drbubb Posted January 5, 2007 Report Share Posted January 5, 2007 Steve Sjuggerud calls Rare gold coins, "the buy of the century" "Even though the price of gold is near its highs, vintage coins have gotten crushed -- creating what I believe is the buy of the century in pre-1933 graded U.S. gold coins. The price of vintage gold coins usually tracks the gold price. But since mid-summer, this relationship has broken down. Gold is near new highs, but pre-1933 graded gold coins have lost a third of their values. It's extraordinary. " . . "I want to own gold for the long run...and right now, the best way to own gold is through graded pre-1933 U.S. gold coins. Your downside is limited, as they've fallen closer to their melt value than they've ever been. And if gold keeps going up, I expect these will go up even more. In the last two coin bull markets, we saw prices rise 665% (in 1987-89) and a whopping 1,195% (in 1976-80). (Those are the returns of the PCGS 3000 rare-coin index.)" ...more: http://www.howestreet.com/articles/index.p...article_id=3565 = = = how do you buy them?? This is an area in which i do not have much experience. Does anyone on GEI know how to buy them without getting ripped off? Where does Steve S's price series come from? Link to comment Share on other sites More sharing options...
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