem with your car air conditioner, it is very important to have proper information and knowledge of the different parts of the car air conditioner. There are five components of the car AC viz the compressor, the condenser, the expansion valve, the refrigerant, and the dryer or evaporator.
It is very important to understand the functioning of all the parts so that the right action can be taken in case of any problem.
The refrigerant is pumped out through the compressor. The compressor acts as a power unit of the car air conditioner.
The condenser performs the function of changing the refrigerant to the liquid form.
The liquid formed through the condenser is converted into cold air with the help of the evaporator or the dryer.
There may be some pressure on the condensed refrigerant. This pressure is removed with the help of the expansion valve and moved into the evaporator.
In case of ineffective cooling, check the refrigerant for any kind of leakage. A fluorescent dye that is readily available at any auto part shop can be used to check the refrigerant. Autozone or NAPA can be used as the fluorescent dye.
The instructions given on the pack of the dye that you purchase should be followed completely and carefully. In most of the cases, the dye is added through the low pressure A/C recharge port that is found on the canister of the air conditioner of the car.
Use the U/V light to check for the leakage. In case of leakage of the refrigerant, the refilled kits can be bought from any auto supply store. These refilled kits are sealed and the replacement can be done by anyone at home.
In case this is not the problem, check for any kind of problem with the fuses, wires, and fan belts. The fuse may have turned bad. The wires might have broken, and the belts of the fan may have got damaged. All these problems may be creating trouble with the functioning of the pump. In case of any problem with any of these parts, get the parts replaced to ensure proper functioning of the car air conditioner.
The air conditioner should be tested after making any kind of repair done by you.
In case one has tried all the above methods to make the AC function properly, and even after replacing all the parts, the AC does not function properly, then there is a need to call a professional.