Catalog year: 2006
The global market of metals, investment coins and bullion in 2006 was characterized by the following key features:
The spot price of gold in 2006 continued the upward trend that began in the early 2000s. The average price of gold rose from about $513 per ounce at the beginning of the year to about $635 by December 2006. The rise in gold prices was due to several factors:
A weak US dollar, which made gold more attractive to foreign investors. Inflation concerns and rising oil prices also spurred interest in gold. Some central banks have started to increase their gold reserves. This provided additional support for gold prices.
The price of silver also increased significantly in 2006. At the beginning of the year, the price of silver was about $ 8 per ounce, and by the end of the year it reached $ 13-14. The increase was caused by an increase in industrial demand and investment interest.
Platinum and palladium also showed growth. Platinum, for example, rose in price from about $950 per ounce to more than $1,100 by the end of the year. Palladium has grown from about $250 per ounce to $330-340.
The rise in metal prices has naturally led to an increase in demand for investment coins and bullion. Coins such as gold Krugerrand (South Africa), American Eagle (USA), Maple Leaf (Canada) and Panda (China) were in great demand among investors. Coin sellers reported a significant increase in sales volumes to both retail and institutional investors.
Recycling of recycled gold is also worth mentioning. In conditions of high metal prices, the collection and processing of old jewelry, electronics and other sources of gold became more profitable, which attracted the attention of processing companies.
The spot price of gold in 2006 continued the upward trend that began in the early 2000s. The average price of gold rose from about $513 per ounce at the beginning of the year to about $635 by December 2006. The rise in gold prices was due to several factors:
A weak US dollar, which made gold more attractive to foreign investors. Inflation concerns and rising oil prices also spurred interest in gold. Some central banks have started to increase their gold reserves. This provided additional support for gold prices.
The price of silver also increased significantly in 2006. At the beginning of the year, the price of silver was about $ 8 per ounce, and by the end of the year it reached $ 13-14. The increase was caused by an increase in industrial demand and investment interest.
Platinum and palladium also showed growth. Platinum, for example, rose in price from about $950 per ounce to more than $1,100 by the end of the year. Palladium has grown from about $250 per ounce to $330-340.
The rise in metal prices has naturally led to an increase in demand for investment coins and bullion. Coins such as gold Krugerrand (South Africa), American Eagle (USA), Maple Leaf (Canada) and Panda (China) were in great demand among investors. Coin sellers reported a significant increase in sales volumes to both retail and institutional investors.
Recycling of recycled gold is also worth mentioning. In conditions of high metal prices, the collection and processing of old jewelry, electronics and other sources of gold became more profitable, which attracted the attention of processing companies.
Price guide:
| # | Name | Series | Images | Amount € | Weight | Denomination | Year | Quality | Rating RR |
|---|---|---|---|---|---|---|---|---|---|
| 80 | The American Eagle | The American Eagle |
|
37 | 1 oz | 1 Dollar | 2006 | BU | 50 |
| 102 | Year of the Dog | Australian Lunar Calendar I |
|
83 | 1 oz | 1 Dollar | 2006 | BU | 63 |
| 142 | The Somali Elephant | African Wildlife: Somali Elephant |
|
173 | 1 oz | 1000 Shillings | 2006 | BU | 70 |