Posted 3/27/2020 13:46 (#8143349 - in reply to #8143293) Subject: RE: How do you price precious metals going forward
20 Miles West of Indianapolis Indiana
Think of it as “basis”. And “retail value”. Corn on the CBOT May be $3.50, but to sell it to an elevator may be $3.60 because of increased local demand. And to buy it from the elevator may be $3.75 for storage and handling. But to buy it bagged (or processed) at Rural king May be $5.00/50#.