Catalog year: 2007
In 2007, the global metals, investment coins and bullion market was characterized by a number of interesting trends and events:
2007 was part of the period of the commodity boom that began in the early 2000s. Prices for many metals have reached record levels. High demand from fast-growing economies, especially China and India, has driven up prices.
The price of gold continued to rise in 2007, reaching about $800 per ounce by the end of the year.
Silver: showed growth, although more volatile than gold.
Platinum and palladium: Both metals have shown significant price increases, largely due to demand in the automotive industry.
Copper prices have reached record levels due to high demand in construction and electronics. Aluminum showed a strong price increase. Experienced significant volatility, but generally remained at high levels.
Mining companies increased investments in exploration and development of new deposits. There were some supply disruptions due to strikes and technical problems at large mines. Increased attention to the environmental consequences of metal mining. The growing interest in "green" technologies in metallurgy. Some countries have introduced or considered restrictions on the export of strategically important metals.
Overall, 2007 was a period of high activity and growth in the global metals market. This year preceded the global financial crisis of 2008, which subsequently had a significant impact on this market, changing many trends and priorities of investors.
2007 was part of the period of the commodity boom that began in the early 2000s. Prices for many metals have reached record levels. High demand from fast-growing economies, especially China and India, has driven up prices.
The price of gold continued to rise in 2007, reaching about $800 per ounce by the end of the year.
Silver: showed growth, although more volatile than gold.
Platinum and palladium: Both metals have shown significant price increases, largely due to demand in the automotive industry.
Copper prices have reached record levels due to high demand in construction and electronics. Aluminum showed a strong price increase. Experienced significant volatility, but generally remained at high levels.
Mining companies increased investments in exploration and development of new deposits. There were some supply disruptions due to strikes and technical problems at large mines. Increased attention to the environmental consequences of metal mining. The growing interest in "green" technologies in metallurgy. Some countries have introduced or considered restrictions on the export of strategically important metals.
Overall, 2007 was a period of high activity and growth in the global metals market. This year preceded the global financial crisis of 2008, which subsequently had a significant impact on this market, changing many trends and priorities of investors.
Metal | Average Closing Price | Year Open | Year Low | Year High | Year Close | Annual % Change |
---|---|---|---|---|---|---|
Silver (XAG) | $13.38 | $13.01 | $11.67 | $15.82 | $14.76 | 14.42% |
Gold (XAU) | $696.43 | $640.75 | $608.3 | $841.75 | $836.5 | 31.59% |
Palladium (XPD) | $357.57 | $342 | $322 | $385 | $370 | 12.12% |
Platinum (XPT) | $1306.22 | $1136 | $1120 | $1544 | $1534 | 37.21% |
* The table shows the average prices for the year based on stock exchange data for 1 ounce of metal.
Price guide:
# | Name | Series | Images | Price € | Weight | Denomination | Year | Quality | Rating RR |
---|---|---|---|---|---|---|---|---|---|
81 | The American Eagle | The American Eagle | 39 | 1 oz | 1 Dollar | 2007 | BU | 50 | |
103 | Year of the Pig | Australian Lunar Calendar I | 84 | 1 oz | 1 Dollar | 2007 | BU | 64 | |
141 | The Somali Elephant | African Wildlife: Somali Elephant | 182 | 1 oz | 100 Shillings | 2007 | BU | 69 | |
167 | The Somali Elephant - gilded | African Wildlife: Somali Elephant | 142 | 1 oz | 100 Shillings | 2007 | BU Gilded | 74 |