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Author: Gold Why Webmaster
Date: March, 2010
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Gold 2010  
© – saffetucuncu  
Hey everyone! It's been a while. I'm excited to finally have some time to update Gold Why (thank goodness). I have quite the backlog of Gold Why questions and I promise to get to every single one of them over time. I wanted to take this moment to sincerely thank everyone for submitting such excellent questions. Today, I'm excited to answer a question all about my predictions for gold, silver, and copper in 2010.

Question: What are your predictions for Gold, Silver, and Copper in 2010?

Answer: First of all, this is a super question, one that's been at the top of my mind. Before even starting, I'd like to highlight that I'm not an investment advisor and this is just for your entertainment. These are simply my opinions and you should always consult a professional advisor before making any financial decisions.

My Gold Bullion Prediction and Strategy In 2010

I'd like to answer by going through each metal. Let's start with gold. The price of gold is currently hovering around its all time high. It has bounced around a bit, but there's no doubt that it's significantly higher than 2006, 2007, 2008, and 2009. In my humble opinion, I see the price of gold staying in the current range ($1,000-$1,200) for a while, throughout 2010 and perhaps 2011 also. It has appreciated quickly and the market needs to digest the move before the next leg up.

Personally, I see gold prices around $1,000 or below as a reasonable entry point. However, at current levels of $1,135 I do feel the metal is well priced. At the same time, I have been accumulating fractional gold coins at current levels. If you're a small gold buyer like myself, the current price isn't quite as important because you're only spending a few hundred dollars at a time. My strategy for 2010: Pick up some great fractional coins, especially tenth ounce coins (such as tenth ounce gold eagles) and twentieth ounce gold coins.

My Silver Bullion Prediction and Strategy In 2010

Now, let's talk about silver bullion. With the price of silver at $17 per ounce, I'm a huge fan of silver bullion in 2010. I have been bullish on silver for quite some time and the metal keeps disappointing and has been stuck in a really low trading range. Given the current price of gold, silver should be significantly higher (in the $30 to $40 range). However, it has lagged behind for way too long! Now, I don't know when silver will appreciate (it will take patience), but I do see it happening. This is the core reason that silver is my personal favorite metal for 2010.

My strategy: I'm a big fan of silver eagles and especially mint silver eagle tubes. The key in accumulating a position in silver is getting a fair price. The markup, percentage-wise, can often be quite high. Search the Internet and eBay for the best deals. Also, I have been having a lot of fun collecting silver art bars and continue to focus on them in 2010.

My Copper Bullion Prediction and Strategy In 2010

I'm excited to close out with copper bullion. I'm excited because I consider Gold Why to be the premier source of information about copper bullion on the Internet. I have big plans in 2010 personally to add more content to this site about copper bullion. In the last few months, copper has appreciated rapidly again and the current value of a pre-1982 penny is 2.25 cents! You heard that right: If you simply hoard your pre-1982 copper pennies, you're going to instantly double your money (at least today, March 3, 2010). Just like silver coins, copper pennies are quickly becoming extinct. That's why I personally view 2010 as one of your last chances to buy 25 dollar boxes of pennies and sort out the copper ones. I'm also planning on buying more copper bullion bars from Jetco, Tacoma Copper, and other quality mints.

To summarize: I'm a huge fan of gold, silver, and copper in 2010. I feel like silver and copper are safer investments at current prices (silver is cheap and copper is risk free if you hoard pennies). Gold is a little more difficult to predict with the run-up, but I'm especially a fan of fractional gold coins in 2010 for my personal collection. Thanks so much for the question!

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