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Poll: Coin Dealers Predict Gold, Silver Up in 2012, But Estimates Vary
Poll: Coin Sellers Predict Gold, Silver Up in 2012, But Estimates Differ
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Temecula, California (PRWEB) December 27, 2011
How will gold, silver and other precious metals carry out in 2012?
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Calendar year-finish predictions by experts with many years of experience in purchasing and offering gold, silver and other bullion coins with the manifeste practically unanimously position towards cost raises. However, some of their opinions substantially fluctuate on how high the will increase will go in the up coming 3 months and a yr from now, according to the Professional Numismatists Guild (http://www.PNGdealers.com), a 50 percent-century outdated, non-gain business composed of the country’s top rated scarce coin and bullion coin dealers that performed an opinion poll of its members.
PNG officers report their members’ predictions on where gold will shut at the stop of the very first quarter in 2012 ranged from a low of $ 1,475 per ounce to a large of $ two,155, with a imply common of $ one,759.57. Their estimates for gold at the conclude of 2012 various from $ one,450 up to $ two,575 with the average $ one,976.22.
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Predictions about silver in the first quarter varied from $ 24.35 for each ounce to $ fifty seven.fifty with a imply regular of $ 34.04, and from $ 23 to $ 130 with the regular of $ 48.seventy three by the conclude of 2012.
“Thirty PNG member-sellers responded to the impression poll that was carried out between December 16 to 23, 2011,” explained Jeffrey Bernberg, PNG President.
“These are pros with an common of about 35 a long time each and every of frontline knowledge acquiring and selling American Eagles, Canadian Maple Leafs, South African Krugerrands and other treasured metals bullion and uncommon coins with the public. Clearly, no 1 can correctly predict the specific long term of the commodities markets, but a lot of people have turned to important metals and unusual coins as an critical part of their portfolios. With the uncertainty of entire world financial activities, it is far more essential than actually to offer with trustworthy, skilled dealers when buying or selling.”
PNG members had been asked where they believe U.S. spot prices will close on Friday, March 30, 2012, and also on Monday, December 31, 2012. Right here are the lower and substantial estimates and imply averages of the dealers’ views on silver, gold, platinum and palladium by the finish of the very first and fourth quarters of 2012.
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Silver, stop of very first quarter 2012:&#thirteen
Lowest prediction: $ 24.35
Best prediction: $ fifty seven.50
Suggest common (30 respondents): $ 34.04
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Silver, conclude of fourth quarter 2012:
Lowest prediction: $ 23.00&#thirteen
Highest prediction: $ 130.00&#thirteen
Suggest typical (28 respondents): $ forty eight.seventy three
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Gold, stop of initial quarter 2012:&#thirteen
Lowest prediction: $ 1,475
Best prediction: $ two,155&#thirteen
Indicate typical (30 respondents): $ 1,759.fifty seven
Gold, finish of fourth quarter 2012:&#thirteen
Lowest prediction: $ 1,450
Highest prediction: $ 2,575
Imply typical (28 respondents): $ 1,976.22
Platinum, end of initial quarter 2012:&#thirteen
Lowest prediction: $ one,335
Highest prediction: $ 2,050
Indicate regular (27 respondents): $ one,602.64
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Platinum, stop of fourth quarter 2012:&#thirteen
Lowest prediction: $ one,four hundred&#thirteen
Best prediction: $ two,200&#thirteen
Indicate average (27 respondents): $ 1,818.eighty three
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Palladium, stop of initial quarter 2012:&#thirteen
Lowest prediction: $ 515&#thirteen
Highest prediction: $ one,012
Mean typical (25 respondents): $ 694.03
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Palladium, stop of fourth quarter 2012:
Lowest prediction: $ 622
Best prediction: $ one,525
Mean regular (twenty five respondents): $ 815.65
The Specialist Numismatists Guild was launched in 1955. Membership specifications are rigorous, and PNG members need to adhere to a rigorous Code of Ethics that prohibits use of high pressure revenue techniques and misrepresentation of the price of products staying marketed. PNG members need to demonstrate information, obligation and integrity in their organization dealings. They also must concur to binding arbitration to settle unresolved disagreements over numismatic house. A full record of PNG member-sellers can be discovered on the internet at http://www.PNGdealers.com.
For a duplicate of the instructive pamphlet, “What You Ought to Know Prior to You Buy Scarce Coins,” or a printed directory of PNG member-dealers, deliver $ one to cover postage fees to: Specialist Numismatists Guild, 28441 Rancho California Rd., Suite 106, Temecula, CA 92590. Mobile phone: (951) 587-8300. Electronic mail at info(at)PNGdealers(dot)com, or go to the internet internet site at http://www.PNGdealers.com.
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