Catalog year: 2004
In 2004, the global metals market, including gold, silver, platinum and palladium, experienced significant growth, driven by several important factors.
Gold prices rose significantly in 2004, driven by:
A weaker US dollar: The dollar weakened against other major currencies in 2004, making gold more attractive to investors. Rising oil prices raised inflationary concerns, which traditionally supports demand for gold as a store of value. The threat of terrorism and political instability have also prompted investors to seek safe haven assets such as gold.
In 2004, gold prices fluctuated between $375 and $450 per ounce, reflecting growing interest in gold as a safe haven asset.
According to the U.S. Geological Survey (USGS), global gold production in 2004 was approximately 2,470 metric tons.
Silver continued to attract attention as an industrial metal as well as an investment vehicle.
Silver prices were more volatile, but averaged around $6-7 per ounce, also reflecting growing demand for the metal in both the industrial and investment sectors.
In 2004, global silver production, according to the USGS and the Silver Institute, was approximately 20,200 metric tons.
Gold prices rose significantly in 2004, driven by:
A weaker US dollar: The dollar weakened against other major currencies in 2004, making gold more attractive to investors. Rising oil prices raised inflationary concerns, which traditionally supports demand for gold as a store of value. The threat of terrorism and political instability have also prompted investors to seek safe haven assets such as gold.
In 2004, gold prices fluctuated between $375 and $450 per ounce, reflecting growing interest in gold as a safe haven asset.
According to the U.S. Geological Survey (USGS), global gold production in 2004 was approximately 2,470 metric tons.
Silver continued to attract attention as an industrial metal as well as an investment vehicle.
Silver prices were more volatile, but averaged around $6-7 per ounce, also reflecting growing demand for the metal in both the industrial and investment sectors.
In 2004, global silver production, according to the USGS and the Silver Institute, was approximately 20,200 metric tons.
Price guide:
| # | Name | Series | Images | Amount € | Weight | Denomination | Year | Quality | Rating RR |
|---|---|---|---|---|---|---|---|---|---|
| 78 | The American Eagle | The American Eagle |
|
36 | 1 oz | 1 Dollar | 2004 | BU | 51 |
| 100 | Year of the Monkey | Australian Lunar Calendar I |
|
82 | 1 oz | 1 Dollar | 2004 | BU | 62 |
| 144 | The Somali Elephant | African Wildlife: Somali Elephant |
|
193 | 1 oz | 1000 Shillings | 2004 | BU | 79 |
| 169 | The Somali Elephant - gilded | African Wildlife: Somali Elephant |
|
158 | 1 oz | 1000 Shillings | 2004 | BU Gilded | 76 |