Monday, July 7, 2008

“Confident Collectors are Aggressively Buying”

This sounds loaded, but its the truth. After a brief dip in the spot price of gold, the rare coin surge higher continues. Fortunately for coin investors, no dip was experienced. Gold’s mood swings have seem to have nothing but a positive effect on the market. Those investing in rare coins that are patient and watch the economy around us falter; will be the winners in the investment arena. Investment guru Warren Buffet recently said inflation is “exploding.” “Whether it's steel or oil ... We see it everyplace.” In the history of the rare coin marker it seems that inflation is the number one force that prompts the increase of rare coin prices. There are still so many truly rare coins that are affordable and increasing in value. This will not continue forever as “confident collectors are aggressively buying rare and interesting coins”, said the CDN