Gold and Silver Prices

Spot gold has finally topped US$600/toz, and spot silver is at US$12.85/toz. Gold reached $400/toz in 11/2003 and $500/toz in 11/2005.

The recent rise in silver has been phenomenal — up 50% in six months — and is at least partly attributable to the expected launch of a silver ETF.

Although I'm pleased with gold's performance, I naturally wish I had bought more silver instead, and I'm conflicted over whether or not to buy more at these prices.

The real star of the precious metals has been palladium — up 75% in six months.