The Price of Gold and Silver – A 21st Century Guide

Being traded around the world, the price of gold and silver constantly changes from one hour to the next which means you need to be careful about when and where you sell your precious metals. Over the last 10 years the trading prices of gold and silver have risen by nearly 400% before coming back down again although they still remain historically high. There was a sharp rise in the price of gold towards the end of the 2000s with many investors sinking their money into the “safe” bet that is gold during the global recession. Prices rocketed up around 2006 from £342 per oz to almost double that at £667 in 2009 and it continued to rise for the next two years until it hit a peak in September 2011 at a staggering £1,180.33 per oz. Since then the market price has been falling as quickly as it rose with the current price sitting around a similar level to what was seen in 2010.

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