krispy

To clarify: 2005-2008 have ended. 2009 has not yet ended.

__________________
★ ★ 2nd Annual CoinTalk Fundraiser: Official Thread! ★ ★
(Donatations being accepted: March 1st - March 27th 2010)

yakpoo

I have a hard time believing those growth rates are sustainable for the long term...sumptins gotta give eventually.

Btw...the 2008 percentage seems a bit askew.

bhp3rd

Predicting gold prices is always a waist of time.
I have no control at all over what gold will or will not do.
No one on this site has either.
Those that say it will go higher will eventually be right and then be wrong.
Those that say it will go lower will be the same.
Any gains in the price of gold will never keep up with rare key date U.S. coinage in original nice condition kept for 10 years or more.
There is gold everywhere - it is always availible in any form you want and from every dealer, pawnshop, coin show and jewlery store.
You can never say the same about rare key date U.S. coins in original nice condition.
It is the same thing with 99.9% of all modern mint products since 1960 and especially true of high (TPG) graded modern mint coins.
None of these are rare and they never will be.
We have boxes of this stuff come in the coin shows same as gold as common as the day is long.
What we never have is a 1889-CC Morgan raw in a flip totally original XF-45 and perfect for the grade, or a 1912-S Nickel, or a 22-Plain Lincoln, or a 16-D Mercury.
Now it may be different in other parts of the country - those super rare coins grandma may be bringing into you'all but not here.
But gold??? how boring!!!
I'd say gold will eventually go up or down or stay the same or, yadayada,,,, - lets talk about real coins for a change.

__________________
Benjamin, H. (Ben) Peters III (not responcible for spelling errors)

elaine 1970

sorry. my mistake. i skipped one year. here are the correct one.

2004 -- 435.60
2005 -- 513.00 - up 17.8%
2006 -- 632.00 - up 23.2%
2007 -- 833.75 - up 31.9%
2008 -- 869.75 -- up 4.3%
2009 -1,017.00 --up 16.9% (as of today)

2004 to 2008 gold prices were the last day closing of those respective years.

krispy

bhp3rd: True that is about PM prediction and also true what you say about coins that contain PMs. The only line I disagree with is, "None of these are rare and they never will be." Never is a very long time and you can't say anymore about future rarity than anyone can say what PMs will do. However, the ongoing gold prediction discussion should be posted in the bullion investing forum instead of here in the US Coins forum especially since this thread has seldom addressed how gold prediction, daily reporting of price flucuations, averaging, etc. affects any such US Coins containing PMs. US Coins were not part of the OP and only touched on modern US bullion coins later in the thread, at post #26, when elaine questioned about what to potentially buy based on recent prices. Maybe this thread can be moved to the bullion forum by one of the admins... but there are already a whole host of such redundant threads, mostly opened by elaine, updated daily with great haste, much hype and speculation of the US Mint's PM pricing grid system as reflected in the rising costs of PMs.

elaine 1970

gold reached a recent high at $1,025.10 this morning. silver also traded a new recent high at $17.69 per ounce.

elaine 1970

price correction for stock market, gold and silver seem coming. that's normal.

gold - today's high $1,025.10 today's low $1,009.30
silver - today's high $17.69 today's low $17.18

as of this writing:
gold - $1,012.60
silver - $17.25

bama guy

Well it was fun while it lasted , lets eat

GMDSPQR

Gold will certainly continue to rise. In my non-expert opinion it will hit $1,100 by years end.

platfanatic

My only prediction is that Jim Sinclair will lose his million dollar bet.

I just wish I could turn the clock back and buy more 2008 gold buffalo sets! Those have gone through the roof.

elaine 1970

after some bad news this week end. the gold still traded above $1,000.00 an ounce. that will be considered a strong support.

elaine 1970

gold up again. today's high $1,019.00. silver high is $17.35.

elaine 1970

gold high - $1,044.80. look at survey report:

Where will gold end 2009? * 234 responses
Bling breakout...$1,500
57%
The high is in...$1,000
28%
Sorry MC Hammer....$900
15%

krispy

LOL! Elaine that reads so funny. I think the record high today brought out some humor in your post.

elaine 1970

i posted that funny stuff to get some reaction from CT. so we can get more ideas. that survey is from http://www.cnbc.com/id/33193380

apmex is selling bullion 2009 am buffalo now at $1,112.27 per ounce. it stated an extreme limited available from them. well. who knows?.