In our previous episode of Financial Panic (April 2020), we had
return rate on Gold since Jun 2016 = 58% (13% per year) return rate on Silver since Jan 2020 = 39% (156% annualized)
Using today's metal prices, we have
return rate on Gold since Jun 2016 = 66% (13.7% per year) return rate on Silver since Jan 2020 = 76% (152% annualized)
So where am I getting these numbers from?
Kitco.com. I use their current price for one American Gold Eagle (currently $2003) and one American Silver Eagle (currently $31.75). The real prices are considerably higher than spot prices, which I mostly ignore now. As the pandemic began, real and spot prices suddenly diverged as physical supply dried up. For the past two months they were re-merging until July when another sudden divergence began.
1st Panic, ratio of silvers's real price to spot price was ($25 - 18) / 18 = 39%
2nd Panic, ratio is ($32.67 - 22.60) / 22.60 = 45% or about a 10% increase over 1st Panic.
1st Panic, ratio of gold's real price to spot price was ($1900 - 1700) / 1700 = 11.7%
2nd panic, ratio is ($2000 - $1900) / 1900 = 5.6%, which still about twice the normal rate.