Looking at the 1-yr mark, we see gold is up 1%, silver up 62%, platinum up 52%, and palladium up 22% since this time last year.
Amidst growing awareness of what buying into such unallocated holdings of precious metals really means for investors, there has rarely been a better time to own physical precious metals than right now.
The U.S. dollar and dollar-based assets have been losing ground in the reserve asset category.
While proposed tax increases come carefully worded to give the impression of affecting only the wealthy among us, taxes have, in fact, already gone up for most Americans.
Gold was down a quarter at $1740 for the week, but silver was down 3% to $25.40, and platinum was down 2% to $1192. Palladium up another 6% to $2672.
Following the lead of Japan may mean outsized performance of gold in the years ahead, beyond what we previously thought possible or likely.
Indicators can be helpful tools used to determine the direction of markets and metals, especially when they perform consistently.
For the 1-yr time frame, Gold is up 5%, Silver is up 54%, Platinum is up 36%, and Palladium is down 5% from one year ago.
36%. That is how much the gold price has moved up since we last mentioned Basel III.
The metals have powered through a lot of selling pressure this week, with bullion banks selling paper into the options expiry season.