Treashunt, Sell just before the central and world banks begin off loading gold to buy US dollars again. Gold is used in banks as a hedge against the falling dollar if the country the bank is located in does not offer insurance on deposits (or in weak/unpredictable economies). In many countries the strength of a bank is still based upon the amount of hard assets deposited in the bank (ie gold). OR - when the thought of not selling your gold keeps up @ night.
gold fluctuation gold is traded almost 24 hours around world contineously, new york, london, hongkong, three main points. if you are a bullion trader. you gonna check all of them. if you are just a collector. then you can stick to new york quote. indeed we are awaken during office hours. be sure now we are in global transaction. a new generation.
big swing today gold low @ $864.00, high @ $895.00, currently @ 890.00 silver low @ 15.55, high @ $16.23, currently @ 16.07
i did not i did not. i still predict the gold will pass $1000.00. instead i am waiting to buy stocks. and i did it today. p.s. my coins is only 5% of my total investment.
Hedge That is one hand always covering the other. About the time one area gives up a bit the other will kick in.
I see gold dropping to about $700-750 this year, the dollar will get stronger in the second half of 08 compared to the Euro, Gold, etc..... I dont see gold staying at these levels for more than a couple months, 6 months max. Just my prediction based on the things Ive been reading about the economy.... Jim
Gold will go up as oil rises. Silver will also go up but not proportionally to gold. elaine, I'm starting to believe in you on this-for this year. Now that were in a recession all the rules could be broken. We don't hear about the recession until 6-9 months after it has started. The Gov't wouldn't want to panic the populace, now would they. For those of us who can't buy much gold, silver is a great option. (If you believe....) Bruce
I wish I could buy both, coins and stocks. Maybe I should dump my failing stocks (in the next upswing) and buy precious metals & lovely coins. Bruce
gold soar gold currently traded at $914.00 while silver at $16.48 and platinum at $1,620.00. p.s. latest prediction is gold will pass $1,000.00 and silver will hit $20.00. from dec.31 2007 to present: gold + 9.58% silver + 11.18% platinum + 5.49% dow jones - 6.68% s & p 500 - 7.92%
platinum proof am eagle platinum proof series from u.s. mint will not be temporary selling soon. while the uncirculated version were temporary stop selling too. platinum jumped more than 10%. if the 10th anniversary platinum is released today for collectors. then the price should be around $2,244.95 per set. bald eagle gold should have been selling at $304.95 for unc and $314.95 for proof. spouse gold should have been selling at $599.95 for unc and $619.95 for proof. let's see the 5th spouse come out soon. and what will be the price.