James Dines, Gold Bug & Saint Collector, R.I.P.
Happened a bit over a year ago, but I just found out recently and didn't see any threads or posts on this. What made him different from lots of other "Gold Bugs" was that he was also a collector and had some nice gold coins, notably Saints (I believe some of them have his name on the label).
I followed Dines in the 1980's when I was just getting into the markets. This was the decade of the investment newsletter writers, and they had the ability to move the markets: Dines, Robert Prechter, Richard Russell, Stan Weinstein, Al Frank, Robert Farrell of Merril Lynch, Elaine Garzarelli of Lehman Bros., Laslo Byrni of Salomon Brothers, etc. I remember them all and how everybody waited for their mailed or faxed reports.
I saw some of them on the old Financial News Network (FNN, predecessor of today's CNBC) or the Nightly Business Report (anybody remember the humourous Paul Kangas ? ). Dines tended to be a bit too bearish overall but he did make some very good calls regarding secular moves in stocks and/or gold (though some would say this was a stopped clock being right 2 times a day)
I believe the Dines Collection is available as one of the search-topics on the Heritage Archives, I'll have to check.
Comments
See the link below for the coins Heritage auctioned from the James Dines "Original Goldbug" Collection. It included a small number of non-gold coins, as well.
https://coins.ha.com/c/search-results.zx?N=3183+790+231+4294945749+4294945283
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Thanks for the heads-up, Mark.