Browsing through this site’s archives, I came across a post from September 2008. I titled this post
Platinum Plummets Perilously – appropriate, because Platinum was on a seemingly out of control downward spiral. Gold and silver weren’t doing particularly well either. These were the spot prices of the day:
- Gold: $775.10
- Silver: $10.40
- Platinum: $1039
- Palladium: $223
Now compare that with spot today:
- Gold: $1347.20
- Silver: $23.20
- Platinum: $1701
- Palladium: $583
Gold double. Silver over double. Platinum up 70%. Palladium up 160%. Late 2008 was a dark time for precious metals, but the last two years have been very, very good. There’s talk of the metals, gold especially, having yet another breakout this year.
If you haven’t jumped on the gold train… maybe it’s time to hop on board.
