Posts Tagged ‘Gold Prices’

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Looking At WTC Gold Coins

The fast rising gold prices have cut down on the supply of WTC gold coins on Ebay, even this new bullion center where investors in gold coins and bullion now have a fast and easy buying opportunity to buy gold have helped cut down the supply of WTC gold coins.

So what are WTC collectors to do when the supply of our favorite coins are no longer in the market ? Well there are other places that has WTC gold coins. But its not as easy as Ebay to buy at these places. Even at the 10th anniversary of the WTC attack one would think that all WTC coin sellers would come out and show their stuff. I have not seen it yet. I think right now there are no more than four (4) $50 WTC gold coins for sale at ebay. I have listed them below.

50 1998 AMERICAN GOLD EAGLE WTC 911 GROUND ZERO RECOVERY PCGS UNC
50 1998 AMERICAN GOLD EAGLE WTC 911 GROUND ZERO RECOVERY PCGS UNC
$2,088.88
Time Remaining: 14h 9m
Buy It Now for only: $2,088.88
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1998 WTC GROUND ZERO RECOVERY 1oz 50 GOLD AMERICAN EAGLE COIN PCGS MS69 TONES
1998 WTC GROUND ZERO RECOVERY 1oz 50 GOLD AMERICAN EAGLE COIN PCGS MS69 TONES
$1,795.95
Time Remaining: 1d 8h 32m
Buy It Now for only: $1,795.95
Buy It Now
WTC Ground Zero Recovery 5000 Gold Maple Leaf  1 Silver Eagle Set Lowered
WTC Ground Zero Recovery 5000 Gold Maple Leaf 1 Silver Eagle Set Lowered
$1,899.99
Time Remaining: 2d 10h 27m

Bid now

1999 WTC GROUND ZERO RECOVERY 9 11 01 AUSTRALIA 50 1 2 OZ GOLD GEM UNC
1999 WTC GROUND ZERO RECOVERY 9 11 01 AUSTRALIA 50 1 2 OZ GOLD GEM UNC
$999.00
Time Remaining: 5d 11h 29m
Buy It Now for only: $999.00
Buy It Now
2000 PCGS MS69 10 1 4 oz Gold American Eagle 911 WTC Recovery Certified PCGS
2000 PCGS MS69 10 1 4 oz Gold American Eagle 911 WTC Recovery Certified PCGS
$820.00
Time Remaining: 5d 21h 5m
Buy It Now for only: $820.00
Buy It Now
1998 Gold Eagle 5 WTC Ground Zero Recovery 9 11 01 PCGS MS69
1998 Gold Eagle 5 WTC Ground Zero Recovery 9 11 01 PCGS MS69
$399.95
Time Remaining: 6d 18h 18m
Buy It Now for only: $399.95
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1993 American Gold Eagle 9 11 01 WTC Recovery PCGS MS 64  Free Shipping
1993 American Gold Eagle 9 11 01 WTC Recovery PCGS MS 64 Free Shipping
$1,225.01 (12 Bids)
Time Remaining: 6d 19h 43m

Bid now

1999 GOLD MAPLE LEAF 5 GEM UNCIRCULATED 9 11 01 WTC GROUND ZERO RECOVERY 1 10OZ
1999 GOLD MAPLE LEAF 5 GEM UNCIRCULATED 9 11 01 WTC GROUND ZERO RECOVERY 1 10OZ
$250.00
Time Remaining: 7d 5h 22m
Buy It Now for only: $250.00
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1998 9999Gold50Maple Leaf Gem Uncirculated9 11 01WTC recovery PCGS GradedOAK
1998 9999Gold50Maple Leaf Gem Uncirculated9 11 01WTC recovery PCGS GradedOAK
$1,840.49
Time Remaining: 7d 11h 9m
Buy It Now for only: $1,840.49
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1998 Canada 50 Gold Maple Leaf 9 11 01 WTC Ground Zero Recovery PCGS Certified
1998 Canada 50 Gold Maple Leaf 9 11 01 WTC Ground Zero Recovery PCGS Certified
$1,449.00
Time Remaining: 7d 11h 43m
Buy It Now for only: $1,449.00
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No reserve $50 Gold WTC 1998 MS 69

I really like when the market gets to decide the prices on a coin and a person puts up a WTC 1 oz gold coin in a No Reserve auction.

Great looking photo of the coin, the WTC 1998 $50 gold coin, graded MS 69 by PCGS. I am really excited to see what a coin like this would go for with the gold prices going up like they are. I will project a price above $1,500 for this coin. I will follow it and maybe even bid on it. Did I mention its even free shipping on this coin, can't beat that.

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The same guy has also a WTC 1997 1 oz gold coin up for sale with No Reserve on it, this will be two very interesting auctions to watch as they go on.

1997 WTC 911 Ground Zero 100 Australian Nugget Gold Coin Certified PCGS GEM UNC
1997 WTC 911 Ground Zero 100 Australian Nugget Gold Coin Certified PCGS GEM UNC
$1,840.00
Time Remaining: 6d 21h 5m
Buy It Now for only: $1,840.00
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1997 50 Gold Eagle 1oz 999 Fine Gold WTC Ground Zero Recovery PCGS MS69
1997 50 Gold Eagle 1oz 999 Fine Gold WTC Ground Zero Recovery PCGS MS69
$2,059.00
Time Remaining: 8d 10h 6m
Buy It Now for only: $2,059.00
Buy It Now
1997 PCGS MS69 50 1 oz Gold American Eagle 911 WTC Recovery Certified PCGS
1997 PCGS MS69 50 1 oz Gold American Eagle 911 WTC Recovery Certified PCGS
$2,340.00
Time Remaining: 18d 21h 5m
Buy It Now for only: $2,340.00
Buy It Now



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Where are Gold Prices Going ?

I found this story this morning it is quite technical but its a good view of what is happening with the gold prices and why. The article predicts gold prices above $1,250 per oz. Please have a read.

I never thought I'd see the day that gold markets went into backwardation (spot prices higher than futures prices). However, the seemingly unthinkable has indeed happened. Of course, I'm not suggesting that backwardation will be a permanent feature of the market, as the misalignment of interest rates that theoretically caused gold backwardation is most likely not a permanent feature, either. Nonetheless, the question remains: Where do we go from here? This writer speculates that gold could very well turn out to be in a win-win situation, whether there is deflation or inflation. How is this possible? Adam Smith told us that gold is a barbaric relic, although it is more commonly known as the metal of kings. I remind you all that the world is still full of barbarians.

The above-ground stocks of gold, presumably available for disinvestment at any time, are some 60-fold of annual production of about 2,500 metric tons. This is why gold has never been in backwardation. Unlike any other commodity, all gold that has been mined throughout the ages is still out there somewhere. At an estimated 150,000 metric tons, this above-ground stock of gold--with most obvious portions in private hands or tucked away in central bank vaults--dwarfs annual production. Unlike industrial commodities such as copper, aluminum, or zinc, where prices can go into backwardation at the slightest hint of a temporary supply disruption from major producers, contango pricing has always been the norm for gold, where futures prices exceed the spot price.

Earlier this month, however, for the first time in history gold prices went into backwardation. Put differently, physical demand was to be met only by higher prices; those that held gold appear to be more reluctant to part with their hoard today than they may be in the future. Naturally, one wonders why it is that gold is now dearer in the face of what could turn out to be a potentially painful deflationary environment ahead.

Historically, it is understood that the role of gold is more of a hedge against inflation. Accordingly, the usual cadres of gold bugs have been telling us that gold strength reflects the enormous sums of money that are being printed and spent to bail out failing financial institutions and to shore up the flow of credit to prevent the economy from falling ever more deeply into recession. The inflationary implication of printing so much new fiat money is clear-cut to gold bugs; after all, Milton Friedman taught us that inflation is always and everywhere a monetary phenomenon. Most gold bugs equipped with charts showing money supply going through the roof see this as the precursor to runaway inflation ahead.

The flaw with that rationale, however, is that while it is true that money supply has increased significantly and inflation is a monetary phenomenon, it is the velocity of money that matters. And velocity has decelerated dramatically--a natural outcome of deleveraging. That's why I speculate that the deployment of monetary tools, including reducing the cost of credit through the Fed window to prevent deflation, is akin to pushing on a string. As long as the velocity of money is decelerating, one should expect that nominal economic growth will remain at best anemic worldwide, even if the cost of credit gravitates toward zero (and for all practical purposes is there already).

However, should the Fed decide to monetize debt, then inflation would become a threat. For now though, given the subdued velocity of money, swapping financial institutions' illiquid assets for liquid Treasuries to stimulate credit flow can hardly be viewed as inflationary, and it's not even having much success yet as financial institutions appear to be hoarding liquidity.

The last era of any significant period of deflation was in the 1930s. Although gold was fixed for a long time at $20.67 per ounce, in 1934 a massive devaluation of the U.S. dollar saw its fixed price jump to $35 per ounce. During this period of entrenched deflation, and in spite of the fixed price of the metal, gold proxies saw a dramatic rise in price. The NYSE-listed shares of Homestake Mining Company rose from about $4 to $500 from 1929 to 1935; the company operated for some 120 years until its flagship Homestake mine in Lead, S.D., ran out of economic reserves a few years ago and the company ceased to exist.

From my perspective, we dare not expect such returns from gold producers' shares, but I remain confident that our revised target price of $1,250 per ounce (our previous target of $1,000 was met) has a reasonable probability of panning out. That would likely result in handsome returns for gold producers

That said, we could very well experience some deflationary forces first, before inflation (or more precisely, reflation) changes the course. Surely, a fast cure for deflation may simply be another major devaluation of the dollar, however unthinkable this may seem. Perhaps the following excerpt from Fed Chairman Ben Bernanke suffices as support for my take on gold prices:

"Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934. The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation.

Read more here

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Why Invest in Gold and the Many Ways to Invest in Gold

gold eagle invest
CoinsBullions asked:

The price of gold itself is up more than 50% from its low in 1999. The gold coins are classified on 70% during the last three years. The future and options on gold have risen. Who knows how many thousands of percentages you 'd made investing in gold? There are many factors that make gold at a major investment now. The sale of gold coin is still cheap, while stocks are expensive. In January 1980, both the Dow Industrials that the price of gold was at the same level: 800. Now, almost 24 years later, the Dow is close to 10,000, while gold is less than half its value in January 1980. There are some great opportunities in gold stocks. Governments will make our money worth less to pay off their debts record. Governments can print money to pay off their debts. But can 't generate the gold. The supply of paper money can be infinite. But the supply of gold is extremely limited (they say that the entire production of gold in the history of the world could fit on basketball. Gold should do well in extreme bear markets. Argenti more than doubled in value as from 1932 to 1936 during the Great Depression (the price of gold was fixed by the government). The long bear market of 1968-1980 was the following. The silver has risen from around $ 2 for 1968 close to $ 50 peak in Action 1980. Gold will rise during the? Of inflation | and during deflation. Investing in gold is good? Protection of inflation | gold increases while the value of the dollar falls. While the government significantly lowers interest rates and printing money sfrenatamente ( generating inflation) to offset that? of the deflationâ | leading to gold prices substantially higher. This is where we are now and the fact that gold has it 's supposed to do. When you buy gold coins, reduce the risk in your investment. In the past, gold has tended to do the opposite of | of it? of stocks rose to the stars in the 70s, when stocks were horrible. Then in the 80s and 90s, when stocks are rising, gold has lost more than half its value. Now in the new millennium gold rose while stocks are still below their levels of 2000 that I consider these as the best chance hours . While gold stocks are up almost 500%, the investment of money in gold investment grade (those that carry a rating of the condition of mint (ms) 63 or higher rating agencies PCGS or NGC) is' only 'on 70%. These coins have turned up in value in 1989. Then I fell by 85%, basing in 2001. There is still above 100% on the table here and your downside is limited (by you' Re near value of the merger). At its gold directly, you can buy common gold coins or small bars of gold. The gold coins are known as' bullion 'coins. These include the popular currencies such as Krugerrands or Canadian maple sheets and cost just a few dollars more than the current price of gold. They don 't have the upper hand extraordinary or not, simply move with the price of gold. You are ready to invest in precious metals? coins and bullion bars are choice of all smart investor in present financial circumstances of the world. While the dollar is devaluing paper yet, your investment risks only increase in value. The estimable online sellers can provide direct access to the your immediate investments in precious metals such as gold bars.

Caffeinated Content

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$5 Gold Eagle Coin Prices


Years 2001,2000,1999,1998,
Material Gold
PCGS Certification Gem, MS69
Population Unknown
Scarce Coins 2000 MS69

We are also going to try and keep up with the prices on the $5 Gold Eagle

Year Price
2001 Gem $400
2001 MS69 $460
2000 Gem No record
2000 MS69 $3,895
1999 MS69 $499
1998 Gem $299
1998 MS 69 No record

This is the numbers for May 2008. I will update again in 3 month. The coin that is worth the most is the 2000 MS69 only 27 pieces of this coin was found at Ground Zero.

Safavieh Watercolor Bohemian Medallion Ivory Peacock Blue Rug 2 7 x 5
Safavieh Watercolor Bohemian Medallion Ivory Peacock Blue Rug 2 7 x 5
$41.29
Time Remaining: 2h 46m
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Vim Tools WTC624 Torx Box Wrench Set 5 Piece
Vim Tools WTC624 Torx Box Wrench Set 5 Piece
$48.58
Time Remaining: 2h 59m
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Mens Womens Running Shoes Energy Cloud WTC comfort superior Mesh upper jogging
Mens Womens Running Shoes Energy Cloud WTC comfort superior Mesh upper jogging
$30.66
Time Remaining: 7h 9m
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WTC Welding Technology ABB GH5 15100 Power Supply Weld Control 480 VAC CU02 B11A
WTC Welding Technology ABB GH5 15100 Power Supply Weld Control 480 VAC CU02 B11A
$697.99
Time Remaining: 8h 25m
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Gateway NV570P10U Z5WTC Series DC Power Jack with Cable DC30100PQ00 V3 07
Gateway NV570P10U Z5WTC Series DC Power Jack with Cable DC30100PQ00 V3 07
$15.00
Time Remaining: 9h 49m
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Gateway NV570P10U Z5WTC Series WiFi Wireless Card QCWB335 K26 53
Gateway NV570P10U Z5WTC Series WiFi Wireless Card QCWB335 K26 53
$7.00
Time Remaining: 9h 49m
Buy It Now for only: $7.00
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5 Piece Torx Box Wrench Set VIMWTC624 Brand New
5 Piece Torx Box Wrench Set VIMWTC624 Brand New
$48.93
Time Remaining: 11h 53m
Buy It Now for only: $48.93
Buy It Now
Genuine Gateway NE56R31u Q5WTC USB Port board w Cable Q5WV1 Q5WS1 LS 7911P
Genuine Gateway NE56R31u Q5WTC USB Port board w Cable Q5WV1 Q5WS1 LS 7911P
$7.99
Time Remaining: 12h 56m
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Genuine Gateway NE56R31u Q5WTC Right+Left speakers set PK2300HV00 PK23000HU00
Genuine Gateway NE56R31u Q5WTC Right+Left speakers set PK2300HV00 PK23000HU00
$8.89
Time Remaining: 13h 3m
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Gateway NE56R NE56R10U Q5WTC OEM Hard Drive HDD Caddy + Screws AM0HI000100
Gateway NE56R NE56R10U Q5WTC OEM Hard Drive HDD Caddy + Screws AM0HI000100
$5.35
Time Remaining: 13h 22m
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