Now there is a blackberry app for the spot prices of Gold and Silver on Ounce.Me. The mobile enabled application to allow individuals to check on the spot price of Gold, Silver and it even includes the all important Gold / Silver ratio. Which is completely viewable right at the coin shop. Literally one can see if someone is “ripping you off” in real time.
If the coin dealer say “the spot price of Silver is $25 dollars” but your app is showing the real time exact spot price of $29.43, you know you are getting the shaft for $4.43 per ounce.
The same applies to individuals that go to any “we buy gold” shop and they state that the spot price of Gold is $1,302 when in reality it’s exactly $1,322.00 that’s an additional $20 dollars that belongs to you.
This is a must have app for any coin dealer or any individual that deals with silver and gold bullion. It’s also a must have app for anyone that wants to sell to these establishments. The point is it provides a clear cut non-arguable spot price that finally buyer and seller can use as legitimate starting point for the buying and selling of Gold and Silver.
As far as we know, there is no app like this anywhere, and all blackberry users finally can trade with full understanding of what the spot price is. All other mobile users (such as iPhone users and Android users) can of course navigate to the http://www.ounce.me website and view the fully mobilized real time spot prices of gold and silver as well.
Free Enterprise is amazing huh? This might be the first time in history that both buyers and sellers of precious metals are able to see the exact spot price in any location at any time.