I’ve been meaning to give you an update on what’s been happening at my local coin show (Feb 2014). The short of it is that general attendance is down, the regulars are back, and the majority of dealers are buying silver and gold back.
This is an interesting change of sentiment because the last time I was there (about a year ago), gold and silver were at higher levels and lots of noobs were there buying coins. Dealers were selling to the public like crazy and all the transactions were done in cash. Now that the price of gold and silver is a lot lower, my guess is that the noobs are either holding or out of the market completely.
What’s even more interesting is that several coin dealers are selling copper ingots and buying back silver and gold. The whisper in the coin market is that gold is basing and fixing to go higher, but that remains to be seen.]]>