See last year's thread here.
Charts courtesy of goldprice.org.
Figures of note:
Silver up 6.2% in AUD for 2012 (7.4% in USD).
Gold up 4.2% in AUD for 2012 (5.7% in USD).
Silver has resulted in positive AUD returns 7 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 14.9% (22.9% in USD)
Gold's average AUD return for last 10 years is 10.9% (17.2% in USD).
Not a stellar year for either metal - but both had a positive return - however anyone thinking the trend may buck will note that the last two years for silver have been mediocre, yet the highest price in the current bull market ($49 USD+) occurred in 2011 which ended the year negative.
The gap between the performance of gold and silver is also widening - (last year was 11.8% gold / 13.6% silver) - will this gap continue to widen, or will gold play catchup this year?
As of 1st Jan 2013:
Gold: $1609.37 AUD, $1673.59 USD
Silver: $28.96 AUD, $30.10 USD
AUD/USD is 1.0395
GSR is 55.57
Charts courtesy of goldprice.org.
Figures of note:
Silver up 6.2% in AUD for 2012 (7.4% in USD).
Gold up 4.2% in AUD for 2012 (5.7% in USD).
Silver has resulted in positive AUD returns 7 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 14.9% (22.9% in USD)
Gold's average AUD return for last 10 years is 10.9% (17.2% in USD).
Not a stellar year for either metal - but both had a positive return - however anyone thinking the trend may buck will note that the last two years for silver have been mediocre, yet the highest price in the current bull market ($49 USD+) occurred in 2011 which ended the year negative.
The gap between the performance of gold and silver is also widening - (last year was 11.8% gold / 13.6% silver) - will this gap continue to widen, or will gold play catchup this year?
As of 1st Jan 2013:
Gold: $1609.37 AUD, $1673.59 USD
Silver: $28.96 AUD, $30.10 USD
AUD/USD is 1.0395
GSR is 55.57