Which stock ticker for gold?

[readytorock]

I just purchased a 1 oz. Gold coin (prices at the moment too good to pass up), I want to enter it into Quicken, which ticker should I use to track its value?

Thanks.

[Broken Arrow]

Er.... I don't know if there's a ticker for an actual gold coin....

Perhaps this can be used as a reference? I'm not sure because, at most, I just track GLD....

[readytorock]

Thanks, I was using GCZ8 but noticed that's a "futures" ticker, which I don't understand. This is all new to me.

I see my newspaper reports on Gold every morning, and it's the price per oz. I just want to know where they get that number and if I can track it in Quicken's Investment tab.

[kork13]

Most commodities (all? idk..) are traded in futures. This is the price of the commodity for delivery on [this date]. Oil, gold, etc. are that way. What your paper likely does is it selects a single timeframe, such as the next month, and reports the 1-month futures price.

A "future" itself is basically a contract of that delivery. When someone buys a future, they buy the contract that the commodity will be delivered for the price which was previously determined.


(Everybody, if I misinterpreted this, please correct me)

[poundwise]

Many such reports give the New York Spot Price as of the close of the market the previous day.

[Broken Arrow]

This link might be easier to read than the first one I provided, and they're both based on the London Gold Fix, which is as far as I can tell, how a Troy Ounce of gold is valuated.....