The end of 1998 was like a blast from the past. Gasoline prices fell to under $1 in urban, suburban, and remote areas alike. Mortgage rates for homes slipped to a low of roughly 6.49 in early November, and gold prices sunk to 1979 levels. What does this mean for you? The price of gold has remained steady around $270 to $300 for quite some time. But with the turbulence in recent markets and worry over what the Year 2000 will do to financial and stock records etc., many are flocking to add gold coins to their cache. Since gold coins provide a hedge against the uncertainty of financial assets, they have been a store of value for centuries-- and I don't think that will ever change. In FACT, in a chaotic WORLD market situation, gold could actually go up 10X from current prices.
It is important to note that in 1999, the public will want to buy coins and the supply of superior, properly graded coins is not enough to satisfy the current demand. Economics 101 suggests, then, that the price of gold coins will go up with such high demand. This is especially true for early coins and coins with punch. It seems that renewed interest from old-time collectors and investors, combined with the demand from new market participants is causing wholesale dealers' inventories to evaporate. Even dealers who import gold from Europe are finding high quality coins difficult to locate.
When you select coins, you must minimize your risk by assuring that the coins you purchase are rare, of high quality and represent strong current value. For the most part, gold bullion has been weak for years. However, the recent interest in the price of gold and increased demand has caused the lower end of the gold coin market to respond dramatically. Circulated $5, $10, and $20 gold pieces are in huge demand, as price premiums continue to grow. In the uncirculated grades of coins, prices have also increased. Coins do have a life and price cycle of their own irrespective of bullion. When gold bullion prices increase, it generally causes the price of numismatic coins to increase. But, numismatic coins do not need the gold price to go up for their prices to rise, a phenomenon we have recently witnessed.
Photo by CoWomen from Pexels. Morbi sollicitudin nibh eu dignissim mollis. Etiam turpis tortor, ultricies sit amet placerat suscipit, auctor eu diam.
Photo by CoWomen from Pexels. Quisque tortor justo, pharetra in eros sed, accumsan dapibus dolor. In luctus sed ante a tristique.
You cannot re-distribute our template on your website for download. Ut ornare pulvinar lorem a elementum. Cras sollicitudin ante velit, eget facilisis sem viverra nex. Etiam quis mattis urna.
Maecenas maximus tellus in dolor auctor tristique. Nam hendrerit posuere laoreet. Aliquam erat volutpat. Nulla eros est, imperdiet vel feugiat non, ullamcorper mattis nulla.