Spot prices

Westminster Mint provides free real time price quotes on gold, silver, platinum and palladium. People interested in the precious metals market can follow the prices and see trends develop 24/7 on the world market by using our free current and historic price charts and graphs. Track your holding and measure how you are performing against other commodities and stock market indexes such as the Dow Jones, S&P 500, S&P Euro currency, Crude Oil and the U.S. Dollar. You get access to exactly what you need to know-when you need to know free and in real time.

Thursday, November 12, 2009

GOLD BUYERS WHO DIVERSIFIED WITH SILVER SHOWED DOUBLE GAINS

On our blog posted Monday April 13, 2009 we asked how investors would do if they bought 1 oz and gold and diversified by also buying 72 oz of silver.

Gold was then $1,039 an ounce silver was $14.33 and the gold silver ratio was 72.1

The gold investment was 2,078 and is now worth $2,226.80 + 7%

The gold and silver investment was $2,070.76 and is now $2,379.88 + 15%

Investors who only buy gold and silver bullion might want to consider that they could have turbo charged these returns by further diversification into numismatic quality, certified collector coins. The 2008 $25 American Gold Buffalo Certified First Strike PR70 DCAM rose from $1,200 to $1,700 for a 41.7% gain according to the PCGS price guide. This is a 24kt gold coin weighing half an ounce that was certified perfect 70.

No comments:

Post a Comment