 | Craig R. Smith Explains Classic Gold Double-Play - Watch Now |
1.21.20 - Gold prices pull back on normal pausing amid price uptrend. Stocks lower on concerns over sluggish economic growth. Gold last traded at $1,558 an ounce. Silver at $17.83 an ounce.
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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 | $1558.19 |
| Silver | $17.79 |
| Platinum | $1001.30 |
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