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Coin Dealers Predict Gold, Silver Up in 2012, But Estimates Vary
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PR Newswire/Sacramento Bee
Poll: Coin Dealers Predict Gold, Silver Up in 2012, But Estimates Vary
Increases in gold and silver prices are predicted in 2012 by some of the nation's top rare coin and bullion coin dealers, according to a poll conducted among members of the Professional Numismatists Guild.
By Professional Numismatists Guild
Published: Tuesday, Dec. 27, 2011 - 6:17 am
TEMECULA, Calif., Dec. 27, 2011 -- /PRNewswire/ -- How will gold, silver and other precious metals perform in 2012?
Year-end predictions by experts with decades of experience in buying and selling gold, silver and other bullion coins with the public almost unanimously point toward price increases.
However, some of their opinions significantly vary on how high the increases will go in the next three months and a year from now, according to the Professional Numismatists Guild (www.PNGdealers.com), a half-century old, non-profit organization composed of the country's top rare coin and bullion coin dealers that conducted an opinion poll of its members.
PNG officials report their members' predictions on where gold will close at the end of the first quarter in 2012 ranged from a low of $1,475 per ounce to a high of $2,155, with a mean average of $1,759.57. Their estimates for gold at the end of 2012 varied from $1,450 up to $2,575 with the average $1,976.22.
Predictions about silver in the first quarter varied from $24.35 per ounce to $57.50 with a mean average of $34.04, and from $23 to $130 with the average of $48.73 by the end of 2012.
"These are professionals with an average of over 35 years each of frontline experience buying and selling American Eagles, Canadian Maple Leafs, South African Krugerrands and other precious metals bullion and rare coins with the public. Obviously, no one can accurately predict the precise future of the commodities markets, but many people have turned to precious metals and rare coins as an important part of their portfolios. With the uncertainty of world economic events, it is more important than ever to deal with reputable, experienced dealers when buying or selling."
PNG members were asked where they think U.S. spot prices will close on Friday, March 30, 2012, and also on Monday, December 31, 2012. Here are the low and high estimates and mean averages of the dealers' opinions on silver, gold, platinum and palladium by the end of the first and fourth quarters of 2012.
Silver, end of first quarter 2012:Lowest prediction: $24.35Highest prediction: $57.50Mean average (30 respondents): $34.04
Silver, end of fourth quarter 2012:Lowest prediction: $23.00Highest prediction: $130.00Mean average (28 respondents): $48.73
Gold, end of first quarter 2012:Lowest prediction: $1,475Highest prediction: $2,155Mean average (30 respondents): $1,759.57
Gold, end of fourth quarter 2012:Lowest prediction: $1,450Highest prediction: $2,575Mean average (28 respondents): $1,976.22
Platinum, end of first quarter 2012:Lowest prediction: $1,335Highest prediction: $2,050Mean average (27 respondents): $1,602.64
Platinum, end of fourth quarter 2012:Lowest prediction: $1,400Highest prediction: $2,200Mean average (27 respondents): $1,818.83
Palladium, end of first quarter 2012:Lowest prediction: $515Highest prediction: $1,012Mean average (25 respondents): $694.03
Palladium, end of fourth quarter 2012:Lowest prediction: $622Highest prediction: $1,525Mean average (25 respondents): $815.65
The Professional Numismatists Guild was founded in 1955. Membership requirements are strict, and PNG members must adhere to a strict Code of Ethics that prohibits use of high pressure sales tactics and misrepresentation of the value of items being sold. PNG members must demonstrate knowledge, responsibility and integrity in their business dealings. They also must agree to binding arbitration to settle unresolved disagreements over numismatic property. A complete list of PNG member-dealers can be found online at www.PNGdealers.com.
For a copy of the informative pamphlet, "What You Should Know Before You Buy Rare Coins," or a printed directory of PNG member-dealers, send $1 to cover postage costs to: Professional Numismatists Guild, 28441 Rancho California Rd., Suite 106, Temecula, CA 92590. Phone: (951) 587-8300. Email at info@PNGdealers.com, or visit the web site at www.PNGdealers.com.
SOURCE Professional Numismatists Guild
Sacramento Bee
Poll: Coin Dealers Predict Gold, Silver Up in 2012, But Estimates Vary
Increases in gold and silver prices are predicted in 2012 by some of the nation's top rare coin and bullion coin dealers, according to a poll conducted among members of the Professional Numismatists Guild.
By Professional Numismatists Guild
Published: Tuesday, Dec. 27, 2011 - 6:17 am
TEMECULA, Calif., Dec. 27, 2011 -- /PRNewswire/ -- How will gold, silver and other precious metals perform in 2012?
Year-end predictions by experts with decades of experience in buying and selling gold, silver and other bullion coins with the public almost unanimously point toward price increases.
However, some of their opinions significantly vary on how high the increases will go in the next three months and a year from now, according to the Professional Numismatists Guild (www.PNGdealers.com), a half-century old, non-profit organization composed of the country's top rare coin and bullion coin dealers that conducted an opinion poll of its members.
PNG officials report their members' predictions on where gold will close at the end of the first quarter in 2012 ranged from a low of $1,475 per ounce to a high of $2,155, with a mean average of $1,759.57. Their estimates for gold at the end of 2012 varied from $1,450 up to $2,575 with the average $1,976.22.
Predictions about silver in the first quarter varied from $24.35 per ounce to $57.50 with a mean average of $34.04, and from $23 to $130 with the average of $48.73 by the end of 2012.
"These are professionals with an average of over 35 years each of frontline experience buying and selling American Eagles, Canadian Maple Leafs, South African Krugerrands and other precious metals bullion and rare coins with the public. Obviously, no one can accurately predict the precise future of the commodities markets, but many people have turned to precious metals and rare coins as an important part of their portfolios. With the uncertainty of world economic events, it is more important than ever to deal with reputable, experienced dealers when buying or selling."
PNG members were asked where they think U.S. spot prices will close on Friday, March 30, 2012, and also on Monday, December 31, 2012. Here are the low and high estimates and mean averages of the dealers' opinions on silver, gold, platinum and palladium by the end of the first and fourth quarters of 2012.
Silver, end of first quarter 2012:Lowest prediction: $24.35Highest prediction: $57.50Mean average (30 respondents): $34.04
Silver, end of fourth quarter 2012:Lowest prediction: $23.00Highest prediction: $130.00Mean average (28 respondents): $48.73
Gold, end of first quarter 2012:Lowest prediction: $1,475Highest prediction: $2,155Mean average (30 respondents): $1,759.57
Gold, end of fourth quarter 2012:Lowest prediction: $1,450Highest prediction: $2,575Mean average (28 respondents): $1,976.22
Platinum, end of first quarter 2012:Lowest prediction: $1,335Highest prediction: $2,050Mean average (27 respondents): $1,602.64
Platinum, end of fourth quarter 2012:Lowest prediction: $1,400Highest prediction: $2,200Mean average (27 respondents): $1,818.83
Palladium, end of first quarter 2012:Lowest prediction: $515Highest prediction: $1,012Mean average (25 respondents): $694.03
Palladium, end of fourth quarter 2012:Lowest prediction: $622Highest prediction: $1,525Mean average (25 respondents): $815.65
The Professional Numismatists Guild was founded in 1955. Membership requirements are strict, and PNG members must adhere to a strict Code of Ethics that prohibits use of high pressure sales tactics and misrepresentation of the value of items being sold. PNG members must demonstrate knowledge, responsibility and integrity in their business dealings. They also must agree to binding arbitration to settle unresolved disagreements over numismatic property. A complete list of PNG member-dealers can be found online at www.PNGdealers.com.
For a copy of the informative pamphlet, "What You Should Know Before You Buy Rare Coins," or a printed directory of PNG member-dealers, send $1 to cover postage costs to: Professional Numismatists Guild, 28441 Rancho California Rd., Suite 106, Temecula, CA 92590. Phone: (951) 587-8300. Email at info@PNGdealers.com, or visit the web site at www.PNGdealers.com.
SOURCE Professional Numismatists Guild
Sacramento Bee
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Comments
If the Euro continues its slide against the Dollar at the current rate, I'd expect gold to be down to $1200 by Q3 and maybe headed lower.
Liberty: Parent of Science & Industry
<< <i>News Flash: Vendors selling something predict prices of it will go up! Amazing conclusion: You should buy some of it now! And who better to get it from than the guys making the prediction? >>
Exactly!
The name is LEE!