 | Craig R. Smith Explains Classic Gold Double-Play - Watch Now |
2.14.20 - Gold prices higher, on track for weekly gain, as investors attempt to gauge the economic impact of coronavirus. Stocks waver between gains and losses as traders digest latest batch of U.S. economic data. Gold last traded at $1,586 an ounce. Silver at $17.73 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 | $1581.80 |
| Silver | $17.86 |
| Platinum | $969.84 |
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