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But what's behind it? May 20 marked an all-time high price for gold, at a spot price of $2,435.96 per ounce. Gold futures were higher at $2,438.50. Spot silver also rose to $32.17, an over 11-year ...
Gold and silver showed no sign of slowing their rise on Monday as investors continue to pour into precious metals. Gold futures touched fresh records, rising as much as 0.8% to hover near highs of ...
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Silver often tracks the gold price due to store of value demands, although the ratio can vary. The crustal ratio of silver to gold is 17.5:1. [7] The gold/silver price ratio is often analyzed by traders, investors, and buyers. [8] The gold/silver ratio is the oldest continuously tracked exchange rate in history. [9]
Silver and other precious metals or commodities do not have the same allowance. Other taxes such as capital gains tax may also apply for individuals depending on their tax residency . U.S. citizens may be taxed on their gold profits at collectibles or capital gains rates, depending on the investment vehicle used.
The industry suffered greatly from the demonetization of silver in 1873 by the Coinage Act of 1873, known pejoratively as the "Crime of 73", but silver mining continues today. United States mines produced 1,170 tons of silver in 2014, 17% of the silver it used, while 63% of consumption was imported, from Mexico , Canada , Peru and Chile , and ...
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