Posts Tagged ‘silver price’

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Why Is Gold Falling In Price

gold bar

I bought gold about 4 years ago as in my economical teachings I had always learn if the world are in a crises people will start buy gold as a safe investment. Well looking at the last month of turbulent markets all over the world gold has only gone one way and that has been down. So I wanted to find out what was different this time compared to what the books are telling us would happen when the market goes down. Well looking around on the web I found a great explanation at this blog.http://blog.adamnash.com/2008/10/24/why-the-price-of-gold-is-sinking-fast/ 

He Mr. Adam Nash is telling us that people are selling gold to meet margin calls on other investments they have so they have to sell gold. To me that sounds like a reasonable explanation considering the fast collapse of the US and world markets. But does it not also mean that if a hedge fund or mutual fund sells gold to meet market calls that they have to at sometime buy that gold back to keep their risk profile the same as they have advertised to consumers. I think it does and I think it means that the gold will go back up when the markets starts to stabilize again as the people selling gold now really have to sell but they don't want to sell. So they will buy back as their portfolio gets back in the black.

Well its funny to see how the WTC coins and bullion are not affected by the gold and silver price as 1oz. gold coins still sell for a minimum of $1,200 -1,400 and silver coins sell for a minimum of $70 with 1 oz of silver at $10. This makes WTC coins a much safer investment that regular bullion coins which I guess a few people have found out given the recent activity on E-bay. Right now over 150 world trade center coins are up for auction where a normal number in the last 6 month has been around 100 coins.

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1961 SILVER URUGUAY 1O PESOS

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I am sure that the story behind the 1961 SILVER  URUGUAY  1O PESOS with over 5000 coins in the WTC vault is going to be one of the strangest story told, and I wish I could be the one to tell that story but I just don't have all the detail yet on it. So picture this, why would anybody put 5000 pcs of a 10 pesos from Uruguay into a vault under the world trade center ? Is there any good explanation for that ? It just does not make any sense. On its own without being under the world trade center in a vault would this be considered a valuable coin? Well I check that out and right now Non WTC this coin sells for $13.50 Buy It Now. So I guess not a valuable coin if it does not come from the WTC Vault. So what where 5000 of these coins doing there ? Did one individual have all those coins sitting there for a reason was it at the time a cheap way to buy Silver to hedge that the silver price would go up? Maybe but I don't know, or is there something else that is at play here. No matter what it is the circumstances about this coin and how it ended up under the world trade center will make for a great story some day and for right now I think this coin is very interesting and I would love to hear the full story

WTC 1961 10 Peso Silver World Trade Center Recovery PCGS Certified Uncirculated
WTC 1961 10 Peso Silver World Trade Center Recovery PCGS Certified Uncirculated
$69.99
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PCGS 1961 10 PESOS REPUBLICA WORLD TRADE CENTER WTC GROUND ZERO RECOVERY
PCGS 1961 10 PESOS REPUBLICA WORLD TRADE CENTER WTC GROUND ZERO RECOVERY
$89.11
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PCGS 1961 10 PESOS REPUBLICA ORIENTAL DEL URUGUAY WTC GROUND ZERO RECOVERY
PCGS 1961 10 PESOS REPUBLICA ORIENTAL DEL URUGUAY WTC GROUND ZERO RECOVERY
$89.00
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1961 Uruguay 10 Pesos Silver PCGS Gem Uncirculated 9 11 01 WTC Ground Zero
1961 Uruguay 10 Pesos Silver PCGS Gem Uncirculated 9 11 01 WTC Ground Zero
$99.00
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1961 Silver 10 Pesos 9 11 01 PCGS Gem Uncirculated WTC Ground Zero Recovery
1961 Silver 10 Pesos 9 11 01 PCGS Gem Uncirculated WTC Ground Zero Recovery
$79.00
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Rare ICG 1961 Del Urguay Silver 10 Pesos MS69 9 11 WTC Ground Zero Recovery Coin
Rare ICG 1961 Del Urguay Silver 10 Pesos MS69 9 11 WTC Ground Zero Recovery Coin
$139.11
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1961 Silver 10 Pesos 9 11 01 PCGS Gem Uncirculated WTC Ground Zero Recovery
1961 Silver 10 Pesos 9 11 01 PCGS Gem Uncirculated WTC Ground Zero Recovery
$104.94
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