Buying into precious metals has a different meaning to cultures in various parts of the world. The fundamentals for seeking the yellow and white metals come from different schools of value. Collecting gold and silver has an array of loyalists rooted in financial security, religious dogma, economic principal as well as its intrinsic beauty sought after by collectors.
China’s appetite for gold and silver is legendary. Its renewed national economic principal for precious metals came last Fall when the largest state owned television company campaigned for its citizens to buy precious metals. China’s gold and silver appetite already out paces Western countries and this announcement underlines China’s belief in precious metals in the future as the ultimate store of value.
China’s appetite for gold and silver is legendary. Its renewed national economic principal for precious metals came last Fall when the largest state owned television company campaigned for its citizens to buy precious metals. China’s gold and silver appetite already out paces Western countries and this announcement underlines China’s belief in precious metals in the future as the ultimate store of value.
India also sees a future in precious metals. Its recent purchase of 200 tonnes by its central bank underscores its national policy for financial security. And India’s Hindu culture celebrates gold and silver on Akshaya Tritiya – Hindu Gold Rush Day. Hindus believe anything on this day will be replenished including the purchasing of gold and silver including collectible coins. India will always have gold and silver on its menu with more and more mouths to feed and its corresponding desire to protect its financial system with underlying hard assets.
In the United States, a recent legislative bill has been introduced in Congress to ban taxes on coins and bullion and repeal legal tender law – another sign of the value of gold and silver in our economic future. If this bill passed it would encourage a system based on competing currencies that the United States has a rich history of before Congress passed legislation making the US Mint the legal currency issuing authority. This bill would also end capital gains taxes on collectible coins. The likelihood of this passing the House and Senate and being signed into law may be slim, yet it underlines the importance precious metals will continue to play in our economic future.
With the various economic forces and national policy for precious metals continuing to increase its importance, we believe the strong investment value of collectible coins will continue into the future. In our vaults now, which we believe has strong potential for increasing in value, the Canada 2009 $300 Summer Moon Mask 2oz 14kt Gold Proof Coin. Remember, there are no guarantees about whether or not a coin or any collectible, material thing or instrument in any asset class including collectible coins as an asset class will increase in value. 
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