7K Metals gold and silver collectible coins
Gold and Silver Collectibles: Your Best Offensive
Strategy to Building Wealth
Gold and Silver Collectibles: Your Best Offensive
Strategy to Building Wealth
by Sal Casillas
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Regular gold and silver have been around for over 5000 years now and have proven themselves through the test of time. It’s been a wealth strategy for millionaires and even billionaires like Warren Buffett. You can say that buying gold and silver is a safe investment or even a defensive strategy to fight against inflation.
In that same manner, how can we use gold and silver as an offensive strategy? After all, there’s never been a team that went to the Superbowl or the World Series just with only a good defense and a lousy offense. The same holds true for gold and silver.
When you’re buying non-collectible gold and silver, you are just basing your investment on the spot price of the day. What if you could catapult its value 2, 3, or even 10 times higher than the spot price? Is that possible? That’s where collectibles come into play. I have a collection of baseball and football cards dating back to the 1960s. I’m sure some are worth quite a bit by now, especially guys that are now in the Hall of Fame.
Did you know that Michael Jordan’s 1997 Metal Universe card sold for $350,000 in 2019? Maybe you’re into comics. Did you know that a 1938 copy of the first “Introduced Superman To The World” sold for an unimaginable $6,000,000 according to Heritage Auctions? Since we’re talking about gold and silver, Kobe Bryant gave his father one of his championship rings. His father sold it later to an auction house, which sold it again for almost 1 million dollars. The common factor between these three is that they’re all collectibles.
The value of the collectibles doesn’t necessarily come from the material itself but from the story or history of that particular collectible. They’re valuable because of their scarcity. The price of these collectibles is driven by the demand people give them.
Imagine having 100,000 dollars in currency in your bank account. The way the economy is going in the United States, it could happen that one day it loses half its value because it is just paper that was given a specific value. If the United States goes to a digital currency as President Biden is proposing, you can be sure your money in the bank will definitely lose its value. If this happens, don’t expect to get dollar-for-dollar value. This will hit most Americans very hard.
I remember the Mexican Peso devaluation against the US dollar back in 1994. Family members lost a lot of money, while my parents were able to stretch their dollars more by shopping in Mexico
Collectibles in gold and silver are different. History has proven that they rarely lose their value. Let’s look at a few collectible coins from 7 K Metals. The 2015 one-ounce Magnificent Life Peacock originally retailed for $115 to $150. Its current value as of March 2024 ranges between $650 to $900. The 2018 Big Five Elephant Gold Note 1 Gram retailed at $90 to $140 with a current value now of up to $350.
In 2019, 7 K Metals came out with their Idaho Label Silver Eagle at $95. Today its current value ranges between 200 and 260 dollars. Although no one can guarantee that a coin will have a certain value, these are excellent examples of modern collectibles gaining value over time. My strategy is longevity and legacy. Not every collectible coin you collect will demand the highest value, but overall, the sum of all your collectibles will become your winning strategy. A tree doesn’t grow overnight, but over the years it grows tall and produces branches and eventually produces fruit and provides a shade. In the same manner, just be patient investing in collectible gold and silver coins. I plan to leave something of value for my family. There will be stories told about my coins. Learn more about 7 K Metals.
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