SCOTTSDALE, Ariz., Sept. 29, 2017 /PRNewswire/ -- Monetary Metals® announces that it has licensed its gold forward rate (MM GOFO™), silver forward rate (MM SIFO™), gold lease rate, and silver lease rate charts to German precious metals web site Goldseiten. The charts appearing on Goldseiten are updated daily, based on Monetary Metals' calculated forward and lease rates. Monetary Metals has developed a proprietary method of calculating highly accurate indicative rates based on public market data, and is currently the only publisher of this information.
"When we saw what Monetary Metals has done, and the quality of their data, we wanted to add it to our other graphs," said Jan Kneist, the chief editor of Goldseiten and co-organizer of the Munich Precious Metals & Commodities Show. "We used to publish gold forward and lease rates, but have not had the data since the London Bullion Market Association stopped quoting it in 2015," he added.
"GOFO is to gold what LIBOR is to the dollar," said Keith Weiner, CEO of Monetary Metals. "When LBMA stopped publishing it, the need for the information did not away. When everyone said it could not be calculated from market data, we found a way," he added.
Monetary Metals provides a comparison of its data series to the LBMA gold forward rate back to 1996, and information about how it calculates the rate. Its 6-month MM GOFO has better than 0.99 correlation to the LBMA data series.
About Monetary Metals
Monetary Metals® is Unlocking the Productivity of Gold™ by offering a Yield on Gold, Paid in Gold® to investors, and Gold Financing, Simplified™ to gold-using businesses. The company manages the Gold Exponential Fund™, which provides a way for investors to own gold and earn a yield, by trading between gold and silver. Monetary Metals publishes groundbreaking research to help investors understand the emerging role of gold as the ultimate measure of wealth, including the MM GOFO™ gold forward rate.
GoldSeiten.de has been the primary source of information regarding precious metals within the German speaking web community for more than 17 years. A pioneer and forerunner in this field, GoldSeiten serves private and institutional investors with carefully selected content and contributions that highlight future opportunities, trends, and risks. Our team of editors is assisted by renowned financial experts from Germany and abroad. This ensures constant news coverage not only pertaining to precious metals & commodities, but also to adjacent topic fields both financial and economic.
Additionally, GoldSeiten.de and affiliated sites Rohstoff-Welt.de and Minenportal.de offer tools regarding listed mining companies, funds, ETFs, derivatives and physical investments. This includes price charts, reference price lists for bullion coins and bars, and a general knowledge base. Since 2005 GoldSeiten organizes the International Precious Metals & Commodities show in Munich, the leading metals and mining trade show in Europe.
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SOURCE Monetary Metals