According to a report by the New Zealand Herald on Sunday, most economists are of the view that the yellow metal could hit more than NZ$2000 an ounce this year from its current level of NZ$1600.

The report said that gold prices reached US$845 at present, off its peak of US$1000 in March last year. This compared to US$550 an ounce at the start of 2006.

Over a period of past five years, gold has risen more than 210% in value, the report quoted Robert Jamieson, general manager of Goldsilverbullion.com.au.

Shop Our Sponsors for These Blenders and Accessories Below

Deals on eBay

1908 $ 20 Dollar GOLD US COIN    US $1,530.00

2004 Bulgaria Republic Proof 125 Leva Gold Coin R    US $308.50

CANADA $100 GOLD COIN 1992 GEM PROOF 025 OZ AGW    US $293.88

GERMAN SIEGERLAND GOLD PROOF TOKEN 45 GRAMS SEE    US $103.44

1 2 OZ OUNCE KRUGERRAND FINE GOLD COIN 999 PURE MINT    US $665.00

5 2010 1 OUNCE CANADIAN SILVER MAPLE LEAF COIN GEM BU    US $120.01

View Page:   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16

ANZ head of commodities research Mark Pervan says the $2000 price forecast is based on speculation of a collapsing US dollar stemming from a "massive injection of US dollars into the system. People will buy gold as an alternative."

The report reaffirms the fact that gold is considered a safe haven in times of weak equity markets and financial uncertainty, and the easiest way of getting exposed to gold price movement is by buying gold coins in small and affordable units on a regular basis.

Shop Our Sponsors for These Blenders and Accessories Below

Deals on eBay

10K 14K Yellow Gold 73 Grams Sold as Scrap    US $116.59

1 2 OZ OUNCE KRUGERRAND FINE GOLD COIN 999 PURE MINT    US $665.00

1 OUNCE 321 GRAMS AUSTRALIAN GOLD $100 FINE GOLD COIN    US $1,220.01

1986 W PROOF ONE OUNCE $50 GOLD EAGLE COIN BEAUTIFUL    US $1,560.55

Pamp Suisse 1 oz gold bar FREE SHIPPING    US $1,300.00

Heavy 64 grams 22 oz of Yellow Dental Scrap Gold    US $134.50

View Page:   1  2  3  4  5  6  7  8  9  10  11  12  13  14  15

According to reports, the February Gold futures rose $4.10 to $875.30/oz on the Comex division of the New York Mercantile Exchange. This marked the highest since 10 October, when it touched $892. The Gold spot prices reached $881.70, a gain of $13.00 per ounce from the prior week.