No cash flows
A share of a company is a claim on future earnings and dividends. An ounce of gold pays nothing, so its price rests on supply, demand, the U.S. dollar and real interest rates rather than on profits.
CommoditiesPrecious metalsResearch
Gold, Silver & Platinum
The three precious metals in U.S. dollars per troy ounce, the exchange-traded trusts that hold them, and exactly which prices we are allowed to show you. No price appears here without a source that permits it.
RESEARCHEducation and research, not investment advice. An ETF share price is not a spot metal price.
Loading the metals record…
How precious metals differ from stocks
Gold, silver and platinum behave differently
- Gold is held mostly as a store of value by investors and central banks.
- Silver is part monetary metal, part industrial input (electronics, solar), and usually more volatile.
- Platinum is mainly industrial (autocatalysts, chemicals) and tied to a small set of producers.
Sometimes a diversifier, not a guarantee
Metals have at times moved differently from stocks in sell-offs, and at other times fallen with them. We record how they behave against the equity accounts in the Strategy Arena, and make no claim that they hedge until enough forward outcomes exist to test it.
Limits of the ETF route
- Trusts charge fees (0.40%–0.60% a year here) that slowly reduce metal per share.
- They trade only in U.S. equity sessions; spot metal trades around the clock.
- Prices shown are IEX-venue last sales from the previous session, not live and not consolidated.