Home U.S. Coin Forum

Golds up again!

image

How high will it go? You're predictions?

Comments

  • HyperionHyperion Posts: 7,440 ✭✭✭
    I think mr. early gold loves this stuff for some reason.

    pullback @ 580 then on through 600 in Feb, before settling back into the high 500s.
  • My prediction is that it will go back down to $500 as we get to the middle of the year.
    -Ben T. * Collector of Errors! * Proud member of the CUFYNA
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    No sound reason for the dollar to increase in value or world confidence to grow in the US, Hence, gold easily over 600 in 2006.
  • $625 by June/July.

    Pushing $850 by December '06.

    I may be conservative in my outlook.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • ...........I hope it keeps going up-up-up-....................image
  • fishcookerfishcooker Posts: 3,446 ✭✭

    Pullback from $576.543 to $456.789 by 01.01.07
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,250 ✭✭✭✭✭
    I'm a little apprehensive about predictions, but seriously you guys and gals.... this yellow stuff hasn't gotten close to where it's going to end up in the short term, in my opinion. I do not see any rolling back, not with platinum over a grand and silver approaching ten..... If we see it top at 650 in 2006, it wouldn't surprise me. Interest rates keep inching upward, which means credit is tightening, which means precious metals start climbing.....

    and no, I am not taking bets..... there is a reason. My extra money is going for gold image LOL
  • fcfc Posts: 12,793 ✭✭✭
    i just bought a half eagle slabbed and shipped for 147.50.

    to give you an idea of the bargains to be found. well i think. 1887S.
  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    High interest rates will bring gold DOWN. However, rates are NOT going UP. They will be lower very soon. Gotta pump dem houses. Housing flops and the country goes with it.

  • jpkinlajpkinla Posts: 822 ✭✭✭
    Well it is interesting to see the views but I will go on record as stating I suspect gold will see $750 and may NEVER again see $500.....There are forces at work that none of us will understand but not only do I see the $750 figure, I also will go out and state here that I see it coming in this quarter.....I suspect we see $750 by March 31 before we have any meaningful pullback....I will also state that volatility will increase as will the price movements......

    We have seen a $13 move in a day at tops......I suspect $20 and $30 moves will become much more common as we move higher.....

    This will get very interesting to say the least......

    image
  • marmacmarmac Posts: 1,437 ✭✭✭
    Well I just hope silver can ride on gold's coat tails image
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>Well I just hope silver can ride on gold's coat tails image >>




    Silver was a much better ride dollar for dollar back in the heyday. I got out at $35.00. I knew people who got IN at $35. Whoops!
  • PhillyJoePhillyJoe Posts: 2,699 ✭✭✭✭
    You know we're on a ride when the non-precious metals are also moving into record territory: copper, zinc, lead and aluminum are all moving up. Holy crap!

    Joe
    The Philadelphia Mint: making coins since 1792. We make money by making money. Now in our 225th year thanks to no competition. image
  • JJMJJM Posts: 8,030 ✭✭✭✭✭
    $750-$800 by year end
    👍BST's erickso1,cone10,MICHAELDIXON,TennesseeDave,p8nt,jmdm1194,RWW,robkool,Ahrensdad,Timbuk3,Downtown1974,bigjpst,mustanggt,Yorkshireman,idratherbgardening,SurfinxHI,derryb,masscrew,Walkerguy21D,MJ1927,sniocsu,Coll3tor,doubleeagle07,luciobar1980,PerryHall,SNMAM,mbcoin,liefgold,keyman64,maprince230,TorinoCobra71,RB1026,Weiss,LukeMarshall,Wingsrule,Silveryfire, pointfivezero,IKE1964,AL410, Tdec1000, AnkurJ,guitarwes,Type2,Bp777,jfoot113,JWP,mattniss,dantheman984,jclovescoins,Collectorcoins,Weather11am,Namvet69,kansasman,Bruce7789,ADG,Larrob37
  • 291fifth291fifth Posts: 24,319 ✭✭✭✭✭
    Are you folks watching what's going in South America? How do you think this will affect gold. No predictions from me. I'm no expert. I would like to hear your thoughts on this.

    edited for spelling
    All glory is fleeting.


  • << <i>You know we're on a ride when the non-precious metals are also moving into record territory: copper, zinc, lead and aluminum are all moving up. Holy crap!

    Joe >>



    Every metal in existance is going up. Platinum, Palladium, Rhodium, Silver, Gold, Iridium, Osmium, Ruthenium, Rhenium, Uranium, Lead, etc. etc. are all moving upwards in price. It's nothing all that shocking to me. With the price of oil going up, the amount of money it takes to mine and process these metals is going up as well and making it more expensive to produce the metals, hence the rise in price.
    I collect the elements on the periodic table, and some coins. I have a complete Roosevelt set, and am putting together a set of coins from 1880.
  • GTOsterGTOster Posts: 861 ✭✭✭
    Can you say CHINA
    Paul
  • cohodkcohodk Posts: 19,063 ✭✭✭✭✭
    600 by Friday
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • ttownttown Posts: 4,472 ✭✭✭


    << <i>High interest rates will bring gold DOWN. However, rates are NOT going UP. They will be lower very soon. Gotta pump dem houses. Housing flops and the country goes with it. >>



    ?? I don't think so, high interest rates mean inflation and will drive Gold up. Just look at 1979/80 when Gold peaked at $850 and interest rates were around 18%. Now this time if the Fed stops increasing interest rates there will be less interest in T. Bonds and will shock the stock market IMO. These are different times when you have 2 countries (India and China) building a middle class and needing materials and a currency to put their assest in, will it be the dollar, another currency, or gold. I bet Gold, it will correct at some point but it will be a lower low (closes higher than the last low) each time and a higher high IMO.

    From Jim Sinclair Website

    Where is it written that gold must have the permission of COT, gold advisors, general analysts, central banks, politicians, astrologers, or any other living being to bolt in the direction the market decides? Have you totally forgotten Chung Fat and Dr. No? We are still holding firmly above $529 plus 3%, despite last evening’s pounding by our dear friends to the exact dollar market of $544.90. All this before it moved higher in yes, ASIA.




    You will love Monty’s heads-up that the Chinese made a little mistake. They have been short-counting their population for many years. There are significantly more of them to buy gold commodities while bulling their economy significantly upwards. Frank Vogl and I wrote a book in the mid-nineties about the Asian economic miracle and its closest pals in Africa: the Tanzanians.

    Asian money managers decide gold heads for four figures in the short run. I assure you of one thing: It will revolutionize the gold producing industry in many diverse ways.

    Is it now? By the simple measure of $529 plus 3% it sure could be. You cannot have a single share of my mine in gold issues or an ounce of my bullion as long as gold holds the break out level. Enjoy your prosperity and stop kvetching.



  • We keep thinking of gold in historic terms.......dollar valuation.....interest rates.

    That's all over now. The world is global and although a falling dollar helps gold it will not be the deciding factor in decades to come. Asia has a long history of worthless paper money and gold has always been high on the want list. Since WW2 they have not had the prosperity there to own much. That will change dramatically. If just 10% of China/India decides to own just 1 oz of gold.................look out.
  • ttownttown Posts: 4,472 ✭✭✭


    << <i>We keep thinking of gold in historic terms.......dollar valuation.....interest rates.

    That's all over now. The world is global and although a falling dollar helps gold it will not be the deciding factor in decades to come. Asia has a long history of worthless paper money and gold has always been high on the want list. Since WW2 they have not had the prosperity there to own much. That will change dramatically. If just 10% of China/India decides to own just 1 oz of gold.................look out. >>



    Along with China all of Asia is buying gold. Not to mention the Middle East with all their oil wealth and Russia want to increase it's holding another 5%. Even the South American countries like Argentia are adding to their reserves. All these countries have seen worthless money before and the smart ones are taking note and reducing their risk by adding to their gold reserves.
  • I am no longer purchasing gold at this time. It has been several weeks now. When it comes down to my price by next month (I figure) I will begin to buy. I do believe we will see $600.00, maybe higher, by years end. However, there is a PM that is looking much undervalued. It is no secret that India and China are booming countries. There is one PM, IMO, which is going to double if not triple this year. I hope I am right, and I hope that most of you are on the train already. This used to make a lot of cents years ago.

    Good Luck,
    Freak
  • cohodkcohodk Posts: 19,063 ✭✭✭✭✭
    Freak,

    Copper has been underperforming other metals for the last month. It was once a leader but has lost that distinction. Look for the other base metals to outperform. Silver may be the way to go, however I have another metal that I like like trade better.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Freak, Copper has been underperforming other metals for the last month. It was once a leader but has lost that distinction. Look for the other base metals to outperform. Silver may be the way to go, however I have another metal that I like like trade better.

    As always, I wish you and everyone here the best of luck in your investing.

    Freakimage
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    I find it funny when people blame the rise of gold on "local" events like interest rates in the US, Bird Flu in Turkey, or whatever. The reason gold did nothing over the last 20 years is because of the massive sell off of gold from the central banks of Europe and elsewhere.

    Now the recent rise is driven by the now general knowledge of the buying of gold by China in huge amounts, despite their denials. In fact they have to deny dumping Dollars for Gold, lest they drive gold up too high before they get to their target.

    I think Gold's rise is still in its second phase of the cycle, where specialists are feeling good for their foresight, and are not yet concerned with overpricing.

    When Joe Q public starts buying recklessly when gold approaches $1,000 watch out. That point (whether its $900 or $1,500) will be the high for the cycle. The specialist will back off and act as agents rather than stock the metal at that point.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • ttownttown Posts: 4,472 ✭✭✭
    Interest rate are mearly a reflection of the ecomony in general. I don't think the Central Bank can hold gold down for much longer. Now flat money is a different story they may take away something like the M3 from the public and print money holding interest rates down. Gold is finite but paper can be printed in any amount one see's fit as long as no one notices. Joe Public may not notice here in the U.S. since we've been the worlds reserve since WWII but many of the countries named have seen flat money that's worthless. The only problem is countries like China with 700 billion in U.S funds have to control the tempo of it's demise. Don't expect China to make the same mistake a the Japan by buying inflated realestate....there after resources with their U.S. Dollars and they need it for their rapid growing ecomonies.
  • Text
    You may want to see who stands to loose in the gold market.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Some big hedgers, gold miners, banks, will be toast as gold continues to rise. Those holding the wrong end of the gold derivatives will also be toast.

    High interest rates will bring gold DOWN.

    Agree with Ttown. It will take many more interest rate rises to slow the momentum. Hint: 10% ain't gonna do it.

    While I have not been adding gold bullion or Saints at the current levels, I have been adding small sized numismatic gold (like $1 gold pieces in MS64) to my holdings. These have not moved appreciably yet but will as they start to catch up. They are laggards for the moment. Just over the past 3 weeks Heritage bumped their wholesale sell price on MS64 $2-1/2 Libs by 18%. Figure they know something? I was able to pick up a few. As long as some of the out of favor generic gold (ie smaller sizes $5 LIbs and down) are lagging, I'll be a buyer.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • michaelmichael Posts: 9,524 ✭✭
    sweet SWEET image pre 1933 federal usa goldimage
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    Edging up in Asia?


  • << <i>sweet SWEET image pre 1933 federal usa goldimage >>



    Gold is going to reach a point where the bullion value outweighs the numismatic value sooner than most people around here think.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • northcoinnorthcoin Posts: 4,987 ✭✭✭✭✭
    $950

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file