for coin collecting. 99% of my coins. i always buy direct from u.s. mint. buy those new products (gold and silver) from the government. i choose and estimate those that can be few in production and mintage. i also check e-bay prices. so that i can know what that coin's future price might be. it will have better changes to take a nice profit immediately.

for bullion collecting. those coins do not sell direct from the u.s. mint. the mint sell only to big dealers. like american eagle and american buffalo. you can check from ampex.com, goldeneaglecoin.com, and compare it. if you buying a lot. other big dealers also offer. like 5,000 pc of american eagle silver one ounce coin.

addition: ampex coin stocks recently sold out many items due to gold and silver prices keep increases. which i never see that kind of situation before. from usmint.gov, try to check their big dealers name and address that the mint sell them. you can also buy from those dealers. because you never know which dealer is on sales.

p.s. a little careful when buying right now. cause the prices might be very high.

Yelling1970

Gold suddenly dropped. Any explanation?

we predicted this year gold will go up to around $1,150.00 to $1,200.00. it went up over $1,200.00 and reached a high of $1,227.20 an ounce. of course a correction is needed. short term till end of this year. i see gold should trade between $1,100.00 to $1,200.00. now as for long term. i see next year gold should go as high as $1,650.00 and may settle around $1,500.00 average. this is my prediction.

What's happening with the prices of precious metal? Its on the way down again...

I would think there is an abundance of gold in the market and nobody is buying.

Since most gold are in the form of jewelry, the supply is there but buyers are not. So the higher the gold price is the lower the buyers would be. With the economy downturn, we should see a lower purchase of gold and maybe lower gold coin production too.

the u.s. mint sold a record high of 30,459,000 pc of american eagle silver one ounce coin and 1,386,500 pc of american eagle gold one ounce coin. 200,000 of american buffalo gold one ounce coin. all dated 2009. australia, u.k. austria and canada and china also posted higher sales.

The earth is not getting bountiful by the second thus, developed nations have been stockpiling mineral resources before a bigger economic turmoil arrive. Precious metals are getting scarcer specially platinum which is considered as the most strategic of all the metals.

gold should break the $1,300.00 per ounce this week. and run up to $1,350.00 in a very short period.

Ben Bernanke, the FED Secretary said that Gold panic is temporary. Gold did declined this week.