Will we see $800 per ounce gold?

bolivarshagnasty

I'm sure those of you with gold in your inventory are tired of seeing red. I've got a few that have lost significant value that may take years to recover. Since I know very little about what drives the PM market, explain why you think it will go lower or higher. Post any gold coin to keep us on topic.

TopographicOceans

The answer is yes, but you might do better on the Precious Metal Forum

bolivarshagnasty

Originally posted by: TopographicOceans

The answer is yes, but you might do better on the Precious Metal Forum

Thanks for your insightfulness and continued hard work on policing this forum, DH.

TopographicOceans

Originally posted by: bolivarshagnasty

Originally posted by: TopographicOceans
The answer is yes, but you might do better on the Precious Metal Forum

Thanks for your insightfulness and continued hard work on policing this forum, DH.

Originally posted by: bolivarshagnasty
I'm sure those of you with gold in your inventory are tired of seeing red. I've got a few that have lost significant value that may take years to recover. Since I know very little about what drives the PM market, explain why you think it will go lower or higher. Post any gold coin to keep us on topic.

Sorry, my bad.
I figured since you don't understand how markets work you were trying to learn something.
I didn't realize you were just seeking attention.
Carry on.

And here's a gold coin to keep it on topic for you

jmski52

If gold hits $800/oz. there won't be many folks here who are all that happy about it. It could happen, but it could also go in the other direction just as easily. There are a number of factors that drive the market, and they don't often act in concert.

ricko

It is possible.... it is also possible we will see $1800/oz. gold. Market manipulations,

black swan events, dollar value - so many possibilities. Cheers, RickO

BillJones

I think that there is a good chance the gold prices will go lower. People are more optimistic than they were back in 2009 and 2010. A change in the national government might improve the economy, and in any case the business cycle is on a natural upswing.

That's not to say that gold prices won't go up again; they will. It's just that this current gold bull market has probably run its course.

Now to keep on track, here is one of world's most expensive common coins.

dpoole

Stunning, BillJones. I'm in absolute awe.

pmac

I don't see BillJones' coin losing dollar value. What a spectacular coin!

asheland

Nice one, Bill!

crazyhounddog

Originally posted by: BillJones
I think that there is a good chance the gold prices will go lower. People are more optimistic than they were back in 2009 and 2010. A change in the national government might improve the economy, and in any case the business cycle is on a natural upswing.

That's not to say that gold prices won't go up again; they will. It's just that this current gold bull market has probably run its course.

Now to keep on track, here is one of world's most expensive common coins.

OH !!

mannie gray

Beauty of a coin!

I could look at that so long I might forget to eat......well, maybe not that long...

Brol

I have one silver coin which is more expensive than all my gold coins together and silver price is so low. Meh..

leothelyon

Goes up, we might get out of debt. Goes down too much.......we might all need to learn Chinese.


Leo

CommemKing

A few months back I felt strong about gold and bought several "generic" Saints like the one below. I hope was right. My guess is gold will go back. More like hope.

TwoSides2aCoin

I haven't taken delivery of my last order from a board member and I've already lost $58



On a lighter note, the old hags are still lookin' purdy

TigersFan2

I hope we see $500/oz. I would then be able to add a lot of gold to my collection.

COCollector

I'll be surprised if gold drops below $950 next year.



Going Boldly Off-Topic: 5 years ago, at $1800 platinum was about $400 more than gold.



Today platinum is $861 -- about $200 less than gold.



Is platinum poised for a rebound? Anyway, I hope today's prices translate to lower-cost platinum coins in 2016.



I was fortunate to get my 2015 direct from the Mint:

FullStrike

I'd like to see $32/oz Gold. Lead is not such a good idea for fishing weights , another metal might be a better choice. Also the weights they use for my wheel/tire balancing aren't very pretty.

BackroadJunkie

To the powers that be, if you're going to drop gold to $800/oz, make it around the time the mint releases the centennial gold commems.





Thank you very much.

IrishMikey

As soon as it drops low enough that EVERYONE thinks it will just keep dropping, that will be the bottom. People that claim to know more about the future than I do, say it will bottom out at $750.



Oil can't keep dropping either, but I expect it to get into the 20's in 2016.

DeepCoin

I would like to see gold at the 900 level as I would like begin to collect numismatic gold coins again. As the dollar continues to strengthen against the euro and other currencies, it should drop further. Plus the Fed raising interest rates will reduce the attractiveness of gold. Time will tell.

unclebob

Markets are so much more globally connected. Assets are hedged against one another and manipulated short term. I would not be shocked to see gold fall to less than $400 an ounce or silver to $4 an ounce. The gold and silver ETF's are smaller than a modest large cap company like Halliburton