Both gold and silver are precious metals and both are often mentioned as some kind of safe haven – especially in a financial crysis. On the other hand both the application and the production of silver and gold are more or less different.
However risk and potential return carried by them were also different in the past 5 years, as it can be seen on the charts below.
Gold vs. silver price chart about the past 5 years*
Changes of price in case of silver or gold carry more meaning if we compare them to each other.
The chart below shows by how many percents the price of precious metals have increased or decreased, as compared to the date on the left side of the screen.
Gold vs. silver chart about price, performance and risk bővebben…
Gold is often referred as a “safe haven” during an economical / financial crysis. Well, these opinions have proven more or less wrong according to long term / 10 year charts because gold’s price has shown quite high volatility. On the other hand gold’s price did not change as extremely as silver’s price.
(Differences between gold and silver are highlighted in the 5 year gold-silver comparison charts.)
10 year gold spot price chart
Gold price performance chart in the past 10 years
Gold price performance against inflation in the last 10 years
10 year chart of the gold price*
The 10 year chart of gold summarizes the chages in the price well, however, we recommend to have a look at the chart(s) below, too.
Gold 10 year charts of performance and historical outlook bővebben…
There are number of reasons to study historical charts of gold. Firstly because it is said to be investors’ safe haven and secondly because it is said to be protecting from inflation.
Lots of things happened on gold’s market (who are buying it? who are selling it?) in the past years and one can easily ask if it is really worth as much as it costs?
100 years chart*
Historical gold price chart: how much is gold worth? bővebben…
Whether you are speculating for gold’s price, a gold mine stock, or buying tangible gold these informations are worth to know:
Demand for gold
Gold consumption is distributed throughout the world, so demand for it is not so easy to estimate. Numbers may be inaccurate, but annual demand is usually between 3400 and 4200 t. This consists of the following main factors:
Gold market basic informations bővebben…