Investing in metals

I remember when the price of gold use to be $35.00 an ounce before the average US citizen was allowed to own it as an investment. Sure you could have a gold coin here or there but not gold bars or bullion. Since then the price of gold has risen and fallen a few times here and there. Here is a chart to show you what the price per ounce of gold has been since 1975. Right now it is back in the $750 range.



Platinum is another metal that has people investing in. It is not that much talked about. Here is it's chart for the price per ounce.



Both metals make good investments for the long term.

Jewelry made from either of those metals tend to keep their value over the years. Pure platinum tends to keep it's shape and is stronger than gold, which is a softer metal. You can have more pure platinum in platinum jewelry than you can have pure gold in gold jewelry. Because of that fact you might want to consider getting a platinum engagement ring or wedding ring over a gold one for long term investment.