Next Level: GOLD $1,350.00

up a bit till the end of the year, then down to 7's 2010, then up to 1500 or a lot more after 2011.

 

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A very reasoned analysis...I guess only time will tell.

I tend to agree with the "slow & steady rise" hypothesis. The Administration seems commited to keeping the Fed Funds rate at 0.25% until the economy improves.

A weak dollar puts an upward bias on commodities. A weak dollar also improves exports. Once the economy improves, industrial consumption should take over as the price motivator...(sounds good, anyway).

 

Sure ppl buy gold in these times as a hedge but it's hardly a gamble. If someone just runs out and spends their rent money on gold then that may be a gamble. I sure don't see ppl buying gold that way. Oh another thing is this economy is the worst I've seen ever and I don't think I am alone.

As far as gold waning as always, I wouldn't be too concerned about that at all. The opportunity in China for regular citizens to buy gold is what's pumped up the demand and price. Also the fact that just last week Obama was quoted as saying "U.S. still faces complex economic crisis"

I think gold still has a ways to climb like maybe to $1200 by March 2010. Some ppl think it will reach that in Dec 09, we will see.

Just click the pic

 

year end should determine who is right or wrong. and year end should also check if the analysts prediction for next year and up is accurate. for me. the next few years. gold will stay above $1,.000.00 an ounce.

 

gold monday. over $1,010.00. what you think?.

 

i am thinking of buying 25 pc of one ounce gold coins. but which one should i take?. 2009 UHR double eagle gold, 2009 american eagle unc gold or 2009 american buffalo unc gold?. UHR is cost me $1,339.00 and might go up to $1,389.00. am buffalo is around $100.00 more than am eagle. am eagle is around $1,050.00 each. tell and advise me. to buy or not to buy at this time.

 

If I were to buy 25 gold bullion pieces for investment this week based on your scenario, I would only buy 25 x 2009 AGE unc. and look for the most return on PM price increases to come. This would also protect against loss, because of the other coins premiums, if the PM drops, which I don't think it will.

If I were to buy 25 gold pieces for personal coin collecting purposes this week based on your scenario, I would spread out across the three options you gave:

10 x 2009 UHR Double Eagle
10 x 2009 American Buffalo (Are the '09 even available? or did you mean 2006-8?)
5 x 2009 American Eagle

 

thanks a lot crispy. that's a good idea. as for buffalo. i keep the money for either 2009 or 2010 release.

 

gold hit a high since january at $1,021.90 an ounce last night. and $1,021.80 today at new york. currently traded around $1,015.50. hopefully it will strongly push through $1,050.00. so by next few months. it can attain $1,350.00.

 

gold - 2005 to 2008 were december 31 ended.
2005 - 435.60
2006 - 513.00 up 17.8%
2007 - 632.00 up 23.2%
2008 - 833.75 up 4.3%
2009 - 1,017.00 up 22.0%

 

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

 

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.

 

Predicting gold prices is always a waist of time.

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.

 

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.

 

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.

 

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

 

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

 

Well it was fun while it lasted , lets eat:eat:

 

$1,100 by years end

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

 

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

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