02/02/2026
Chris Arbutine, Owner of The Silver Queen and Belleair Coins in Largo Florida,(Tampa Bay Area), was wise to mention that the date of recording was January 29, 2026. Silver Spot was, indeed, $120 per troy ounce(31.1 grams). Friday's "profit-taking" was far more dynamic than many experts expected. All Precious metals plummeted substantially in a massive selloff. Silver bottomed out below $76 and only made a mild recovery as a result of investors, myself included, "Buying Low". Regrettably, when the Hong Kong market resumed on Sunday, the volatility of precious metals was still evident. As of this post, Silver is $77, down from Friday's close of $85.15(Yes, my "genius" cost me money). My fingers are crossed that the current upward trend continues.
THE GOOD NEWS IS....The NUMISMATIC VALUE of rare coins remains a perpetual hedge against Commodities Panic Swings...KEEP KOLLECTING!...AND....KNOW YOUR SELLER!