Rosen Numismatic Advisory
MrEureka
Posts: 23,892 ✭✭✭✭✭
Did you see their ad in the Nov 6 issue of CW, page 86? They are predicting a major influx of institutional money coming into coins, and specifically into proof gold. I feel like I've seen this movie before.
Your comments, please.
Your comments, please.
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Comments
No. And it's not an article, it's an ad for their newsletter.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
<< <i>Did you see their ad in the Nov 6 issue of CW, page 86? They are predicting a major influx of institutional money coming into coins, and specifically into proof gold. I feel like I've seen this movie before.
Your comments, please. >>
I couldn't sit still for it the last time and walked out long before the great exodus.
If it happens it will hurt collecting and if people believe it will happen it will hurt the
hobby. It it didn't happen last time it's less likely to happen this time but hardly im-
possible. Outsiders might be enticed to believe that coins are fungible but collectors
know that this isn't really true even for moderns nor mint packaged ultramoderns.
Be very wary if it looks like it might happen. You'll need to protect your purchases
at every level.
Actually, since he raised his flag to go bullish on the coin market a couple of years back, proof gold and carefully selected type (silver and gold) coins have been consistently on his recommended list. If anything, the institutional money that has been predicted to enter the market has been rather slow to take to "type" coins. One has to wonder if they'll enter before the eventual recession shows up.
I've read any number of coin newsletters in the past 25 years and the RNA has been the best of the bunch imo. I have to tip my hat to Maurice as it was he who opened my eyes to the impending gold run back in the fall of 2001. At that time he was interviewing gold and currency guru Jim Sinclair who was forecasting an imminent return to a gold bull. Jim's discussion on the then $100 TRILLION derivatives market (it's over $300 TRILL today) was quite eye opening. I was on board by December 2001 thanks to Maurice and Jim.
The inflationary liquidity train is still headed at the rare coin market.
But one must caution that with the potential for recession. This time around the US is not carrying the weight of the world as it did in 1980 and 1990 when coins twice crashed hard. The liquidity being pumped into the world market by foreign nations (esp China, India, Russia) could be more than enough to keep gold moving along, and with it, the rare coin market. Proof gold is one of the best places to park some liquidity. While this type of market speculation puts the collectors out to pasture for a while, there's not much that can be done about it. I don't see anything different occuring this time around. Frankly, I've been discussing this with another forum member and it seemed like the opportunity to buy nice 19th century classic coins right ended around 2002-2004.
roadrunner
proof gold coins as in modern proof gold coins or classic proof gold coins from the 19th and early 20th centuries?
roadrunner
<< <i>Did you see their ad in the Nov 6 issue of CW, page 86? They are predicting a major influx of institutional money coming into coins, and specifically into proof gold. I feel like I've seen this movie before.
Your comments, please. >>
What does this have to do with the upcoming FUN auction?
(Or am I way to cynical?)
Ed. S.
(EJS)
(Or am I way to cynical?)
Good question, and you're certainly not "too cynical". However, I don't believe that there is a connection.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
I agree. We can't buy into them if we don't know what they are.
Re Rosen Numismatic Advisory newsletter,
This is a great newsletter and you should check it out.
One of the key components to my success in the rare coin business was the monthly newsletter...David Hall's Inside View...that i wrote between 1979 and approximately 1998. It brought customers, influence, and profits. I started my newsletter at the suggestion of my father-in-law who said "I take dozebs of stock market newsletters and there are hundreds of them. But there's not many coin advisory newsletters. I only know about Rosen's Numismatic Advisory. David, you should should write a newsletter like Rosen's." And indeed, the Rosen Numismatic Advisory newsletter was my inspirattion.
Again, sheck it out if you get a chance.
David
PS...I've known Maurice since 1872 and he's a very smart guy.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Camelot
<< <i>PS...I've known Maurice since 1872 and he's a very smart guy. >>
You've held up amazingly well, Mr. Hall...keep on keepin' on
keeps him looking young. Must be the residual tannins.
Camelot
<< <i>PS...I've known Maurice since 1872 and he's a very smart guy. >>
Not only is he smart but,, very , very old. Congrats on 135 big ones !
- Marcus Tullius Cicero, 106-43 BC
Proud recipient of two "You Suck" awards
<< <i>Sheck it out? David, yu spel just lyke eye doo. >>