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Precious Metals & Other Commodities
January 14, 2008

What to Look For in 2008

Some more cautions and practical financial analysts are beginning to shift their position in gold to the short term. I think their perspective is focused on the fact that their prior projections have been met. Their expectations for both the US dollar and Gold have now occurred and the markets are branching out into unexplored territory, so reducing a long term position and shifting to short term holdings is the safe thing to do.

Others are still very bullish, considering rising demand and short falls in supply, but I am always skeptical of pie in the sky. Give me something I am sure of and I'll go, but present circumstances do not offer any assurances for me.

It might be time for investors to look towards other commodities for long term safety. Most investors know that it is wise to spread your concerns over a wide area for best stability. Perhaps agricultural commodities are worth consideration?

But of course, we are numismatists and our fascination remains in metal discs, so we'll keep watching gold and silver and buy some of the coins we can afford, just for the fun of collecting.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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