Gold Price Holds Steady as Geopolitical Risks Mount

Gold traded for most of last week in a range between $1295-$1320 as economic and political tensions mounted around the globe. Trading hit the $1340 level the previous week to reach a new four month high in response to the suspension of the shares of the largest bank in Portugal, Banco Espirito Santo, after a collapse of its share price by nearly 20%. Portuguese national bonds hit nearly 4% as concerns grew over the stability of the Portuguese economy and the lack of confidence was spread to other European countries as well. The Banco Espirito Santo shares rebounded later in the week as it sufficiently rebuffed concerns over its ability to meet capital requirements, but questions linger about the health of the Portuguese economy and that of Europe as a whole.

Meanwhile, a commercial jet was shot down over Ukraine killing over 300 passengers and crew. The Malaysian Airlines jet […]

By |July 23rd, 2014|Categories: Gold News|Tags: |

Determining the Value of Your Rare Coin Collection

For those looking to buy rare coins, sell rare coins or just to determine what their rare coin collection is worth, there are several factors that must be considered in discovering what kind of prices these rare coins command. Some of the main factors in determining rare coin value are condition, grade, scarcity, demand and melt value.  Let’s take a look at each of these criteria.
Rare Coin Condition and Grade
The highest grades of rare coins are uncirculated and mint states. Uncirculated coins are straight from the mint and have no wear whatsoever, with a shine to them as bright as the day they were minted. Maximum value is retained in this condition, and this is the ideal condition for rare coin collectors. Mint state perfect (MS-70) is the highest possible grade, with no flaws visible by microscope at 8x power, sharp and centered strike, and a bright luster reflected […]

By |July 21st, 2014|Categories: Rare Coin News|Tags: |

Caring for and Storing Your Rare Coin Collection

Rare coin collections are personal items, often of considerable value, that need to be stored and handled properly to maintain the value and integrity of the coins. Rare coins are for the most part metallic (there are some ceramic Asian coins and coins of other materials) and will not respond well to certain climactic and storage factors, especially if your coins are not protected in a grading slab.

Humidity is arguably a rare coin collection’s worst enemy.  With the exception of gold, metal coins do not respond well to water or water vapor that is present in humid air, which can wreak havoc on your coin collection if the coins are not stored and protected properly. Another factor is the quality of air where you live and where your rare coin collection is stored.  Poor air quality and air pollution will cause damage to rare coins just as it would on […]

By |July 16th, 2014|Categories: Rare Coin News|Tags: |

Gold Rises Close to a Four Month High

Gold continued its bullish run last week as it traded at the $1340 an ounce level late on Friday, reaching its highest level in nearly four months. The rise in gold demand was fueled by increased violence in the Gaza Strip as Israel increased rocket attacks and made plans for ground troop movements, both of which increased safe haven demand for the yellow metal. U.S. equities, conversely, fell during the week in what was nearly the largest one week drop for U.S. stock prices since April of this year. Concerns linger over the combined threat of rising interest rates from the Federal Reserve and growing international geopolitical tensions that could finally burst the equities bubble, and that will cause even more reason for optimism for precious metals investors.

Safe haven demand for gold was furthered last week by other factors as well, including growing concern over the true health of the […]

By |July 14th, 2014|Categories: Gold News, Silver News|Tags: |

Investment Strategies for Accumulating Silver – Part 2

This article is a continuation from Investment Strategies for Accumulating Silver Part 1.  Please click the link to read part 1.

For silver investors who prefer one ounce coins as opposed to junk silver or low premium silver bars, there is no shortage of attractive silver investment options. The most desired silver coins by silver investors continues to be the classic and the standard of all rare silver coins, the American Silver Eagle. With sales projected to hit nearly 50 million ounces this year, the Silver Eagle is a runaway best seller that is guaranteed by the United States government and is very easy and efficient to both buy and sell. They are available for purchase as basic silver coins or as proof versions, which sell for a premium over their silver content. A major benefit of American Silver Eagle coins is that they are the only silver coins that can be […]

By |July 11th, 2014|Categories: Silver Investment, Silver News|Tags: |