Gold and Silver
I’ve seen a proliferation of commercials and ads lately for gold-peddling merchants. Some want to buy your unwanted gold jewelry, some want to sell you pure gold coins. They try to pull you in with some simple hook, but the market of precious metals is hardly simple. We are currently experiencing the highest unit price of gold in history – over $1100 per troy ounce – which is good if you bought a bunch of gold 5+ years ago and would prefer to have cash now, but who knows where the price will go from here. This also raises a question as to why the price has skyrocketed recently and why it’s being pushed so hard by the aforementioned merchants.