First published by Money Metals here: https://www.moneymetals.com/news/2020/09/17/what-is-the-price-of-gold-002127

When someone asks what the price of gold is, the answer depends on which gold market he means. In most cases, the different gold markets are close enough that the minor differences are insignificant. TV news anchors just want to know if the price is in a major trend, up or down (up). Old Uncle Ernie could be reminiscing about the bull market of the 1970s and comparing the price back then to the price today (spoiler: it’s higher today).