 | Craig R. Smith Explains Classic Gold Double-Play - Watch Now |
12.6.19 - Precious metal prices dipped on profit-taking Friday after upbeat economic data boosted the buck. U.S. stocks rose on the back of U.S. jobs growth as Wall Street wrapped up a choppy week of trading. Gold last traded at $1,460 an ounce. Silver at $16.56 an ounce.
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* Citizen Bloomberg
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 | $1459.81 |
| Silver | $16.58 |
| Platinum | $896.52 |
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