Gold Down This Week - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 5 / Views: 851
Dog Man Valued Member United States 94 Posts	Posted 07/21/2006 3:23 pm Wow, gold had a pretty volatile week, closing down over 7%. Given the tension globally right now, I was somewhat surprised to see such a decline. Perhaps some were locking in profits at the 667 close last week. Report this Post to the Staff

habiru001 Valued Member United States 236 Posts	Posted 07/22/2006 01:27 am It is like a Yo-Yo- Still some good gains overall. If you look at where it was several weeks ago- or even a year ago- Nice percentages- and of course, it no doubt will continue to rise,then fall,then rise again- Collectible Gold coins IMHO are the best way to go. Looking at some of my own that I have had for 30 years, I am astounded at the increases as given in "CoinWorld's- Coin Values. Dewey Report this Post to the Staff
ageka Pillar of the Community Belgium 2078 Posts	Posted 07/22/2006 07:59 am Volatility will increase even more Too many parties with deep pockets playing the futures game If you want an understandable commentary then read jim Sinclair once in awhile http://www.jsmineset.com/home.asp Report this Post to the Staff
CiScO Valued Member United States 458 Posts	Posted 07/22/2006 09:36 am quote: Originally posted by ageka Volatility will increase even more Too many parties with deep pockets playing the futures game If you want an understandable commentary then read jim Sinclair once in awhile http://www.jsmineset.com/home.asp Good info site ageka. I saved the url for future reads, thanks for posting it. CiScO Report this Post to the Staff
ageka Pillar of the Community Belgium 2078 Posts	Posted 07/22/2006 12:23 pm Thanks Every newlettre writer wants something ( selling a subscription or pleasing his boss who pays his salary etc ) Jim is rich beyond this need and he explains things in a way that I believe he is right Report this Post to the Staff
snowman Pillar of the Community United States 1840 Posts	Posted 07/22/2006 1:44 pm A major reason that gold prices are high is the stagnant stock market. Gold is typically used to hedge other investments during slow times. There are some coin dealers that would lead you to beleive that this upward trend isn't going to end soon and that investing in coins strictly for their gold content is the way to go. I personally think that once the Fed chooses to lay off on interest rates the stock market will bounce back and there will be a correction in the gold market. Report this Post to the Staff
	Replies: 5 / Views: 851

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.22 seconds to rattle this change.