Gold Coins - Predictions? Sovereigns/Halfs/$200 Coins Etc. - Page 2

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MobOfRoos Pillar of the Community Australia 762 Posts	Posted 11/26/2012 8:08 pm I've got some gold coins. A few sovereigns and half a dozen of the $200 coins. I got them mostly to "diversify" my collection but I do like them numismaticly as well. My Sydney Mint sovereign is a favorite. I also like the $200 coins as they are part of our history now (and 30 years old) but they will never be worth anything but bullion with the huge mintages (over 250,000 for the 1980 coin). As for the price of gold...who knows? I have been reliably informed for the past 18 months that the price was going to sky rocket because of the problems in Europe and the US but it never has. Just like how the price of silver was going to be above $50 by the end of 2011......but at the end of 2012 it is still stalled in the low $30. All that I know is that Gold and Silver brokers will always tell you that the price is about to skyrocket. Report this Post to the Staff
goatieman23 Pillar of the Community Australia 869 Posts	Posted 11/27/2012 4:02 pm Hmm...gold, gold, gold. What are you going to do? April '05 to Oct '06 - A lull, stayed at about the same price. Not too volatile. Then rose... Feb '07 to July '08 - Same stagnant price through period. Became a little more volatile. Huge rise when the market went crazy... Sept '11 till current - Same sort of price, but extremely volatile, going up & down like a yoyo. Does this mean another potential rise? We'll wait & see, but silver is doing similar things at around about the same times, but with extreme volatility as we can see below: Report this Post to the Staff
Basil Pillar of the Community Australia 1041 Posts	Posted 11/27/2012 6:35 pm Yeah,who knows but Gold always(well nearly always) drags the Silver price up long term so I don't see why Silver in the next couple(or 3) years won't break through the $40 again but stay there this time. Report this Post to the Staff
nealeffendi Pillar of the Community Australia 852 Posts	Posted 11/30/2012 7:31 pm A complicating factor is that gold and silver are traded internationally and most quote in USD. Withe the AUD currently slightly above parity the Australian buyer needs to consider what would happen to the AUD if the world economy goes down the gurgler. Remember that in '08 the AUD was approaching parity but the crisis knocked 25% off the AUD to USD exchange. I purchased gold sovereigns about a decade ago so in USD they have tripled in value (from 150 USD) but in AUD they have gone from 280 AUD to about 430. If the AUD goes back to what it was in the 1990s (think of pre China and pre minerals boom) then it could get back to .39 USD per 1 AUD so at 1700 USD my gold (and yours) would be over 4000 AUD (over a grand per sov). Silver has more upside (and more volatility) so I stack that in preference to gold. Report this Post to the Staff
MobOfRoos Pillar of the Community Australia 762 Posts	Posted 12/01/2012 7:54 pm Quote: A complicating factor is that gold and silver are traded internationally and most quote in USD. and just to complicate things further is inflation So to make money investing in gold you have to keep track of the gold price, the exchange rate and the inflation rate. My advice would be to just buy gold coins that you like.....and if they happen to appreciate in value well that is a bonus. Report this Post to the Staff
mendo New Member Australia 13 Posts	Posted 12/06/2012 08:31 am every one keeps telling me gold is going up and up, my good friend loves his gold and cant get enough....but I love me notes Report this Post to the Staff
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