Back in February we warned that gold prices were projected to fall in 2013 & 2014 and we offered possible exit strategies to sell your gold.
Rare Coin Wholesalers (RCW) announced the release of their latest article, "Gold Prices and Inflation Fears." In the article, Dr. Scott Sumner, economist and writer for RCW, claims that the internet is full of commentators predicting high inflation, and they are using that argument to sell gold. He explains that since July 2008 inflation has averaged only about 1.2%, the lowest rate over any similar period since the mid-1950s.
Gold has had its biggest sale by investors on record and its worst start to a year in a quarter century.
Did the commercial market pause to digest recent gains at the American Numismatic AssociationWorld’s Fair of Money Aug. 16-19 in Denver, or is it the beginning of a slump?
The rare coin market is poised for a climb, Steven L. Contursi indicated as he made nearly $1.6 million of the total $5.3 million winning bids in an Oct. 29 auction in Las Vegas, Nev., by Bowers and Merena Galleries.
