The spot price of gold and its impact on both bullion and collectible gold coins continues

At the moment this market commentary is being written, it appears the range in which the spot price of gold will remain is in excess of $2,000 an ounce. This is healthy from a number of angles. A well-known wealth-building commentator has said gold is simply a rock and has no tangible value. The flight to gold in the wake of the financial market distress of 2023 appears to prove this to be wrong. 

Additionally, the poll question regarding the US eventually becoming a cashless society published in the January 16 issue of Numismatic News is garnering mixed opinions from readers. 

As a third point, consider James Mackintosh’s Streetwise column in the January 17 Wall Street Journal, where he writes: “As a cryptocurrency, it [Bitcoin] could perhaps be used for larger payments, although so far it mostly isn’t. As a pseudonymous currency, it can, to some extent, hide use from governments, making it popular with criminals." 

So far, there’s zero evidence that that bitcoin works as digital gold.” Physical cash isn’t going away. Neither is bullion. Neither are speculators, investors, and coin collectors. The brisk sale of collectibles, as well as bullion and intrinsically valued coins, isn’t slowing down. US Mint products continue to sell out soon after their release. The popularity of base metal circulating commemorative quarters continues. 

Perhaps gold is leading the charge, but silver and base metal coins remain popular as well. If there is any laggard, it would be platinum—“the other white metal.” The price of gold is proving to be good for all coin collecting.

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