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Friday, August 4, 2023

Silver and Gold Encourage Collectors, Investors

Above, a 2023 American Silver Eagle Proof set. Photo by Armand Vaquer.

Silver's spot price may be down a bit, but that only encourages some of us to buy more of it.

Apparently, I am not the only one who see buying opportunities. The gold and silver prices are encouraging others.

According to Numismatic News:

The market for truly rare coins appears to continue to be on a roll, a roll that will likely reach a new height during the upcoming annual American Numismatic Association convention in August in Pittsburgh. Strong attendance has been reported at two recent regional coin shows despite each having been held in July. Others from whom I haven’t heard likely are experiencing similar attendance.

The stable (and attractive) spot prices of both gold and silver are encouraging collectors as well as investors to buy American Eagle coins. Gold will likely to perform well as long as the dollar continues to demonstrate weakness in world currency markets.

To read more, go here

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