What does everyone think of Gold Prices?

Bigdogg

What does everyone think of the price of Gold now? Do you think it will keep rising? Or stabilize or go down? Guess you can say I am wondering if I should buy some of those US Mint Gold Proof sets?

UncleWiggly

Have you ever tried a gold or silver pool? I don't think I'm ready for a gold one yet, but I'm going to try a silver pool.

nickel

should drop to about 330-350 per ounce , so that i can load up on gold mining stocks and 20 libs and saints . then , when i have enough , go to 430-450 so that i can unload my holdings , and spend the profits on frivolous items .

nwcs

I think the election will cause it to fluctuate as who becomes President will have an effect on the economy and consumer confidence which has an effect on metal prices.

jeffnpcb

Just watch the currency exchange rates. The price of collector coins have jumped up out pure BS hype on the precious metals market. I purchased a bunch of Libs and Saints when gold was between 275 and 320. What diiference does the market make in collectors gold and the bullion market? The chance for dealers in collectors coins to over-hype and over-charge. The price differences don't jive with the markets rise and fall due in fact to exchange rates. Not rarity or condition, but overall hype of apples versus oranges theory.

DeepCoin

I think gold will settle down around $350. I said this when it was at $425 and I still believe it. In this model, the economy begins to grow, interest rates rise slowly and we resolve our issues in Iraq (can you say get out)

nankraut

Threads on this subject just keep popping up. I've said before-----and I can GUARANTEE this-----Gold will do one of three things:
1. go up
2. go down
3. stay the same.

S0....there's your answer.

coltgus

I think for the 1st time in years gold has a real shot of a big run for the following reasons :
(a) Terrorism
(b) Weak U.S. dollar
(c) Kerry wins
(d) People have learned the stock market may not be a sure thing.
(e) U.S. is not competitive anymore.
Now if Fed raises interest rates aggressively that would kill gold, but will they ? If they do the fragile economy will tank and with all the debt the government has, and more importantly the public, I believe the Fed is reluctant.

aem4162

they're too expensive for me

Shamika

eagle7

I dont worry about the price of gold. I buy twenty libs and twenty saints in the grade of 63 and 64 in PCGS holders when I can get PQ examples at or below the current wholesale price. It is hard to see how one can lose a lot of money on these beautiful examples of American coinage. Gold goes down, these coins still sell well sight seen. Gold goes above 425, these coins skyrocket in price. It is a great feeling to have some of these around, if for nothing else just to look at! For those toning enthusiasts out there, a twently lib or saint which is covered with a highly lusterous red and lilac tone is just beautiful to behold. Other nice tones are the green and gold sparkle. Then there is the sunburst center fading to the gold at the rims. Unfortunately, these coins do not photograph well. They must be seen in person to appreciate their beauty.

mrearlygold

I'm selling 200 circ 20 libs. As soon as they're sold gold will go up and so will the libs.

I'll lament that I should have stocked them for a couple more weeks. Happens every time.

Tom

relayer

They change

291fifth

If we could accurately predict gold and silver price swings we would all be rich. We can't.

Above all, don't fall into the "If Kerry Wins" trap. Even if he does win a great deal of his support will be coming from the "Not Bush" vote. These are people who, under any ordinary circumstances wouldn't even consider voting for Kerry. They will not tolerate a swing to far left liberalism. They just want Bush and his gang OUT!
Kerry, even if he wins, may have very short coattails.

roadrunner

Gold will follow the price of oil and the US dollar. Both are manipulated (as is gold). Trying to figure out what happens in the short term has been very difficult. Depending on where you think the US dollar and oil are going should tell you what to do with gold.
I'm not surprised that the price of oil has been temporarily pushed down. That would be detrimental to Bush's chances.

roadrunner