Since our last note on January 7, gold and silver have remained strong. The stock market has also enjoyed a nice rally from it's end of the year correction. The strange part for the paper markets is that nothing has really changed yet it continues up. We will talk about the status quo next time but , we think our customers should exercise some good old common sense! The 2019 government issue American Eagle are out and many of them are shipping out to our customers now. The early bird gets the worm! The First Day Issues and Early release coins graded by PCGS and NGC are on deck and ready to go. If you always add current date coinage to your collection now is the time to grab them. Call us to check … [Read more...]
Archives for January 2019
Outlook for Gold & How it Can Boost Rare coins
January 7, 2019
Gold is pushing close to $1300 an ounce. In fact Gold closed 2018 higher than it had since June last year, while the US stock markets move down. The paper markets posted the worst December since 1931. Its also worth noting the flagship crypto currency, Bit Coin lost over 50%. More than a few banks globally, as well as Bank of America have predicted gold to rise to as much as $1500 an ounce. Below is what we have seen happen when gold pushes to higher levels and paper markets weaken. What we have seen in the past while financial scenarios similar to what is happening now is in short- New buyers in the bullion and rare coin market. While many other markets have the ability to generate an infinite supply, gold and rare … [Read more...]
