Precious Metals Investing

Today's spot gold price is $1507.20 Today's spot silver price is $18.07 Platinum $932.85 and Palladium $1,644.50  By the time you are listening to this update I'm sure the prices will be different Yesterday Gold appeared to be on a rocket ship ride. Today it appears to be in a bit of a free fall down about $25 Despite the breathless voices quoting the ups and downs of precious metals prices, we should remember why you invest in the precious metals. Their strength is they are a store of value.  If you look at the historical performance it paints a picture of enduring and rising value. The 7-day performance is up about $20 The 6-month performance of gold is up about $200 The 1-year performance of gold is up about $300 The 5-year performance of gold is up about $300 The 31-year performance of gold is up about $1100. Just to reinforce the idea gold is a store of value you don't have to look any further than the central banks. The 21 central banks in the Basel III agreement raised gold from a Tier 3 asset to a Tie