Gold And Silver Prices Statistics Over Last Decade

Even if you have not been keeping up with the news and stock markets, you probably already know that gold and silver prices have historically been on a steady rise.

With the volatility that exists today, it is only a matter of time that the gold will reach the $2,000 mark per ounce.

The lowest amount that an ounce of gold reached since the year 2000 was approximately $252.

From the year 2009, it has steadily increased from the $700 range to over $1,800 just recently.

Those are astounding numbers and anyone who had made such an investment has seen huge increases and great profits.

As for silver, it was stable and practically unchanged for several years, trading at the $5 mark from before 2000 to 2004, where it slowly started its upscale climb.

It surpassed the $10 mark within two years and continued to escalate to record numbers in 2008, trading at over $20.

Although it declined in the last half of 2008, its recovery was evident from the start of 2009 and thereafter, climbing in value almost consistently.

Its all-time highest trading price was $48.58 and has dropped somewhat since that record. However, it still continues to remain strong and will do so for a while.

The stable or increasing gold and silver prices are here to stay for some time and are both, therefore, great investments for anyone who is looking for security.

Whether your funds are hefty enough for gold or more modest and opting for silver, either will provide you a solid investment that will maintain or increase in value.

Gold and silver prices do vary from day to day, and they might decrease sometimes, and that is to be expected.

There is no guarantee with investments, but compared to anything else, these metals are the safest choice in any type of market whether it is a bull market or not.

When investing, keep in mind that your portfolio should be diverse, which will keep your investments safer.


One Response to “Gold And Silver Prices Statistics Over Last Decade”

  1. Gold Dealer’s in Boston aren’t all the same. Golddealerboston.com pays 80% spot cash in Davis Square Somerville. Gold coins 50.00 under spot. If you are looking for a gold dealer in Boston check out golddealerboston.com to stop wasting time.

Leave a Reply