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Outlook for Gold & How it Can Boost Rare coins

  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 coins simply can not. Most all rare coins have finite … Read More

What Does the Worst December Start in the stock Market Mean for Gold ?

    The week of December 10-14 2018 marks the worst December start in 38 years for the US stock market. On top of the terrible first two weeks this month, the Federal Reserve will conclude a policy meeting on Wednesday. The result of that meeting should see a 1/4% interest rate hike. This policy could likely deal another upper cut punch to already reeling market. The Dow Jones Industrial Average  dropped nearly 500 points, leaving it more than 10% below its early October all-time closing high, meeting a widely used definition of a market correction. It joined the S&P 500  and the Nasdaq Composite  which were already in correction mode. The S&P and Dow are negative for 2018. Today as we are posting this the Dow has opened down over 200 points, S&P and … Read More

The 2018 Gold American Eagle $25 could have one of the lowest mintages for the entire series.

    Sales of American Eagle gold bullion coins in 2018 are heading toward an low production number, with the number of 2018 $25 gold coins sold challenging the 1991 release for lowest mintage in the series. The 1991 $25 is the king for now as far as lowest minted $25 Gold Eagle and commands a hefty premium for high graded examples. If the new king of the hill does turn out to be 2018 the premiums should follow suit! Owning these Gold Eagles now is a must for collectors before the end of 2018 while premiums are still low.  The exact number won’t be known until the Mint releases audited sales totals in 2019,so there is still time to act. … Read More