Brilliant charts from goldprice.org (supplier of fine spot price charts to Silver Stackers everywhere) if you haven't seen these before. Updated for 2011. edit - these charts and figures have been updated for the end of 2011 and are now static. Source: goldprice.org Source: goldprice.org Figures of note: Silver down 10.8% in AUD for 2011 (10.2% in USD). Gold up 10.2% in AUD for 2011 (10.1% in USD). Silver has resulted in positive AUD returns 6 out of the last 10 years (8 out of 10 in USD). Gold has resulted in positive AUD returns 8 out of the last 10 years (10 out of 10 in USD). Silver's average AUD return for last 10 years is 13.6% (22.3% in USD) Gold's average AUD return for last 10 years is 11.8% (19.1% in USD). My biggest takeaway from this is that silver is a lot more volatile for not much more return, gold is a steadier performer with less pucker-factor.
Yep - based on a starting price of $30.37 for 2011 (based on Perth Mint average of average bid/ask on 4th Jan 2011), and the intra-year high of $44.35 on 29th April 2011, if we had ended the year on $44.35, that would have given 2011 a performance of 46%. 46% instead of -3.5% would have changed the 10 year average from 14.4% to 19% - a considerable difference - but the point is, this didn't happen. We got -3.5% performance for the year.
Just noticed that in both metals, they have the lowest average performance in AUD. Clear indicator of AUD strength increasing methinks. Consider what a devalued AUD would mean for metal prices.
I think what is also interesting is how little the AUD/CAD/INR lost during 2008 in relation to the other countries.
Is it coincidence just looking in the historial data tat silver hit the peak in 5yrs cycle n gold in 3yrs cycle (in aud)?
Final figures for 2011: Silver down 10.8% in AUD for 2011 (10.2% in USD). Gold up 10.2% in AUD for 2011 (10.1% in USD).
Thanks boss .these figures are what people need to be factoring into their get rich quick schemes . In time im sure PMs will pay dividends but your not going to retire making those meagre gains on gold or that loss on silver.
Thanks for the charts and 10 year averages. If world markets dive again like 2008 I assume that Gold is an asset that will be less affected in relative terms than other commodities. I see that many Stackers are leaning heavily to Gold now and are bearish about Silver in the short to medium term. Would it not be easier to only stack/invest in Gold? A lot less weight to store or stack and a lot more resilient to market crises and crashes it seems.
I totally agree 100%. The variable is the potential growth for Silver and this is what the majority of stackers are hoping, praying, wishing, will have a violent upswing and the return should be monumental. When though, that is the question not so much "IF"
Great thread. Thank you. People were bearish on silver after 2008 too but moving to all gold then would have seen you miss out on 15.8% and 58% returns the next too years and instead make a 3% loss on gold in AUD! Now or soon is the time for silver according to this, the negative sentiment towards it only strengthens my resolve. (PS. I aim for 50-50)
Getting close to the end of the year - time to update. These charts are live, I will freeze them on Dec 31st. At time of posting in AUD, silver is 15.5% over 10 years (up), gold 11% over 10 years (down).
It's an interesting way to see the prices - we miss the volatility and the range, but we get the long-term view.
