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Q: value of gold & silver 11/4/02 ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: value of gold & silver 11/4/02
Category: Miscellaneous
Asked by: cassidy0909-ga
List Price: $10.00
Posted: 17 Mar 2003 16:15 PST
Expires: 16 Apr 2003 17:15 PDT
Question ID: 177536
I need the value at close of day on Nov 4, 2002 for Kugerand (1 oz)
and Silver bars 100 A150484  A091073  (total quantity of 2 silver
bars) (measured in oz.)
Answer  
Subject: Re: value of gold & silver 11/4/02
Answered By: westie-ga on 17 Mar 2003 19:45 PST
Rated:5 out of 5 stars
 
A search for some background information on Krugerrands (double r
seems to be the correct spelling?) found
http://www.investgold.co.za/krugerrands/krugerrands_info.htm
and the statement that they are usually traded for a small premium
above the value of their gold content. Therefore, I hope that being
able to provide a value for the price of gold at the time specified
will answer your question.

A historical gold chart is available at www.kitco.com (right hand
panel).
(This site was linked from
http://www.investgold.co.za/krugerrands/gold_info_nav_page.htm.)
It provides a closing price in New York on the day specified of
$318.00 per ounce. So your Krugerrand would have had a value around
this area. (For instance, today's Krugerrand selling price is about
$5.00 per ounce higher than the raw gold price:
https://online.kitco.com/sellprice/selling.html. But the buying price
at www.kitco.com is about $7.00 below the raw price.)

Historical silver prices are also available at Kitco, and on Nov 4
2002 the price of silver closed at $4.48 per ounce. Again, the value
of your 100 oz bars is only slightly higher than the value of the
silver they contain, that is, slightly more than $448 per bar. As a
rule of thumb, the premium for these silver bars seems to be about $20
per bar.
cassidy0909-ga rated this answer:5 out of 5 stars
this is great information and will be helpful for me in the future
regarding where to go for this information.  Thank you very much.

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