 | Craig R. Smith Explains Classic Gold Double-Play - Watch Now |
12.5.19 - Precious metal prices rose Thursday on bargain-hunting and a weaker dollar. U.S. stocks decline despite upbeat employment data amid China trade worries. Gold last traded at $1,477 an ounce. Silver at $16.90 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 | $1476.16 |
| Silver | $16.97 |
| Platinum | $897.61 |
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