2009 Precious Metals Performance: Gold, Silver, Platinum, Palladium
January 6, 2010 | Filed Under Platinum, Silver, palladium
Precious metals delivered a strong performance during 2009 with strong returns across the major categories of gold, silver, platinum, and palladium. Although gold seemed to dominate the attention of the mainstream press, the annual performance figures reveal that it was outperformed by other precious metals.
The table below displays the last price of 2008 from Kitco's historical charts and the last price of 2009. The change and percentage change are computed below.
2009 Precious Metals Performance
| Gold | Silver | Platinum | Palladium | |
| Last 2008 Price | 869.75 | 10.79 | 898.00 | 183.00 |
| Last 2009 Price | 1,087.50 | 16.99 | 1,461.00 | 393.00 |
| Change | 217.75 | 6.20 | 563.00 | 210.00 |
| Percentage Change | 25.04% | 57.46% | 62.69% | 114.75% |
As seen above the surprising winner for the year was palladium, which delivered a return of 114.75%. This was followed by platinum with 62,69%, silver with a gain of 57.46%, and lastly gold with a gain of 25.04% recorded.
In some respects the out performance of palladium, platinum, and silver are simply making up for ground that was lost during 2008 (2008 Precious Metals Performance). Last year palladium had fallen by nearly 50%, platinum by about 40%, and silver by 26%. During the same period, gold recorded a small gain of 4.32%.
One of the recent characteristics of gold has been its steady upward march, defying panics in other asset classes, and general declines in commodities. This year marks gold's ninth annual gain, which has brought the price of gold 291% higher from the end of 2000 until the end of 2009.
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