In the past decades, there has always been a recessing trend in the rare coins and collectibles market. However, the same market has experienced an increasing interest in recent years. For this year, the sale of US gold coins (and collectibles) has been a hot topic among collectors. However, these collectors are not looking for random-year coins.
The financial market proved to be quite tricky for the first half of 2019. Stocks were able to regain their losses in April, yet lost them again the month after. Indeed, it was a period of instable investments. Fortunately, stocks recovered by June.
To the consternation of stakeholders, central banks brought global bond yields to both low and high spots, casting a shadow of uncertainty in the global financial scene. It is quite interesting to note, however, that the price of gold skyrocketed, making it one of the best assets to profit from.
Nearly everyone knows that gold is valuable. However, some people aren’t aware that the value of the precious metal isn’t fixed. Many factors affect it.
One of which is monetary policy. The impact of monetary policy on gold isn’t immediate but it’s significant.
Monetary Policy Defined
Independent central banks implement monetary policy to attain macroeconomic goals for their respective countries. These goals include high economic growth, low unemployment and low inflation.
The year 2019 looks like a great time for gold investors as central banks return to gold. And this is for good reason too. Central banks have been steadily buying more gold since 2010. Last year, 2018, gold purchase peaked at 651 tons, which is 74% higher than 2017’s gold purchase.
People are suddenly thrown off their comfort zones when their marriages go awry and end up in a divorce. Aside from having to arrange for new conditions regarding conjugal properties, shared finances, and custody of the children, wedding mementos such as rings also leave much to decide about.
Facebook is a social media platform that’s mostly used for entertainment and communication. These days, however, aside from being a hub for those who wish to connect with others, the site is being used for selling things—similar to Craigslist. And this is done through Facebook Marketplace.
Garage sales are perfect for preppers to find survival items at very low prices. A lot of people who hold garage or yard sales don’t have any clue about the true worth of their items, and how useful they can be to others. Thus, they are willing to sell them for almost nothing just to get rid of them.
Investing in gold coins can be very lucrative. This is why gold bullion coins amounting to millions of dollars exchange hands every week. It is very easy to buy and sell valuable gold coins like the Canadian Maple Leaf and the American Eagle via precious metals dealers because of their high gold purity.
In times when the stock market shows high volatility and unpredictability, gold remains stable and maintains its high value. Thus, a lot of savvy investors diversify their investments and stock up on gold and other precious metals when the economy is beginning to show signs of instability and a market downtrend is imminent.