2008 prediction: gold $950.00 silver $18.50

Discussion in 'Bullion Investing' started by elaine 1970, Dec 31, 2007.

  1. Treashunt

    Treashunt The Other Frank

    market is closed:
    gold $860
    silver: $15.21

    Still even tho it is down today nice numbers.
     
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  3. vwap

    vwap New Member

    How is it a "win-win situation" for a collector, when they can't afford to collect? I mean, I'm really happy for you that you have stockpiles of gold and silver, but gold and silver rises are putting some series far out of reach of many, so I really don't see how this is "good" for the (average) collector. (Unless I'm vastly underestimating the "average" collector.)
     
  4. NOS

    NOS Former Coin Hoarder

    I agree entirely with vwap. I could buy old Walkers and Franklins for only $3.00 each 2-3 years ago and now they are selling for $6+, I use to be able to buy lower grade Morgans for as low as $5 each at the local coin club 3 years ago and now the cheapest I see them for anywhere is $12. Now instead of buying these coins I just enjoy what I have with only the occasional new edition, if that. Also the more silver goes up the more these coins will see their end in a furnace by greedy profiteers, I don't see how this could possibly be a win-win at all for collectors. Just the opposite unfortunately.
     
  5. elaine 1970

    elaine 1970 material girl

    win win situation

    i am talking about if we already have it. gold at $1,500.00 and silver at $30.00. are we all win win?. if not if the gold really go up. and now it is only $860.00. and we all continue to buy it till $1,500.00. still we all win. isn't it?.
     
  6. spock1k

    spock1k King of Hearts

    you are missing the point most coins will go into the furnace and the hobby will take a beating we are here to collect coins not destroy them and make a profit
     
  7. elaine 1970

    elaine 1970 material girl

    oil at $200.00

    even oil predicted to reach $200.00 this year. why gold can go to $1,500.00 or even $2,000.00?.
     
  8. elaine 1970

    elaine 1970 material girl

    gold up again

    if u.s. mint releases 2008 american eagle gold coins today. the prices will look like this:

    (W) am eagle gold unc:
    one ounce $991.95
    1/2 oz. $507.95
    1/4 oz. $264..95
    1/10 oz. $117.95

    am eagle gold proof:
    one ounce $1,049.95 (also buffalo)
    1/2 oz. $544.95
    1/4 oz. $284.95
    1/10 oz. $134.95

    spouse gold unc $569.95, proof $599.95

    bald eagle $5 gold unc $324.95, proof $344.95

    let see if bald eagle come out on jan. 15. and if i am correct.

    p.s.if the 10th annn. platinum set releases today. it would be $2,119.95 per set instead of $1,949.95.
     
  9. dreamer94

    dreamer94 Coin Collector

    If oil hits $200/barrel, no one will have any money left to buy gold.
     
  10. 900fine

    900fine doggone it people like me

    Except the traders speculating in oil. They will have enough money to buy Kuwait.
     
  11. 900fine

    900fine doggone it people like me

    Not every collector.
     
  12. Treashunt

    Treashunt The Other Frank

    amazing, and the market just opened.

    01/08/2008
    09:59
    874.20
    874.90
    +14.90
    +1.73%

    and silver is doing okay also:
    15.56
    +0.35
    +2.31%
     
  13. 900fine

    900fine doggone it people like me

    I don't think coins will go into the furnace.

    There are mountains of US coins, gold and silver alike, which have always been worth bullion value - and always will. They will just track the price of bullion up... and up... and up...
     
  14. 900fine

    900fine doggone it people like me

    Predicting "gold will go up" is like predicting "the sun will rise in the east".

    Pretty safe bet.
     
  15. elaine 1970

    elaine 1970 material girl

    gold shine again

    gold high for today is $881.80 and silver is $15.76.

    if gold reach $1,500.00 then with the same ratio. the silver will be $26.79.

    the prices for 2008 u.s. mint coins and sets with platinum, gold and silver related will be expensive and becoming more expensive.

    will people buy them. yes. what ever you don't have money. others have it. just remember.

    smile. get more overtime work. save more money. ready to buy 2008 coins. and enjoy this wonderful hobby.
     
  16. Treashunt

    Treashunt The Other Frank

    gold closed at:
    877.50
    878.30
    +18.20
    +2.12%
    Nice one day profit.
    Hey, elaine: how many pounds do you have?
     
  17. elaine 1970

    elaine 1970 material girl

    sizes of gold

    twice the size of gold kept underneath the former world trade center twin tower.
     
  18. WoodenSpoon Boy

    WoodenSpoon Boy New Member

    I like variety in my conversation and All I see on this forums and others are "GOLD GOLD GOLD GOLD GOLD BLAH BLAH BLAH BLAH". Granted that I dont own a spec of gold and that Its has a major inpact in the economy. But for christ sakes Im so sick of it :(
     
  19. spock1k

    spock1k King of Hearts

    wake up elaine deals in tons :D
     
  20. spock1k

    spock1k King of Hearts

    you can say that again now if you really want to appreciate a coin you can look at my indian i posted today
     
  21. Treashunt

    Treashunt The Other Frank

    Well, that explains it: you don't have any gold.
    As for me, I have a few pieces and some gold found with my metal detector, along with the silver.
    So, I'm just enjoying the conversation and going along for the ride.

    There are many other threads that never mention gold.
     
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