Coins, Bullion and The Stock Market...

by Scarsdale Coin | Feb 28, 2020 | History, Numismatics

A quick Friday post….It’s been a wild ride on Wall Street this week — all downhill. Stocks entered correction territory Thursday and are on track for the worst week since the 2008 financial crisis.

Our thoughts are that this stock market is like a balloon looking for a pin to POP. Is the coronavirus the pin?

Now you may also be wondering why the metals have been sliding down… seems strange… but as flippers looked for somewhere to move money to they took futures on the metals… however metals are not a quick rising profit taking venue… hence extreme pressure is now having a turn with metal prices…

Meanwhile perhaps the best investment for the long haul… good quality solid low mintage certifed coins… til next time! Have a great weekend!

Jon Lerner

Jon Lerner, Scarsdale Coin president, is a recognized expert in the numismatist field. Jon has spent over 30 years collecting and evaluating coins. He is often sought out by fellow coin collectors for his advice and knowledge of rare coins.

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Jon Lerner, a renowned figure in numismatics, discovered his passion for rare coins in his Scarsdale, New York upbringing. With a keen eye for quality, he founded Scarsdale Coin in 1985, quickly establishing it as a premier destination for collectors. Beyond dealing, Jon is a respected speaker and prolific writer, sharing his expertise with enthusiasts worldwide. His commitment to integrity and professionalism has earned him admiration throughout the numismatic community. Jon remains dedicated to enriching collectors' experiences and preserving the legacy of rare coins for future generations.