by honylny
"It’s a sign of the times. Turn on the TV or the radio these days and you are bound to hear a commercial by some company urging you to sell them your gold. Signs and billboards also abound everywhere with the same message. Sell us your gold. What is behind the proliferation of companies wanting to buy up precious metals? Do these companies know something that the rest of us don’t know?
Well, it’s no secret the United States, indeed most of the world as well, is in a severe economic recession, if not even a full blown depression as some economists argue. What these companies, as well as many savvy individuals, are doing is putting their money where it has always been safe throughout history. With the US Dollar, and other paper currencies throughout the world, in wild fluctuations and convulsions, if not outright free-fall, a safe haven for wealth is being sought. Precious metals such as gold and silver are providing that haven.
Indeed, even billionaire George Soros recently suggested through the general media that gold was a huge bubble with the implication that values would soon plummet. What the financial media reported, but the general media ignored thereafter was that Mr. Soros subsequently increased his investments in gold. So he was telling the rest of the world to sell their gold, while buying more of it himself. Now would someone like Soros really put his money into gold if he truly believed values would fall?
The lesson here is that just as it has been throughout history precious metals have been a safe place to hold wealth. The wealthy know it, and so do the hoards of companies springing up everywhere looking to buy your gold. There is one sector in precious metals that is available to all, and may even be the best place to put money in these troubled economic times. That is numismatic coins, and specifically high grade collector gold and silver coins.
Not only do numismatic coins have the intrinsic value of the precious metals from which they are made, but they also historically increase in value because of collector demand. This is a 100 billion dollar world-wide market and growing every year. In the turmoil and tumult of the current economy numismatic gold and silver coins just may be the safest place for people throughout the socio-economic spectrum to place their hard earned money. Historically, these hard assets have increased in value while the value of other assets has fluctuated. In these uncertain times, it is comforting to know tangible assets in the form of gold and silver numismatic coins are available for protecting your financial future.
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