Precious Metals in a funk

Gold, Silver, Platinum, and Palladium have had a tough time as of late.  Gold is doing it’s best to hold above $800, Silver struggling to keep above $13.  Platinum is hovering right around the $1400 range, and Palladium can’t seem to get back above $300.  Each of the “big four” precious metals has seen a hefy drop from highs made earlier in the year.  So, what’s a precious metals investor to do?

Do you still have the same number of ounces?

Go to your safe, safety deposit box, or hole in the backyard.  Count the number of ounces in your posession.  Do you have any less ounces than you did at a higher spot price?  Of course you don’t.  That’s part of the beauty of precious metals.  Sure, the dollar value can be confounding at times.  But your holdings haven’t changed a bit.  If you had 100 ounces of silver at $19 per ounce, you still have the same 100 ounces in your posession - even though silver is at $13 per ounce.  Rest easy knowing your stack is safe and sound.  You are in this for the long haul, aren’t you?

Spot Price Ticker Added

Today I made an important update to Gold and Silver Spot dot com - a spot price ticker. Up in the header, you’ll see current bid and ask prices for Gold and Silver, as well as Platinum and Palladium. These are the four most important precious metals, and the four that this site talks about. Now you don’t need to go to another site to get the most current, up-to-date spot prices on your favorite precious metals.