These historical values are important for buy and sell decisions for gold and silver investors
Miami, Florida (PRWEB) May 20, 2013
Using the value of basic unskilled labor over time, J W Korth has been able to set a value on gold and silver in today's dollars. The firm's research determines the modern era for gold as the time since the beginning of the Civil War. Then it has valued gold and silver in terms of days of basic unskilled labor to acquire one Troy Ounce of each. The result is that the average cost in the U.S. of a troy ounce of gold for the past 150 years is 16 days of unskilled labor.
Using the current average unskilled labor rate of $8.00 per hour, J W Korth determines that gold is worth approximately $1025 per Troy Ounce in today's US Dollars. Silver is shown by a similar analysis to be worth .57 days on average for the same per period. This translates to approximately $36.50 per ounce for silver.
"There is a lot of directional discussion in the financial markets about the precious metal prices, but we have not seen anyone filter out currency changes and peg a long term value. These historical values are important for buy and sell decisions for gold and silver investors," says James Korth,founder of J W Korth. He goes on to say, "We are constantly valuing all types of monetary instruments, I would sell my gold here and try to pick it up again in the $800 to $900 dollar range and buy silver here at current levels in the low $20s."
J W Korth issued its 2013 First Quarter Account Management Review which further discusses gold and silver and valuations of other markets. SLV and GLD are the largest ETFs for ownership of Gold and Silver. These recommendations also apply to these securities and other ETFs which own precious metals.
About J W Korth & Company
J W Korth & Company founded in1982 provides valuations for many types of monetary instruments and has represented the needs many major corporations and the United States Government. Korth serves a broad spectrum of institutional and high net worth retail investors and financial advisors. J W Korth has offices in Miami, Los Angeles, Orlando, and Lansing and Registered Representatives in Tampa, Birmingham and Venezuela and custodies and clears through RBC Capital Markets, Inc.
J W Korth & Company may act as a market maker and may have a long or short position at anytime in any monetary instrument or security and may gain or lose money on any monetary instrument or security at anytime and may be issuing opinions at any time on such instruments.