Login

CMCC's Blog

13 Aug 2015

Silver and Gold--July 2015--Volume Two

Stocks & Bonds | CMCC

Okay, for a refresher, here is what the charts and tables include:

Previous Monthly Close
Day to Day closes
Price Changes in Dollars
Price Changes in Precentages
Overall Gain/Loss
Best Day in the month (which is dropping!)
Worst Day in the month (which is rising!)
Lowest Close
Highest Close

So, here is what I will do from now on, this is June's information:

SILVER:
June 2015 Close: $15.55
7/1/15 $15.55; $0.00, 0.00%
7/2/15 $15.54; -$0.01, -0.06%
7/3/15 $15.54; $0.00, 0.00%
7/6/15 $15.73; +$0.19,+1.92%
7/7/15 $14.95; -$0.78 -4.96%
7/8/15 $15.15; +$0.20 +1.34%
7/9/15 $15.34; +$0.19 +1.25%
7/10/15 $15.47; +$0.13 +0.85%
7/13/15 $15.44; -$0.03 -0.19%
7/14/15 $15.30; -$0.14, -0.92%
7/15/15 $15.03; -$0.27, -1.76%
7/16/15 $14.96; -$0.07, -0.47%
7/17/15 $14.82; -$0.14, -0.94%
7/20/15 $14.74; -$0.08, -0.54%
7/21/15 $14.77; +$0.03, +0.20%
7/22/15 $14.71; -$0.06, -0.41%
7/23/15 $14.68; -$0.03, -0.20%
7/24/15 $14.48; -$0.20, -1.36%
7/27/15 $14.59; +$0.11, +0.76%
7/28/15 $14.63; +$0.04 +0.27%
7/29/15 $14.73; +$0.10 +0.68%
7/30/15 $14.69; -$0.04, -0.27%
7/31/15 $14.75; +$0.06 +0.41%

To Sum Silver Up:
Gain: -$0.80 (-5.14%)
Best Day of the Month: 7/7 (-4.96%)
Worst Day of the Month: 7/6 (+1.92%)
Highest Close: $15.73
Lowest Close: $14.48


GOLD:
June 2015 Close: $1171.50
7/1/15 $1169.00; -$2.50 -0.21%
7/2/15 $1163.00; +$6.00 -0.51%
7/3/15 $1163.00; $0.00 0.00%
7/6/15 $1172.90; +$9.90 +0.85%
7/7/15 $1152.40; -$20.50 -1.75%
7/8/15 $1163.30; +$10.90 +0.95%
7/9/15 $1159.00; -$4.30 -0.37%
7/10/15 $1157.70; -$1.30 -0.11%
7/13/15 $1155.20; -$2.50 -0.22%
7/14/15 $1153.30; -$1.90 -0.16%
7/15/15 $1147.20; -$6.10 -0.53%
7/16/15 $1143.80; -$3.40 -0.30%
7/17/15 $1131.80; -$12.00 -1.05%
7/20/15 $1106.70; -$25.10 -2.22%
7/21/15 $1103.40; -$3.30 -0.30%
7/22/15 $1091.40; -$12.00 -1.09%
7/23/15 $1094.00; +$2.60 +0.24%
7/24/15 $1085.60; -$8.40 -0.77%
7/27/15 $1096.50; +$10.90 +0.99%
7/28/15 $1096.30; -$0.20 -0.02%
7/29/15 $1092.70; -$3.60 -0.33%
7/30/15 $1088.40; -$4.30 -0.40%
7/31/15 $1094.90; +$6.50 +0.60%


To Sum Gold Up:
Gain: -$76.60 (-6.54%)
Best Day of the Month: 7/20 (-2.22%)
Worst Day of the Month: 7/27 (+0.99%)
Highest Close: $1172.90
Lowest Close: $1085.60


In case you realize, the best days are negative, and the worst days are positive. Is this an error? Let me explain.
In case you are interested in buying bulk precious metals to resell at a later price, and silver and gold drops down next to nothing, then they will sell for next to nothing. If that were to happen, you would sell your metal that you already have at a loss! As an example, let's say silver drops to about $10.00 an ounce. You bought 1000 ounces at $15.00 per ounce, so to sell would mean a $5000, or 33.34%, loss. However, you buy 1500 ounces at $10.00, and then silver goes up to $45.00 again. Both $15,000 dollar investments return $56,250 each!!! However, if silver were to go up to $20, and you buy 750 ounces, then your $15,000 investment would return $33,750 at $45.00 an ounce. Still, you more than doubled your money, but buying low would cause you to nearly quadruple your money!!! (Note: Take only 10% of that return, and you have over five grand for your collection!!!)

I'll see you all at the end of August!!!

Comments

CoinLady

Level 6

Well. All I can say is, I like silver!

Mike B

Level 6

Thanks again. I didn't have time to read them all.

cool!

Kepi

Level 6

Lots of information! Thanks! : )

user_7180

Level 5

Thanks for the information :)

We use cookies to provide users the best experience on our website. If you continue without changing your cookie settings, we'll assume that you agree to receive all cookies on money.org. You may disable cookies at any time using your internet browser configuration. By continuing to use this website, you agree to our privacy policy and terms of use. To learn more about how we use cookies and to review our privacy policy, click here.