Direct line: 1300 987 995
Precious Metals back in favour in 2015!
Do you regularly visit www.ausmint.com to view the latest Precious Metals Reports? Here you will find the latest news and opinions.
Click HERE for the latest Precious Metals Report.
The early start to the year may well have set the scene for precious metals in 2015.
Gold may have fallen slightly from US$1,201 on 31st December 2013 to US$1,199 on 31st December 2014 but only in relation to the USD. For Australian investors the value actually increased from A$1,341 to A$1,465.
The surge in the last few weeks sees Gold at US$1,281 and A$1,557 (up 6%) as of today.
Conversely Silver had a poor 2014 falling from US$19.50 on 31st December 2013 to US$15.97 on 31st December 2014. For Australian investors this represented a fall from A$21.79 to A$19.22.
Silver has fared even better since 31st December and is now at US$17.92 and A$21.79 (up 13% in just a few weeks).
In our opinion we are seeing a landscape today where investors are trying to protect from a beginning of the year volatility of other asset classes. In the broader commodity world oil and copper prices are still languishing whilst precious metals have shown their value to investors as a standalone asset class.
This can be seen as a strong indicator as in the past falling oil prices and a deflationary environment has led to falling Gold prices, but economic stability fears are again putting the shine back into the precious metal.
The flight to safe haven investments is gaining momentum. For example demand for government debt has seen yields reaching record lows and going below zero in some instances.
This could be a very good year for Gold and Silver; at least the indicators at the start are strong.
The following is a view of the end of month prices for the last 6 months.
|
Closing Prices ($USD) |
Gold |
Silver |
|
Current at 19th January |
$1,281 |
$17.92 |
|
End December |
$1,199 |
$15.97 |
|
End November |
$1,182 |
$15.97 |
|
End October |
$1,164 |
$16.20 |
|
End September |
$1,216 |
$17.11 |
|
End August |
$1,285 |
$19.47 |
Why AusMint?
Please call us at anytime on 1300 987 995 if you wish to discuss any topic or questions you may have.
Check out our Charts at www.ausmint.com
DISCLAIMER: Australia Mint Bullion & Coin does not provide financial advice and does not employ financial advisors. Any opinions expressed within news articles or market updates are not intended as recommendations. If you are looking for investment advice, please seek independent, specific advice regarding your personal financial situation from a qualified professional.