Anyone thinking about how to invest in precious metals right now has been watching the plunging prices of gold and silver.
Both metals are firmly in bear market territory. By the end of last week, gold was down about 27% from its 52-week high of $1,803 and silver had cratered by a whopping 43%.
But the recent downward slide in the price of silver and gold has once again revealed to investors the most important fundamental fact about precious metals — they’re incredibly volatile. Swings of 50% in value in a single year are not unheard of. (more)
Please share this article
Both metals are firmly in bear market territory. By the end of last week, gold was down about 27% from its 52-week high of $1,803 and silver had cratered by a whopping 43%.
But the recent downward slide in the price of silver and gold has once again revealed to investors the most important fundamental fact about precious metals — they’re incredibly volatile. Swings of 50% in value in a single year are not unheard of. (more)
No comments:
Post a Comment