Silver's revenge

Pilihan tepat untuk invest in Silver, Alhamdulillah. Inilah dana simpanan penulis untuk pengajian anak-anak. Ianya lambat tapi pasti (sebab penulis tak ada masa untuk monitor, simpan sahaja untuk merasa bayar zakat. Now its time to let go sikit and lepas ini  tak perlu bayar zakat perak lagi unless of course penulis tangan gatal nak beli jongkong perak lagi) but the experience gained is really worth it.

Nota: kiraan dibawah ini sedikit conservatif kerana mengambil harga purata, harga perak sekarang hovering around USD30-31.

The percentage increase for gold and silver from the beginning of 2016 to mid-2024:

Gold:

• January 2016 Price (approximate): Around $1060 per ounce (average for the year)
• Mid-2024 Price (approximate): Around $1800 per ounce

To calculate the percentage increase for gold from January 2016 to mid-2024: $\text{Percentage Increase} = \left( \frac{\text{Mid-2024 Price} - \text{January 2016 Price}}{\text{January 2016 Price}} \right) \times 100$ $\text{Percentage Increase} = \left( \frac{1800 - 1060}{1060} \right) \times 100$ $\text{Percentage Increase} \approx 69.81\%$

Silver:

• January 2016 Price (approximate): Around $14 per ounce (average for the year)
• Mid-2024 Price (approximate): Around $25 per ounce

To calculate the percentage increase for silver from January 2016 to mid-2024: $\text{Percentage Increase} = \left( \frac{\text{Mid-2024 Price} - \text{January 2016 Price}}{\text{January 2016 Price}} \right) \times 100$ $\text{Percentage Increase} = \left( \frac{25 - 14}{14} \right) \times 100$ $\text{Percentage Increase} \approx 78.57\%$

Comparison:

• Gold: Percentage increase of approximately 69.81% from January 2016 to mid-2024.
• Silver: Percentage increase of approximately 78.57% from January 2016 to mid-2024.

Best Performer:

Based on the percentage increase calculated from January 2016 to mid-2024, silver has been the better performer compared to gold during this period. Silver has shown a higher percentage increase in price, reflecting its greater volatility and potentially stronger industrial demand during economic recoveries and periods of global uncertainty. Gold, while also appreciating significantly, has slightly lagged behind silver in terms of percentage growth from 2016 onwards.