
1998 – 50$ Dollars Gold Coin Double Eagles – 1 OZ Fine Gold?
Is this a good price for this gold coin? … Today gold has had a several price increase … into the end of 2009 gold maybe double its market value.
this is the link:
http://cgi.ebay.it/Moneta-1998-50-Dollari-doro-Aquila-1-OZ-Oro-Puro_W0QQitemZ250371998614QQcmdZViewItemQQptZMonete_altri_Continenti?hash=item250371998614&_trksid=p3286.c0.m14&_trkparms=72%3A1396%7C66%3A2%7C65%3A12%7C39%3A1%7C240%3A1309
Looks like a reasonable price for a 1oz gold coin to me.
eBay generally seem to keep abreast of market values, but cannot be too accurate because of the difference between people’s expectations when they place a coin for sale and the market price a week later when it is actually sold.
Yes, gold is forecast to rise in value, but the forecasters are often the people who are selling the gold in the first place. Google ‘daily gold prices’ do a lot of research, allocate a proportion of your savings that you are prepared to lose and buy some.
Looking at the story of the 1st guy to answer your question, he bought too high, caught cold feet and sold too soon.
Gold is a long term hedge against inflation, not a short term profit making investment.
Gold up, silver down: double top forming?
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