World Silver Index
The MineFund World Silver Price Index (WSX) is a gross domestic product weighted basket of the most liquid global currencies - USD; EUR; JPY; GBP; CHF; CAD; AUD; HKD. By liquid we mean that you can walk into almost any bureau de change and be able to exchange one country’s piece of paper for the other.
By placing the currencies in a basket and weighting them by their GDP we have developed a proxy for the silver price that is not just dependent on the US dollar.
A useful analogy would be temperature measurements. The US dollar silver price is like a thermometer in one location - it tells you what the temperature is locally. However, a meteorological satellite records temperatures over a large surface area. The WSX is like that satellite in its ability to present a “global price” for silver.
The MineFund Commodity Silver Price Index (CGX) comprises the most liquid “commodity currencies”. Commodity currency simply means that a money’s value is determined in large part by commodity exports and beneficiation based on the country’s extractive industries. These economies, like South Africa, are tightly tied with commodity cycles.
The WSX and CSX are indexed so that January 2010 is equal to 100. The “Real” price index is adjusted for inflation. In other words, it removes all the effects of inflation so that a unit today is worth a unit 20 years ago and so on. We use U.S. consumer prices (1967=100) as the deflator.
MineFund World Silver Price Index
Components: USD; EUR; JPY; GBP; CHF; CAD; AUD; HKD
© Copyright 2009-2013, MineFund & Alpha Found, LLC.
Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Service.
MineFund Commodity Silver Price Index
Components: CAD; AUD; ZAR; BRA; CHP
© Copyright 2009-2013, MineFund & Alpha Found, LLC.
Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Service.
World vs Commodity Silver Price Index (Real)
© Copyright 2009-2013, MineFund & Alpha Found, LLC.
Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Service.
World vs Commodity Silver Price Index (Nominal)
© Copyright 2009-2013, MineFund & Alpha Found, LLC.
Although every care has been taken to ensure that this data is accurate, MineFund cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by MineFund's Terms of Service.