Since gold jumped over the $1,000 mark Sept. 11, Kirk Kelly of the Coin Depot, Greenville, S.C., says his sales of the precious metal have increased dramatically.
Some days or weeks you would think that the only thing that mattered was the price of gold and silver. Certainly they are important. Prices of many coins are based almost completely on the prices of the metals they contain.
We certainly have been on a roller coaster ride in precious metals. Silver reached a pinnacle of $49.82 this past week and very nearly touched the 30 to 1 ratio with gold.
The big story this week is the continued retreat in the precious metals sector and its effect on bullion-related type gold coins.
Nothing like a sales suspension to goose sales. Huh?
The first two First Spouse half-ounce $10 gold pieces sold out on the first day the Mint offered them for sale June 19.
Gold bullion prices have come to life in the last few days, with an ounce of the precious metal pushing past the $1,330 mark.
Are the Gulf Arab states buying up all the physical gold they can? Why did gold and the other precious metals have a sharp price decrease after the Dec. 8 and 9 blowoff high? The Dubai gold market was hyperactive in December. That is not a definitive