Tuesday, June 03, 2008

How Are Record High Gold Prices Affecting Coin Dealers' Business?

Rising gold prices has been very profitable for coin dealers, especially those who deal in bullion-priced products as well as collector coins. When gold surpassed its 1980 high of $850 at the beginning of 2008, activity soared. As the rose to more than $1,000 in mid-March, volume rose even more.

My company's monthly sales volumes during the first five months of 2008 have been the five highest sales volume months since the end of the 1980 bullion boom. Yes, higher than October 1987 when the U.S. stock market crashed, higher than the reaction to the failure of Long Term Capital Management in 1998, higher than the months preceding January 1, 2000, and even higher than after September 11, 2001.

The surge in activity has been . . .

Full story at: Link

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