To sell gold to Portland gold buyers a person must understand how the system works. The people purchasing gold and the ones selling it have to understand that the gold business is nothing more than a strategy. To get the most out of the gold a person must sell the gold at the right time. Desperation and impulse selling/buying is not the way to get the most out of a sale. Clear heads prevail. To understand how the system works a person must understand commodities. This is the only way to truly understand the market. Understanding commodities will mean understanding spot prices. Spot prices mean understanding how gold trading works.
Commodities are the things a person can trade for money such as gold. Other things a person can trade on the market are agricultural products, industrial products and precious metals. Examples are corn, hogs, wheat, cattle, natural gas, copper, crude oil, zinc, gold, copper, platinum and silver. These items for trade are used in commodity exchanges. These are places where it is alright to trade. It's like a New York stock exchange or an open market in London but for commodities. Most of these exchanges can be tracked online. Going to a commodity exchange is where a person can look for spot prices. A person can look there for a live market price and then spot whether the price goes up or down. This will give a person a range to work with. After days of looking around for a steady price a person can make a decision on whether to trade or wait for a better price.
Commodities and spot prices are interchangeable words that almost mean the same thing. A person can use commodities to get a spot price. Commodities are the items that set the expectations of how prices will change in the future.