Metal Metric Conversions

If you are thinking of getting into the precious metal market then here is a metric conversion that I made to determine the peso price of gold and silver in the local Philippine market:

SILVER
PRICE OF METAL DOLLAR RATE PESO PRICE/OZ PESO PRICE/GM PESO PRICE/KILO
24.66 43.64 1,076.16 37.96 37,960.54

GOLD
PRICE OF METAL DOLLAR RATE PESO PRICE/OZ PESO PRICE/GM PESO PRICE/KILO
1381.44 43.64 60,286.04 2,126.53 2,126,529.27

The general trading unit in the Philippine market is the GRAM so as of October 15,2010, Silver cost around 38 Pesos per Gram while Gold cost 2,127 per Gram. If you are buying these metals below the market price, then you are one lucky and good-looking man or woman and I would indulge you to share your secret with me.

Remember Silver is up 80% for 2010 and Gold is up 50% for this year also. How many investments do you know that are providing these kinds of returns? Its your choice!