Week
of April 10th, 2006
Spot gold tops $600 mark and is poised to trade as
high as $700 an ounce this year ….
Gold hit $600 an ounce for the first time since 1980
as investment funds scrambled for alternatives to
stocks, bonds and foreign exchange. Considered a hedge
against uncertainties during troubled times, Gold
has risen around 16 percent this year and about 40
percent in the past 12 months. Silver has jumped as
well to $12.50 an ounce, the highest level since August
1983.
Taking this into consideration and then adding the
“Rarity Factor” presented by early United
States coinage, the savvy investor is surmising that
Rare Coins is the place to be…particularly,
Proof Coins.
Proof coins typically have a limited mintage and their
prices are determined by multiple factors, including:
mintage, rarity, condition, age, the price of the
particular metal, and demand. Due to their numismatic
significance, proof coins typically carry a premium
over their metal content, or bullion value. Their
values, historicaly do not waver up and down as, for
example, the stock market.
We are seeing the majority of our proof gold sales
go into the hands of “Private Collectors”
whom intend on putting them away for a very significant
period of time. “Proof gold american coinage
is such a strong asset we may not see many of these
specimens again in our lifetime.”
Investors and collectors alike are finding our website
every day and commenting on how “amazing”
it is and most importantly how “amazing”
our inventory is. We are getting new clients every
week telling us how refreshing it has been to finally
find a source for “True Numismatic Rarities”.
At this point I can not stress enough, if you have
your eye on a particular coin, do not hesitate to
call. I can’t tell you how many times we’ve
taken a coin down or posted it “sold”
and within hours we’ve received numerous calls
asking “What happened to that coin, I’ve
been watching it and now it’s gone.”
Now
is not the time to hesitate on such signifcant extreme
rarites… Goldman Sachs JBW said in a client
note it believes bullion could trade as high as $700
a ounce this year and we strongly believe this. So
if you haven’t already done so…”Diversify”
and pull the trigger on “early gold or proof
gold United States Coins. The basis of portfolio diversification
is owning assets that move independently from each
other. The main reason to diversify is straightforward:
Being exposed to investments that aren't highly correlated
-- investing jargon for how closely they move together
-- offers greater assurances of capturing the market's
highs and cushioning its lows. In this way, you smooth
portfolio volatility -- those unsettling performance
swings -- and enjoy a more comfortable, if not more
profitable, ride.
Please feel free to give us a call if you have any
questions that you would like us to answer. You will
always get personal service from either myself or
my father David. You'll see that we are a "cut
above" the rest. Our mission is to get you the
best coins on the market at the fairest prices.
Very Best,
Dean Albanese
dean@coinace.com
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