jeniffer007 Posted February 23, 2006 Report Share Posted February 23, 2006 silver is stable recently at $9.00 and above. in the future, gold is projected to hit somewhere around $600.00 to $800.00. that's means silver will follow gold movement. i think silver bullion related coins is also good to buy. like the modern commems dated 1983 to 1988. cdn bid price on these items increases. others like the american eagle uncirculated, and other privately or internationally minted silver coins. if you bought it few years back. silver is only around $3.00 plus. you should have earned a lot. i just bought some modern commems (near bullion value) for fun. i like to hold and play with it. toss and twiss. while other collectible coins. we just keep and seal it forever. can't even see them again. Link to comment Share on other sites More sharing options...
Burks Posted February 23, 2006 Report Share Posted February 23, 2006 People say $1,000 for gold isn't out of reach. I feel it will hit the mid to high $700's by years end, maybe even $800. Not sure what silver will do. Of course it will go up but by how much, not sure. $13-15 a ounce wouldn't surprise me much. Link to comment Share on other sites More sharing options...
jtryka Posted February 23, 2006 Report Share Posted February 23, 2006 I would not be at all surprised to see gold well over $1000 and silver over $50 over the next 5-10 years. Link to comment Share on other sites More sharing options...
Doogy Posted February 24, 2006 Report Share Posted February 24, 2006 I would not be at all surprised to see gold well over $1000 and silver over $50 over the next 5-10 years. I hope so, as that is what i'm buying and collecting now! In my case, i've had a fun time collecting world gold so far, and the fact that gold may increase makes for a sound investment too! Link to comment Share on other sites More sharing options...
Scottishmoney Posted February 24, 2006 Report Share Posted February 24, 2006 Gold and silver have both been in the ups and downs lately, but do a long term 1 yr trend on both recently and you will see they are still trending up. I just know that even now I am still doing well with both of them, even though the price has softened a bit. Link to comment Share on other sites More sharing options...
captaincoffee Posted February 25, 2006 Report Share Posted February 25, 2006 I think the short term price pressure on gold and silver is going to bring it up a bit more over the next year--let's guess 5%. However, I think in the mid-term (3-5 year) we will see about a 20% price correction downwards. Long-term (10 year) is a real guessing game since it is so dependant on other factors, but I expect it will climb back slowly after a price correction to about 10% above where it is today. Personally, I've only heard $1000 price predictions from folks that stand to make a lot of money if it comes true. Now, if the US housing market bubble bursts in the next year or two, it will be interesting to see if folks start selling-off or hoarding. Link to comment Share on other sites More sharing options...
ageka Posted February 25, 2006 Report Share Posted February 25, 2006 I am betting on a goldprice of at least 850 $ somewhere the next 12 months Inflation corrected the 1980 price is now around 2250 $ Link to comment Share on other sites More sharing options...
jeniffer007 Posted February 25, 2006 Author Report Share Posted February 25, 2006 my prediction for gold and silver go like this. if gold reaches $1,000.00, silver should be $20.00 or more. Link to comment Share on other sites More sharing options...
jeniffer007 Posted March 2, 2006 Author Report Share Posted March 2, 2006 silver break the $10.00 barrier today. it reached a high of $10.23 per ounce. i predict it will go beyond $12.00 per ounce soon. Link to comment Share on other sites More sharing options...
gxseries Posted March 2, 2006 Report Share Posted March 2, 2006 Let's not forget that during the boycotted Soviet Olympics of the 80's, for a very short period of time, silver price blew over 50usd, and inflation is not counted. Who knows how many Soviet silver olympic sets were melted down. If you actually have rhodium, that is where good money was made if you bought it last year. It has tripled from 1k to 3k for an ounce and it may seem to hit 4 grand later this year. Fortunately, there isn't such thing as rhodium coins. Link to comment Share on other sites More sharing options...
jeniffer007 Posted March 2, 2006 Author Report Share Posted March 2, 2006 silver and gold will continue to go upward until both reaches their target. gold $1,000.00+ and silver $25.00+/-. if silver hits $25.00. american eagle uncirculated bullion coin should be around $28.00 to $30.00. that's the price of american eagle silver proof coin today. modern commems silver dollars with capsule but wothout c.o.a., sleeves/boxes dated 1983 to 1988 only will be good too. it should be worth around $28.00 to $30.00. silver proof five pieces statehood quarters commom one without sleeves and c.o.a. will also be trading around at $36.00 a set. commom date u.s. silver coins dated 1964 and before per $1,000.00 will be around $18,500.00 to $19,000.00. that's a good day dreaming. who knows?. Link to comment Share on other sites More sharing options...
Dockwalliper Posted March 2, 2006 Report Share Posted March 2, 2006 If you pick up a newspaper and see the word "Iran" on the front page........Gold is going up. Link to comment Share on other sites More sharing options...
Dan769 Posted March 3, 2006 Report Share Posted March 3, 2006 Jeez, silver at $50 an ounce would kill the collector collecting date sets of coins by making even the common dates worth a fortune just for melt value. Link to comment Share on other sites More sharing options...
Tiffibunny Posted March 3, 2006 Report Share Posted March 3, 2006 Don't even say that aloud. Link to comment Share on other sites More sharing options...
Art Posted March 3, 2006 Report Share Posted March 3, 2006 Jeez, silver at $50 an ounce would kill the collector collecting date sets of coins by making even the common dates worth a fortune just for melt value. Yes it does. It also drives lots and lots of common date coins to the smelter. It can be a very unpleasant experience. Link to comment Share on other sites More sharing options...
ccg Posted March 3, 2006 Report Share Posted March 3, 2006 Yep, I've been told of lots of good stuff that got "killed" in '79-80. Link to comment Share on other sites More sharing options...
Guest Stujoe Posted March 3, 2006 Report Share Posted March 3, 2006 A price much lower than $50 an ounce would force me out of much of the silver parts of my collection for sure. I am not sure what my price point would be as it would be a painful decision, but there comes a time when I would certainly liquidate my silver sets that I could not hope to finish at that kind of price (probably dollars, halves and quarters) and refocus my sites on other series in nickel and copper (probably in the World arena). My dimes would be safe as I only need a handful right now. Link to comment Share on other sites More sharing options...
ccg Posted March 3, 2006 Report Share Posted March 3, 2006 If you actually have rhodium, that is where good money was made if you bought it last year. It has tripled from 1k to 3k for an ounce and it may seem to hit 4 grand later this year. Fortunately, there isn't such thing as rhodium coins. My old high school has a 16g piece of that in their "metals specimens" set! Link to comment Share on other sites More sharing options...
Mark Stilson Posted March 3, 2006 Report Share Posted March 3, 2006 Before it came out about the hunt brothers almost the same worries were happening. I caught it and sold at 50$. Dropped out most of my silver bullion, but hung on to all the coins. In a way hoping for some coin melt. And the higher coin prices later. During that time the people who had silver made out good if they sold in time. A lot better per centage then gold. Prior to it topping out, a lot of people thought it was going to continue to rise. After silver made it to the twenties, to me coin collectors seemed to sit on their coins. At least higher mintage ones. Link to comment Share on other sites More sharing options...
Sir Sisu Posted March 3, 2006 Report Share Posted March 3, 2006 Yes it does. It also drives lots and lots of common date coins to the smelter. It can be a very unpleasant experience. I have often wondered what would be the price threshold for that to begin happening again. Link to comment Share on other sites More sharing options...
ageka Posted March 3, 2006 Report Share Posted March 3, 2006 I have often wondered what would be the price threshold for that to begin happening again. All what happened yesterday was the dollar going down So silver at 50$ an ounce may not make much difference in euro Link to comment Share on other sites More sharing options...
jeniffer007 Posted March 3, 2006 Author Report Share Posted March 3, 2006 silver traded at $10.31. wow......... Link to comment Share on other sites More sharing options...
Burks Posted March 3, 2006 Report Share Posted March 3, 2006 A price much lower than $50 an ounce would force me out of much of the silver parts of my collection for sure. I am not sure what my price point would be as it would be a painful decision Silver hits $20 and my financial situation stays the same, good bye silver collecting and hello nickel clad! Link to comment Share on other sites More sharing options...
gxseries Posted March 3, 2006 Report Share Posted March 3, 2006 Surely, the dollar has been losing it's value over a period of time. Why aren't people talking about platinum and palladium? Afterall there are coins minted in those metals too Link to comment Share on other sites More sharing options...
jtryka Posted March 3, 2006 Report Share Posted March 3, 2006 Before you think about $50 silver and the sky falling for collectors, please remember that $50 in 2006 is a whole lot different than $50 in 1979! Back then, $50 was nearly 15 hours work at minimum wage, today it's 9.5 hours (even less in states with higher minumum wages). In 1979, the average price of a new home was $71,800 (or 1,436 oz. of $50 silver) but last year the average new home price was $295,100 (or 5,902 oz. of $50 silver!!!). To be a comparable price in terms of new homes, silver would need to reach $205.50/oz. which I could see putting a damper on collectors, but $50 in today's paper currency would not be such a big deal in my opinion. In fact, it might be a positive for collectors as more press on silver might create more demand (one of those conundrums of economics where higher prices increases demand, rather than reduces it). Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.