Metal prices can vary widely in the spot market. The gold price, silver price, platinum price and palladium price are shown below. 1 troy ounce = 31.1034768 grams.
The goal is to buy low and sell high.
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.
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.
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 time to buy gold, silver, platinum and palladium.
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