INVESTOR ALERT: A TURN IN THE COIN MARKET!

In August of 2005, we entered stage two of this long term tangible asset bull market. Since that period of time, both gold and silver have risen significantly and now have retraced part of that gain.

Over the last month and a half, the precious metals markets have given back about 30% of the gains they had seen since their highs in May of this year. If you remember, in May, we were staring at gold price of $730 an ounce and Silver was trading up around the $15 level.

1. The most recent numbers in the housing market do not look that exciting and most analysts feel the downtrend in real estate has just began.
2. The Fed continues to print money like drunken sailors.
3. The trade deficits continue to grow.

The coin market is part of the gold and silver markets I like to call, either insurance with a kicker or the speculative part of the gold and silver market.

Coins such as the $20 Double Eagles, $10 Eagles, $5 Half Eagles in Gold and the older Silver Dollars, either Morgan Silver Dollars or the Peace Silver Dollars. These are true American pieces of history and they represent the REAL MONEY we as a country used to deal in.

Examples of what to look at now:

• Silver - 20 coin rolls of Peace Silver Dollars in Mint State 60 or uncirculated condition.
• Gold - $20 St. Gaudens in Almost Uncirculated condition.

I deal with Pat & Linda Gorman at Resource Consultants Inc. and relied on their newsletter for this information. They can be reached at 1-800-494-4149

ADDITIONAL READING:

1. Gold & Silver Stocks Confirm Buy Signal
2. Five Ways to Own Bullion
3. The Silver Intersection
4. We will prosper with Silver
5. $30 million and $80 million
6. Golden Bull - Rested & Revived