Market News

Rare coin market in U.S. worth about $5 billion in 2015, PNG finds

Market News | January 11, 2016

A major industry group has issued a new eye-popping estimate on the monetary value of the rare coin market in the U.S. According to a survey of knowledgeable players conducted by the Professional Numismatists Guild, the overall U.S. rare coin market in 2015 was between $4.5 billion to $5 billion, although one expert estimated it […]

Finest super-rare Barber dime commands almost $2 million

Market News | January 8, 2016

The new year is just getting under way, and already the numismatic world has logged its first seven-figure rare coin sale. Whats more, the ultra-rare silver Barber dime zoomed past the $1 million mark only to fall just short of $2 million. Only 24 were minted: An anonymous buyer paid $1.997 million for the 1894-S […]

China gulps more gold, while its top bank snags huge London vault

Market News | January 8, 2016

One of Chinas primary tactics by which to navigate its current perilous financial straights is to devaluate its yuan, or renminbi, currency. The devaluation, among other things, allows China to boost its struggling economy. A weaker yuan increases the competitiveness of Chinese exports and reduces the Chinese propensity to import, Commerzbank strategist Simon Quijano-Evans told […]

Silver could give gold a run for its money, price ratio shows

Market News | January 8, 2016

Gold is enjoying a great start to 2016, but investors shouldnt forget about that other major precious metal: silver. Nicknamed the devils metal, silver is often viewed as a beta play on gold, in that once the latter metal starts moving higher, the former can produce even greater returns on a proportional level. Whereas gold […]

Gold retargets $1,100 as North Korean bomb test boosts safe-haven appeal

Gold | January 6, 2016

Gold broke the $1,090 mark Wednesday to hit seven-week highs after North Koreas claim that it had tested a hydrogen bomb rattled global stock markets, as did news of another Chinese yuan devaluation. This is a fear trade, Michael Smith of T&K Futures & Options told Bloomberg, referring to golds rise after the Korean news. […]