THE AMERICAN ADVISOR, FALL 2008

Fall 2008 American Advisor

Gold's Future? Follow the Fundamentals

By Mark Albarian, Executive Chairman

Gold, like any precious metal, should be viewed as a long term investment. This
is true in part because even in the most bullish of markets, there will be periods of volatility. For
example, during our current bull market, gold.... Click here to read more.

The "Mac" Crisis:

A Sign of Things to Come
Joseph C. Battaglia

When two of the nation's largest mortgage lenders, Freddie Mac and Fannie Mae, announced their second quarter losses, even some experienced analysts were shocked. Between the two companies,
these losses amounted to more than two billion...

Morgan Silver Dollars:

A Silver Favorite for Collectors and Investors
Joel Gabrelow, Director of Numismatics

One of the most popular silver coins acquired by investors and collectors seeking a coin with both intrinsic and collectible value is the Morgan silver dollar. Named after its designer,
George T. Morgan, the Morgan silver dollar is a coin steeped in American history. The story of the Morgan silver dollar begins with...

The Alphabet Soup of Coin Grading

Robert J. Fazio, President

It's rare (no pun intended) for an investment grade coin to be identified without a description of the coin's condition. That description, however, can be confusing to someone who isn't familiar with coin grading especially since, like most industries, the coin world often relies upon initials or slang to describe their products. To help you better understand some of the more common grades and descriptions, I've.... Click here to read more.

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S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."