Gold is known as an investment tool that is always profitable. People buy gold to protect the value of its currency, which affected the risk of inflation. Because Gold is known to have never dropped the price, then it is better to protect the value of their assets.
In the commodities market the term "Loco" means "in". Derived from the Latin locus meaning place. Loco London represents the basis of trade and settlement of international gold and silver in London. Implementation of this market under the auspices of the London Bullion Market Association (LBMA).
In London, gold and silver are traded by members of the London Bullion Market Association (LBMA), supervised by the Bank of England. Most of its members are international banks or bullion dealers and refiners some giants.
In 1975, America New York Commodity Exchange COMEX began trading gold forward, a central forward trading of gold. Now, the New York gold futures market in London replaces status in regulating the price of gold. The reason why this is happening? New York Mercantile Exchange handles transactions metals and energy products and other commodities worth billions of dollars that are traded on the stock exchange and also by using an electronic trading system better.
Commodities are traded in New York include: Aluminum, Coal, Copper, Crude Oil, Electricity, Gas, Gold, Oil fuels, natural gas, Palladium, Platinum, Propane, Perak.
New York Mercantile Exchange - Indonesian Wikipedia, the free encyclopedia
In Indonesia, the gold value of the transaction approved by Bappebti accordance with Decree No 72 September 2009. Officially these transactions traded by buying or selling gold contracts in accordance with the standard size of the world, ie per 100 troy ounces per lot or equivalent to 3.1 kilograms of gold.
In general, if someone says to buy or sell a lot on gold contracts, these individuals will have the same transaction as someone who buys 24 K gold weighing approximately 3.1 kilograms (worth nearly $ 1 M.)
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