Investment-Grade Rare Coins Still Some Of 2011’s Hottest Investments
June 7, 2011 – Gold and silver spot prices continue moving upward, thus causing many investors to flock to investment-grade rare coins as their secret weapon from the uncertainty that lies ahead during this “economic recovery.” Gold’s spot price is currently sitting at $1,544.70 per ounce, up $.80 for the trading day as silver’s spot price is sitting at $37.14 per ounce, up $.34 for the trading day. Both metals have shown impressive upward movement throughout 2011, and many investors believe that this is just the beginning of a powerful bullish trend that is caused by higher inflation, a weakening United States Dollar and negative real interest rates. As a result of this, several investment-grade rare coins have increased in value more than 20% since the beginning of the year.
The strength and value of gold and silver investment-grade rare coins will be mostly dependent on investor sentiment towards the United States Dollar. As of right now, it appears that many investors are straying away from the dollar and dollar-backed investments after weak economic data showed slower growth, higher inflation and overall lower confidence in the dollar. This type of negative economic data causes wise investors to retreat from dollar-backed assets in exchange for a more effective store of wealth. This is precisely why the demand for gold and silver investment-grade rare coins continues to skyrocket, because historically, both metals tend to thrive when stocks, bonds and real estate flounder. With this being said, doesn’t it make sense to protect our hard-earned wealth with some of the most powerful safe-haven investments known to man?
Shawn Penny
Senior Staff Writer - Rare-Coin.org
