 | Craig R. Smith Explains Classic Gold Double-Play - Watch Now |
1.17.20 - Gold prices head higher as traders remain cautious after the Phase 1 trade deal. Stocks continue higher on upbeat U.S. economic data. Gold last traded at $1,559 an ounce. Silver at $18.07 an ounce.
* Your pension is being robbed
* Fed stuck in quantitative-easing hell
* Political Turmoil the 'New Normal'
* College Degrees Used to Make Families Wealthier.
By Craig R. Smith, Chairman, Swiss America-Forty years ago gold prices spiked up over eight-fold – from $100/oz. in January 1977 to $850/oz. in January 1980. (A 1980 gold price of $850/oz. would equate to an inflation-adjusted gold price of $2,574/oz. today).
| Gold | $1557.05 |
| Silver | $18.03 |
| Platinum | $1022.90 |
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