GOLD SILVER VIP
TIPS AND ADVICE
Precious Metal Prices
Understanding gold and silver pricing is essential for smart buying and selling decisions.
Market guidance for Strongsville, Cleveland, and Northeast Ohio investors.
Gold
$2,650
+27% YTD
ATH: $2,720 (Oct 2025)
Silver
$31.50
+32% YTD
ATH: $34.80 (Nov 2025)
Platinum
$1,050
+7% YTD
ATH: $1,120 (Sep 2025)
Palladium
$980
-7% YTD
ATH: $1,150 (Feb 2025)
Prices shown are approximate spot prices. Check resources below for current real-time quotes.
For real-time precious metals pricing, we recommend these trusted resources:
| Period | Gold | Silver | Platinum | Palladium |
|---|---|---|---|---|
| 2025 YTD | +27% | +32% | +7% | -7% |
| 2024 | +13% | +21% | +5% | -18% |
| 2023 | +13% | +7% | -8% | -38% |
| 5 Year Avg | +10%/yr | +8%/yr | -2%/yr | -12%/yr |
Spot Price vs. Retail Price
The spot price is the current market price for immediate delivery of raw metal. When buying physical gold or silver, you'll pay a premium above spot that covers minting, distribution, and dealer markup. Premiums vary by product type:
- Government coins (Eagles, Maples): 5-10% over spot
- Generic rounds/bars: 2-5% over spot
- Numismatic/collectible coins: Premium varies by rarity
Bid vs. Ask Spread
When selling, dealers offer a bid price (what they'll pay you) which is typically below spot. The difference between bid and ask is the dealer's margin. In 2025, strong demand meant many Strongsville area dealers offered near-spot buyback prices for popular items.
Factors Affecting Premiums in 2025
- Strong retail demand increased premiums on American Eagles
- US Mint production constraints limited Silver Eagle supply
- Generic silver offered best value with lower premiums
- Gold bars remained most cost-effective for larger purchases
Gold/Silver Ratio
84:1
Historical avg: 60:1
Silver may be undervalued
Gold/Platinum Ratio
2.5:1
Historical avg: 1:1
Platinum historically undervalued
Dow/Gold Ratio
16:1
Historical avg: 10:1
Stocks vs gold valuation
Local precious metals pricing in Northeast Ohio typically tracks national spot prices closely. Here's what Strongsville and Cleveland area buyers and sellers should know:
When Buying
- • Compare local dealer premiums to online prices
- • Factor in shipping costs for online purchases
- • Local dealers offer immediate possession
- • Build relationships for better pricing over time
When Selling
- • Get multiple quotes from local dealers
- • Know the spot price before visiting
- • Popular coins command better buyback prices
- • Avoid pawn shops - they offer lower prices
Buying Gold Bullion
02:59
Gold Up 27% YTD
Record highs reached in 2025
Silver Up 32% YTD
Industrial demand surging
Check financial news sources for current spot prices
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