Precious Metals
Gold, silver, platinum and palladium after one of gold's great bull runs. What drives the price, the honest real return, and how the wrapper changes cost, tax and counterparty risk more than the metal does.
Desk data as of 2026-11-06 · Invest Alternative radar
IA sub-index
Precious Metals
Built on Gold + Silver + Platinum + Palladiumdaily
- 1D
- -1.05%
- 7D
- +4.78%
- 30D
- -8.53%
- 1Y
- -3.87%
The guide
The guide
Investing in Precious Metals
Central banks bought 289 tonnes in the quarter gold fell 16%.
Inside · 24 sections
What actually drives gold · The central banks · The wrapper matters more than the metal · The worked example: $50,000 for ten years · The IA view
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Articles & Guides
News·
Palladium gains 1.9% to $1,322 as auto demand comes into focus
Palladium recovered to $1,322 on September 16, up 1.9% on the day, still down 2.9% on the week and up 3.6% over thirty days: a consolidation bounce rather than a trend break.
4 min read
Investing in Rare Coins
Grade sets the price, populations set the risk, and the auction round trip takes about 26%.
50 min read
Investing in Gold Miners and Royalty Companies
Miners are gold with a cost curve, royalties are gold without one, and both are taxed as stocks.
39 min read
Investing in Gold
Central banks built the floor, Western funds built the spike, and the wrapper decides your tax rate.
42 min read
Investing in Platinum and Palladium
Priced by the car fleet, mined mostly in South Africa and Russia, and dearer to own than gold.
42 min read
Investing in Silver
Half industrial, half monetary: why silver ran through $100, halved by July, and what owning it costs.
39 min read
Recent sales and data
As of 2026-11-06
Data we track
The observations the desk collects each day, unadjusted. Change is against the prior observation, so a monthly series shows a monthly move. Each row carries the date of its last observation.
| Series | Trend | Latest | Change | Source | Last |
|---|---|---|---|---|---|
| Gold, $/oz1303 obs | $4,074 | -1.60% | Yahoo Finance futures | 2026-11-06 | |
| Palladium, $/oz1300 obs | $1,020 | -0.68% | Yahoo Finance futures | 2026-11-06 | |
| Platinum, $/oz1301 obs | $1,520 | -0.14% | Yahoo Finance futures | 2026-11-06 | |
| Silver, $/oz1303 obs | $51.94 | -1.79% | Yahoo Finance futures | 2026-11-06 |
Also in Hard Assets
Things with weight and acreage: precious metals, farmland and real estate.
Farmland
A $3.8T US asset: 9.8% a year since 1992, and a first losing year in 2024.
Real Estate
A $225 million house sold. The index rose 0.9%.
New to the field? Start with The Ultimate Guide to Alternative Investing — What the wealthy quietly own: fourteen markets, one guide.
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