Let’s take a trip back in time to 2009…
Gold became a popular topic in 2009. Here’s how gold performed:
Now, let’s look at silver:
What about platinum:
Lastly, let’s look at palladium:
The charts show an interesting climb overall with peaks and valleys along the way.
But, how did the metals perform numerically to themselves?
Now, that’s an interesting perspective. Whether you look at each metal’s low to its high, its low to its year end or its beginning of year to end of year values, gold has the lowest percentage performance of the four metals.
Gold gained roughly 24%, silver – 57%, platinum – 58% and palladium – 120%.
Don’t you wish you had invested in palladium….hmmmmm?
As someone said, hindsight is 20/20, but will this historical hindsight provide insights into 2010?
Perhaps it’s time to research why these metals performed this way in 2009 and begin research to see if the 2010 markets for these metals are expected to have the same needs.
In the meantime, Happy New Year!