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Best Performer Last 60 Days - Dow, S&P, Rhodium?

WingsruleWingsrule Posts: 3,010 ✭✭✭✭
in Precious Metals
I started thinking about the Kitco rhodium sponge after seeing an article earlier today and decided to take a look at how well someone would have done had they bought it on the day of the announcement (April 19).

Item......Close on 04/16......Close on 06/18....% gain (loss)
Dow 30......11,018.66......10,450.64..........(5.2)
Nasdaq........2,481.26........2,309.80..........(6.9)
S&P..............1,192.13........1,117.51..........(6.3)
Platinum......1,683.00........1,589.00..........(5.6)
Palladium.......528.00...........488.00...........(7.6)
Silver ................17.70.............19.17............8.3
Gold ............1,136.80 ........1,256.50..........10.5
Rhodium...2,900.00.........2,380.00........(17.9)

Comments

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    All in ~ Au!image
    Avid collector of GSA's.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Aren't there huge buyer premiums and seller discounts, too? Plus there is almost no market.

    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    At this time, it is very pleasing to own gold. Especially gold that has been purchased many years ago - and in quantity. Cheers, RickO
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    At this time, it is very pleasing to own gold. Especially gold that has been purchased many years ago - and in quantity. Cheers, RickO

    And the longer you hold it, the longer you go without having to pay taxes on it. The problem is that the government thinks that the government should have it, and at some point, they will own a significant chunk of your gold, and mine. A very good reason to keep track of any losses from the sale of any other assets that you sell in the meantime, and to make sure that you only sell to offset those losses.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>At this time, it is very pleasing to own gold. Especially gold that has been purchased many years ago - and in quantity. Cheers, RickO >>



    True... I actually purchased most of mine less than 2 years ago at below $800 oz .... 50% gain in less than 2 years ain't to shabby in my book. On the other hand, I also purchased most of my Palladium about the same time for about $290 oz.... sold it for about $550 oz about 2 month ago....even better.

    As they say... timing is everything.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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