Investors and collectors alike must have had more on their minds than collecting and investing in coin and bullion the first week in July as sales from the US Mint slowed somewhat due to summer travel and the 4th of July holiday weekend. People tend to spend more money on vacations during the summer than they do on investments and collectibles.
This situation however, can be a good one for those serious about their gold coin collecting. Less people searching for and buying gold means a much better deal for you if you are ready to buy. Auction sites, especially eBay, will be the best place to take advantage of this slump during the summer. With less people buying gold, less people will also be bidding on gold making for some great deals and some quick bargains. Smart investors always want to maximize their returns so the best thing to do is buy low and sell high and their’s no better time to buy low than during the summer.
Another factor making for great deals right now is the lower price of gold. At $910 an ounce, gold is at the lowest point it has been in the last 2 months. This could be due to the lower demand right now during the summer, another reason to buy now.
Talk of a second stimulus package, which would actually be a third since stimulus packages have become a normal part of governing during the last days of President George W Bush and the current president Barack Obama, is making the rounds in Washington DC and apparently not many of our leaders seem to think this is a bad idea. If this insanity of building a mountain of debt by our government continues, acquiring gold will be even more important. So stay tuned to see what happens here at the Gold Coins Advisor blog.
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