MARKET NEWS
Integrity Market Summary: Feb. 20, 2009Where from here?...That question is critical right now, of course. If today turns out to be as "pivotal" as some have suggested, then for equities the trend is a hard turn downward. For Gold, its up, and for rarities, time to jump on the train. Why? As is the case in art right now, big dollar rare stuff is alive and well. In the rare coin market, the really rare stuff is still the place to be. Further, as lesser "insulated" investors in rarities (ie. those that need cash any way they can find it right now) sell off to keep mortgages, build or save businesses, pay for tuitions, meet calls, etc., strong deal making opportunities will arise. The call? If you are cash liquid...this is a very ripe setting to buy into the rare market. As you find deals and buy them, you will get the benefit of a roaring market when the wealth effect kicks back in later on. Further, as the worldly investor finally wakes up en mass, and realizes metals and related markets are the place to be, we will see an influx of investment capital into the rare market, thereby fueling a growth movement. Little supply, big demand, ...simple economics...that equals gains.Further, for all those doing it right, and viewing this as a long term asset allocation, the best time to move is always just before a panic buying frenzy takes place.If you have capital, Integrity Assets is sending you a very strong buy signal at this moment. Take advantage of what is developing. Secure your wealth, preserve your future, and don't wait for the rest of the world to join us.
Bruce Smith Integrity Asset Management, LLC 985.249.1697 integrity.llc@hotmail.com
JANUARY F.U.N. The first major event of the year was a glimpse of where the market is and where it is headed in the tumultuous economic setting. The highlight, and strong indicator, was the auction reports. While some auctions were weaker than hoped for, the major auctions saw a sell through rate of 89%. That is better than good in this setting. While some previously strong sectors saw some pull backs, a sell-through this strong with financial chaos and loss all around, ...remarkable in many ways. Investors and collectors clearly still want to be in coins, especially truly historic and rare specimens. Our advice is to buy into any weak spots in the market, and to build now while fantastic specimens are coming to market during these early months in the year.
ARE GOLD, PRECIOUS METALS, AND RARE COINS STILL RELEVANT? In the current landscape, with global economic pressures mounting by the day, the appropriate question should be, "Have precious metals and rare coins ever been more relevant?" The reality is that pressures around the globe could lead to inflation as leaders are forced to take measures which will prevent the total collapse of economies. Inflation, is of course, the lesser of two evils when faced with an either/or scenario such as this. This being so, gold and rarities and metals in general are front and center in this setting. Our advice, even in moments of pull-backs in prices (actually, in those moments precisely) is that you buy in. At a minimum, now is the time to dollar cost average in your metals and rare coin portfolios. And, the strong possibility remains that we will see an increasing flight to the metals and to rare coins. They remain the place to be for safe haven buying, diversification of wealth, private wealth, inflationary hedge, economic panic protection, and long term growth.
Rare Coins, more than what has been previously mentioned, also bring the allure of history, story, rarity, tangibility, and legacy to the investment arena. Who does not enjoy the history of a coin designed by Benjamin Franklin himself, or a tangible piece of history which dates back to the earliest days of American currency? Who would not enjoy the thrill of bringing a coin once owned by a king into a portfolio? That's a wee bit sexier than a stock certificate, is it not?
Contact us immediately if you are concerned that you assets are not properly allocated, if you need diversification, and if you are looking for more than paper wealth. Real wealth, tangible wealth, is our specialty. We have placed millions in bullion and in rare coins, including some of the most famous coins in existence.
Call us at 985-249-1697
Email us at integrity.llc@hotmail.com
