Like Gold? You’re Going to Like Silver and Platinum Better

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Gold closed at $1250 per ounce on Wednesday. At that price, gold is down $650 from its 2011 high and yet investors may have reason to worry about its valuation.

Hard commodity exchange-traded funds such as the SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) are up 8.6% apiece year-to-date through March 1. Both are trading 0.7% lower as of Thursday morning.