Many people may not realize it, but, there is a close relationship between Precious Metals, Rare Coins, and Crypto Currency! Yes, all three have a relationship with each other. Perhaps, one of the strongest relationships lies in the strength of Gold, specifically, Rare Coins, and Crypto! Just put that thought on the back burner, and give it a little bit more attention later on.
Gold and Silver Tested Waters( in breaking price barriers ) today, with Gold peaking above $1800 and Silver Holding above $18. If you are not keeping track of Investment Grade Coins, You might be surprised if you try to buy any that come anywhere near the Price quoted on Gold. In Fact I am pretty sure of it! Many Precious Metals Coins, and other Investment Grade Rare Coins, are out of stock, as the supply is quickly drying up!
At the end of today, there was some minor profit taking in Precious Metals, as prices dropped slightly below the highs. You noticed that I said slightly. That was mainly from the parties that had an abundance on hand, with some left to profit from. The long term promise of ever increasing prices still remains very strong! As more and more people realize that they need to hold onto what they have, the supply will continue to dry up. Most especially after the next realistic report on Inflation! I am only selling a limited supply of my Investment Grade Coins. Once I reach my goal, I will greatly increase my prices and/or take many of them off of the market.
On the Crypto side, I see where a hefty percentage, of the Precious Metals Profit Taking, was invested into Crypto. Among the Crypto darlings were Tezos and the big boys BitCoin and Ether. On the BitCoin side, it appears that it also had it's fair share of Profit Taking.
Those are my observations, agree, disagree, or what ever you will. I did not have time to keep up with the stock markets, so I am not sure what those dynamics may have been, beyond those mentioned above. And Yes, all mass markets have an intricate relationship with each other, to some extent.
IF you find this post interesting, you may like to check out my related post from earlier today.
Thank You for Your Time, Attention, and Interest!
Antony
