In November 2016, Forbes magazine (commonly known as “Forbes”) published an article titled “Four Reasons Why Gold Is A Bad Investment.” Despite being a business magazine with a stellar reputation, established 1917, they really missed the boat with this article.
On our Specials Pages, we offer for sale—at really low prices–various forms of gold and silver. For example, on our Gold Specials Page you will often find small old European gold coins, old US gold coins, scratched or slightly dinged coins, and commemorative coins.
As can be seen in the graph, the world’s central banks were sellers of gold up until the 2008 World Financial Crisis (WFC). After which, they became strong buyers, with the last six quarters seeing significant buying.
I recently received a promotion for MS63 $10 Indian Head coins at the supposedly fabulous price of $1,195 each. The real market for these coins is just above $800.
For the 45 years that I’ve been a gold/silver dealer, I’ve never recommended numismatic or collectible coins. And, I’ve been proven right.
In March 2017, a 100-kg .99999 Gold Maple Leaf was brazenly stolen from Berlin’s Bode Museum. Now, more than two years later, four men are on trial for the theft.
Sometimes it is just as important to know what NOT TO BUY as it is to know what to buy. High premium coins promoted by telemarketers fall into the category of what not to buy.
As silver continues to touch new lows, bearish reports abound. One called it the worst investment ever. Really? The reasons to buy silver lie neither in the metal itself nor its many industrial and medical applications. Silver should be bought because it — along with gold – has for millennia been proven to be safe
As this is written, our Gold Specials Page has XF-grade $5 Liberty Head gold coins at the incredibly low price of 5% over spot, meaning 5% over the value of their gold content. By incredibly low, I mean compared with historical prices, with competitors’ prices and with comparable coins’ prices.
The decline of a nation’s money often parallels the decline of the nation. Rome’s money stands as the classic example; Great Britain’s pound is the contemporary example.