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Americans pile into silver, gold coins

April 6, 2013 in Coins, Gold, Gold Bullion, Gold Coins, Precious Metals, Silver, Silver Coins, USA Coins

Sales of silver and gold coins have surged this year. With silver and gold prices near two-year lows, is it time to buy?

By Margaret Price,  April 6, 2013  Correspondent (Christian Science Monitor) (http://www.csmonitor.com)
 
NEW YORK

As the banking crisis struck in 2007-08, investor Will Mitchell sprang into action: After boning up on precious metals, he started buying fairly sizable amounts of silver bullion bars. Eventually, he switched to silver and gold bullion coins, which he considers easier to trade than bars.

The happy result: Even though precious metals prices have been falling lately, “my holdings of them are up [in value] about 100 percent since early 2008,” says Mr. Mitchell, the owner of Startupbros.com in Tampa, Fla., a resource for entrepreneurs seeking to create an online business. “You can’t ask for more than that.”

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