Todd Graf
Precious Metals Advisor
Todd Graf is a seasoned Precious Metals Advisor at Scottsdale Bullion & Coin. He has a decade-long career in finance, previously at Morgan Stanley and Vanguard. He is Series 7 licensed and has extensive experience in traditional and defensive assets, providing clients with solid investment strategies.
John Karow
Precious Metals Advisor
John Karow is an experienced lawyer and Precious Metals Advisor at Scottsdale Bullion & Coin. He holds degrees from Lehigh University, the University of Missouri, Cornell University, and St. John’s University School of Law. John is a knowledgeable authority in precious metals, dedicated to helping clients navigate economic cycles and gold and silver investments.
With 2024 coming to a close, investors are taking stock of the past year and preparing for 2025. This is a perfect time of the season to reassess your current portfolio and determine whether you’re in the best position for optimized protection, stability, and potential growth.
In this week’s The Gold Spot, Scottsdale Bullion & Coin Precious Metals Advisors Todd Graf and John Karow discuss gold and silver’s performances throughout 2024, what challenges and opportunities await investors next year, and why precious metals are a solid choice moving forward.
Gold & Silver Break Free
Gold put on one of the most impressive performances in recent memory, soaring from a beginning-of-the-year low of $1,991.45/oz to a record high of $2,786.44/oz. That’s nearly a 40% increase.
Silver didn’t garner as much attention as its golden counterpart, but the shiny metal realized a higher yield. The silver spot price kicked off the year around $24/oz before falling into an early slump around $22/oz. By the beginning of the fourth quarter, silver had skyrocketed to $34.86/oz, over a 58% gain.
The precious metals market experienced a slight dip after the election, but gold and silver have clawed back most of those losses, suggesting strong fundamentals and bullish momentum.
Gold Fulfills Its Role
For years, gold prices seemed bogged down by institutional tinkering and outright market manipulation. However, the sheer weight of economic pressure and recent demand for precious metals finally broke gold loose from a years-long holding pattern. In 2024, investors saw the real value of gold reflected in its impressive upward momentum.
The yellow metal’s proven track record of keeping pace with inflation, maintaining a steady value, and even offering yields, in the long run, has been reinforced by 2024’s performance. Sustained central bank demand suggests governments recognized this early on, but retail investors are starting to catch up with gold consumption ticking up across the globe.
Gold is doing what it’s supposed to. It’s becoming a good protection for a lot of people.–
Precious Metal Look Up in 2025
At first glance, the precious metals market might seem overheated after continuous gains throughout 2024. However, the underlying factors driving gold prices are still in play. New Year’s is a psychological reset for many investors, but it means nothing for the market.
“This year has been great. In 2025, we're going to see a lot of increases with the prices of precious metals.”
Todd Graf
Precious Metals Advisor
Nearly all economic, geopolitical, and political variables that fueled gold and silver’s growth in 2024 will continue unimpeded (and, in some cases, worsen) in 2025. This is mirrored by the fact that many experts have had to raise their gold price predictions more than once for the upcoming year due to the momentum of precious metals.
Future-Proof Your Portfolio
2024 was an impressive year, but many experts agree the rally isn’t over. Whether you’re looking to protect your wealth, diversify your investments, or seize new opportunities in the precious metals market, now is the time to ask the right questions and make informed decisions.
If you have any questions or need guidance, don’t hesitate to reach out to our team of precious metals experts. Call today toll-free at 1-888-812-9892 or using our live chat function.
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