Gold over $500! Silver tops $9! Year off to a strong start
quickwing
Posts: 1,155
The new year is off to a pretty good start as precious metals soar in the first official
business day of 2006. Gold closed above $530 per ounce gaining $13.60 while Silver moved
over $9. Weakness in the U.S. Dollar and concerns of higher rates of inflation made buying
Gold an easy decision for investors. Obviously the strong demand for Gold and Silver bodes
well for the rare coin market, and for those interested in keeping last year’s momentum
intact. Bids are increasing for bullion sensitive coins, but more importantly it makes
conditions ripe for greater interest and entry into the rare coin market. The sharp increase
may also play a role at the first major rare coin show of the year, the Florida United
Numismatists Show in Orlando. Many dealers are already in Florida participating in the
auctions and searching the bourse for those deals too good to pass up. This is a golden
opportunity for dealers to buy some coins for their clients who have yet to see their want lists
satisfied. It looks as if the market in 2006 is picking-up right where it left off in 2005 as there
continues to be strong demand for key dates and coins that have low population numbers.
Jan 2006 Front Page of the Graysheet
business day of 2006. Gold closed above $530 per ounce gaining $13.60 while Silver moved
over $9. Weakness in the U.S. Dollar and concerns of higher rates of inflation made buying
Gold an easy decision for investors. Obviously the strong demand for Gold and Silver bodes
well for the rare coin market, and for those interested in keeping last year’s momentum
intact. Bids are increasing for bullion sensitive coins, but more importantly it makes
conditions ripe for greater interest and entry into the rare coin market. The sharp increase
may also play a role at the first major rare coin show of the year, the Florida United
Numismatists Show in Orlando. Many dealers are already in Florida participating in the
auctions and searching the bourse for those deals too good to pass up. This is a golden
opportunity for dealers to buy some coins for their clients who have yet to see their want lists
satisfied. It looks as if the market in 2006 is picking-up right where it left off in 2005 as there
continues to be strong demand for key dates and coins that have low population numbers.
Jan 2006 Front Page of the Graysheet
OLDER IS BETTER
0
Comments