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Precious Metal Prices

8 comments

Reading time: 3 – 5 minutes

SPOT PRECIOUS METAL PRICES

Metal prices can vary widely in the spot market. The gold price, silver priceplatinum price or palladium price are shown below. 1 troy ounce = 31.1034768 grams. The 200DMA is the 200 day moving average. The Relative number is the current price divided by the 200DMA. As I discussed in 200 Day Moving Average – The Pull Of Gravity, this shows whether the metals are cheap, average value, expensive or really expensive. The goal is to buy low and sell high.
metal prices - gold price
metal prices - silver price
metal prices - platinum price

metal prices - palladium price

METAL PRICES DATA

RunToGold.com metal prices are provided by a data feed from GoldMoney.

Metal prices are sometimes referred to as world metal prices, New York metal prices, London Metal Exchange metal prices, spot metal prices, market metal prices and bullion prices. These metal prices are indications of the current trading prices for one troy ounce of silver, one troy ounce of gold or one troy ounce of platinum on world exchanges.

The metal prices used in the gold price charts, silver price charts and platinum price charts on Run To Gold are the 24 hour Spot Gold Bid Price, 24 hour Spot Silver Bid Price and 24 hour Spot Platinum Bid Price which are discovered in New York, London, Hong Kong and Sydney. These metal prices are quoted in Federal Reserve Note dollars (FRN$). Throughout the world the metal prices are often displayed in currencies other than the FRN$ and are converted into the local currency.

Like all metal prices, the gold prices, silver prices, platinum prices and palladium prices reflects the inherent value of gold, silver, platinum and palladium and the relative strength of the fiat currency. For example, the FRN$ metal price of gold may increase more in percentage terms than the gold price in Euros. The reason would be that the change in metal prices is a reflection of FRN$ weakness against the Euro and would not be the result of the change in the intrinsic value of gold based on the gold market fundamentals.

Run To Gold metal prices charts are updated every 1 minute for both the live gold price charts, live silver price charts, live platinum price charts and live palladium price charts. The 50 day and 200 day moving average prices are the sum of the average metal prices for the most recent 50 or 200 trading days.

CONCLUSION

The monetary metals of gold, silver, platinum and palladium are a great way to store wealth and can be used to perform accurate metal calculations of value using tools like the Numeraire spreadsheet. Now is a great tim to buy gold, silver, platinum and palladium.

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8 comments

ABOUT THE AUTHOR: Trace Mayer, J.D., author of The Great Credit Contraction holds a degree in Accounting, a law degree and studies the Austrian school of economics. He works as an entrepreneur, investor, journalist and monetary scientist. Follow him on Twitter. This is merely one article of 241 by .
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{ 7 comments… read them below or add one }

1 Gordon September 25, 2010 at 10:26 am

What “Relative Number Ratios” do you use to show whether the metals are cheap, average value, expensive or really expensive?

Also, to make your value assesment symmetrical, at what point would you consider the Precious Metals to be Really Cheap?

Really Cheap = less than ?
Cheap = between ? and ?
Average Value = between ? and ?
Expensive = between ? and ?
Really Expensive = greater than ?

All the best to you and your family,
Gordon

2 Trace Mayer, J.D. September 26, 2010 at 8:32 pm

Hi Gordon,

That is an excellent question. I attacked that issue in 200 Day Moving Average – The Pull Of Gravity. I have added the link to this article.

Thanks.

Trace

3 Shane April 4, 2011 at 8:11 pm

Trace,

I am really liking your site. Just a quick question…

Should I be waiting until the RELATIVE is (CHEAP) ?

Please advise.

Regards,

Shane

4 Trace Mayer, J.D. April 4, 2011 at 9:30 pm

Hi Shane,

Thank you. I am glad you find the site useful. When it comes to the relative price I use it mainly as an indicator of value. I like to buy when things are really cheap. That being said, in the current environment with quantitative easing it is getting extremely difficult to assess value because price and value are pretty much completely disconnected now as I talked about in an interview with Bill Laggner. It really comes down to your own risk and utility preferences. Everyone’s situation is unique.

5 Amrit Gill May 9, 2012 at 7:56 pm

Just wanted to say that your Site is very informative.
Thank yoj

6 GoldBugJoe January 12, 2013 at 12:46 am

It seems like a good strategy when making consistent monthly purchases to analyze which of the metals are over or undervalued against one another and to look at a longer term perspective in the same way as to maximize your holdings.

7 LAWRENCE June 13, 2013 at 3:39 pm

I think it was one of your articles I was reading, but I can’t find it again. It was about storing one’s own gold. Anyway,in your closing remarks you cited the benefits of the Krugerrand as such an investment. Can you guide me to the article or perhaps restate your advice in a brief answer. Thanks for your help.

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