Now is the time to act on the falling prices of precious metals.
On July 1st 2011, the price of gold was at a price of $1,498/oz. Today, June 22nd 2012, the price is at $1,567/oz and has a downward trending pattern right now. Which interestingly follows suit to last years pattern. Through the 2011 summer months the price of gold soared to World All Time high of $1,907/oz on August 28th 2011. I myself am a firm believer in learning from history and believe that by end of summer 2012 the price of gold will be significantly higher than it is today.
If you invested in gold last summer I'm sure you are already aware of this trending pattern. If not, I advise you to do your research and make an educated decision on whether or not to invest in precious metals. In the fall of 2011 there were two types of gold investors, the type that said, "Ya know, IF I would have invested in gold in June of 2011 I would have received a 22% return on my investment in just 3 short months.", keyword "if". Or the type that is enjoying the fruits of such a high ROI.
Gold can take a significant amount of money for a substantial investment. On the other hand, Investing in Silver allows you to get more weight for your dollar. Just as Gold, in the same time frame of June 2011 to Sept 2011, Silver also had a significant increase in spot price. From $33/oz to $43/oz. A 23% percent ROI. Fast-Forward to today and the spot price of Silver is at $26.96/oz. I don't know what comes to mind when you see that figure. But in my mind I see the perfect opportunity to buy.
Now to bring this concept to a numismatic field. When you factor in the power of human emotions and impulses, it has been proven time and time again that adding a theme to modern world rare coins can tremendously increase the prices. For instance, the Panda series coming from China has shown HUGE increases in prices. A panda that sold for $2,249 in April 2008 was sold for $41,669 at auction in March 2011. That is absolutely incredible! The value of this coming purely from an extremely limited mintage and popularity of a theme.
In the end, it comes down to doing the research and making an educated guess. We cannot predict the future, but we can plan to create a better future.
Remember, there are no guarantees about whether or not a coin or any collectible, material thing or instrument in any asset class will increase in value and past performance of a coin's return is not indicative of future results.
On July 1st 2011, the price of gold was at a price of $1,498/oz. Today, June 22nd 2012, the price is at $1,567/oz and has a downward trending pattern right now. Which interestingly follows suit to last years pattern. Through the 2011 summer months the price of gold soared to World All Time high of $1,907/oz on August 28th 2011. I myself am a firm believer in learning from history and believe that by end of summer 2012 the price of gold will be significantly higher than it is today.
If you invested in gold last summer I'm sure you are already aware of this trending pattern. If not, I advise you to do your research and make an educated decision on whether or not to invest in precious metals. In the fall of 2011 there were two types of gold investors, the type that said, "Ya know, IF I would have invested in gold in June of 2011 I would have received a 22% return on my investment in just 3 short months.", keyword "if". Or the type that is enjoying the fruits of such a high ROI.
Gold can take a significant amount of money for a substantial investment. On the other hand, Investing in Silver allows you to get more weight for your dollar. Just as Gold, in the same time frame of June 2011 to Sept 2011, Silver also had a significant increase in spot price. From $33/oz to $43/oz. A 23% percent ROI. Fast-Forward to today and the spot price of Silver is at $26.96/oz. I don't know what comes to mind when you see that figure. But in my mind I see the perfect opportunity to buy.
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| China 2012 1/2oz Gold Panda |
In the end, it comes down to doing the research and making an educated guess. We cannot predict the future, but we can plan to create a better future.
Remember, there are no guarantees about whether or not a coin or any collectible, material thing or instrument in any asset class will increase in value and past performance of a coin's return is not indicative of future results.
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