How will precious metals fare in 2012?
India, Dec. 28 -- CALIFORNIA (Commodity Online): How will gold silver and other precious metals perform in 2012? Year end predictions by experts with decades of experience in buying and selling gold silver and other bullion coins with the public almost unanimously point toward price increases. However some of their opinions significantly vary on how high the increases will go in the next three months and a year from now according to the Professional Numismatists Guild ( www.PNGdealers.com ) a half century old non profit organization composed of the country s top rare coin and bullion coin dealers that conducted an opinion poll of its members. PNG officials report their members predictions on where gold will close at the end of the first quarter in 2012 ranged from a low of $1 475 per ounce to a high of $2 155 with a mean average of $1 759.57 . Their estimates for gold at the end of 2012 varied from $1 450 up to $2 575 with the average $1 976.22. Predictions about silver in the first quarter varied from $24.35 per ounce to $57.50 with a mean average of $34.04 and from $23 to $130 with the average of $48.73 by the end of 2012. "Thirty PNG member dealers responded to the opinion poll that was conducted between December 16 to 23 2011 " said Jeffrey Bernberg PNG President. "These are professionals with an average of over 35 years each of frontline experience buying and selling American Eagles Canadian Maple Leafs South African Krugerrands and other precious metals bullion and rare coins with the public. Obviously no one can accurately predict the precise future of the commodities markets but many people have turned to precious metals and rare coins as an important part of their portfolios. With the uncertainty of world economic events it is more important than ever to deal with reputable experienced dealers when buying or selling." PNG members were asked where they think U.S. spot prices will close on Friday March 30 2012 and also on Monday December 31 2012. Here are the low and high estimates and mean averages of the dealers opinions on silver gold platinum and palladium by the end of the first and fourth quarters of 2012. Silver end of first quarter 2012:Lowest prediction: $24.35 Highest prediction: $57.50 Mean average (30 respondents): $34.04 Silver end of fourth quarter 2012:Lowest prediction: $23.00 Highest prediction: $130.00 Mean average (28 respondents): $48.73 Gold end of first quarter 2012: Lowest prediction: $1 475 Highest prediction: $2 155 Mean average (30 respondents): $1 759.57 Gold end of fourth quarter 2012: Lowest prediction: $1 450 Highest prediction: $2 575 Mean average (28 respondents): $1 976.22 Platinum end of first quarter 2012: Lowest prediction: $1 335 Highest prediction: $2 050 Mean average (27 respondents): $1 602.64 Platinum end of fourth quarter 2012: Lowest prediction: $1 400 Highest prediction: $2 200 Mean average (27 respondents): $1 818.83 Palladium end of first quarter 2012: Lowest prediction: $515 Highest prediction: $1 012 Mean average (25 respondents): $694.03 Palladium end of fourth quarter 2012: Lowest prediction: $622 Highest prediction: $1 525 Mean average (25 respondents): $815.65
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