Market News

Gold could double if Chinas credit bubble gets messier, Marc Faber says

Investment | January 12, 2016
With some analysts predicting that the gold price could fall near $1,000 later this year, especially if the Federal Reserve follows through on several interest-rates hikes, HSBC is going against the grain with a modestly bullish forecast. The safe-haven-inspired demand for gold rests on the interconnection between the state of the gold market and the…

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…

Coin grading: Why CAC matters in todays era of slabbed coins

Market News | January 11, 2016
By Douglas LePre, Senior Portfolio Manager at Blanchard and Company, Inc. Over the last 30 years, the coin market has changed dramatically. Initially this market was primarily for collectors who built sets as a hobby there were no grading services and very few auctions where coins sold for six figures, let alone seven. Its truly…

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…

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…