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CoinWeek President David Lisot on the state of gold investing and an upcoming auction of a $2 million silver dollar.
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Next guest has an unbiased opinion.
He joins us now he is -- the so.
A point -- dot com David first of all establish your credentials you know trade this stuff you know.
-- -- a gold company you know selling this stuff volume gold medal by may forty year new business it is who has been involved in the market and now strictly.
But through according -- dot com we bring news and information to the marketplace about the new asthmatic and bullion popular the most emotional okay so you don't grinding and acts have nor I gonna ask you why is that gold is not going.
Through the roof.
When everybody on the planet is printing a ton of money.
Well if you look at the long term gold actually has done quite well in the last few years.
However right now there's no new news we know we're going to be have deficit spending.
We know that the other countries in the world are having problems from their economies you'll see gold on -- -- slight fluctuation trading now between 16117100.
Dollars.
And it will be the the attitude of most of the analysts we talked to is that it will be a very slow stair step up.
Down a little -- down but it will be continuous upward trend over the next few years so no resume no to the moon.
Unless we get some serious news like from the Middle East for example that would look what it.
Well there could be -- -- -- spikes from things like platinum may be affected when the mines in South Africa or shut down.
But with gold it's just going to be a slow stair step up as what most people perceive and -- -- -- you'll you'll.
That would be your opinion when it -- loaded step -- I would say so there there's no way they're going to stop the spending programs.
In its like taking a -- squeezing it into a glass of water when you screw the gold has the backing of the money.
When you squeeze -- into the glass of water you have a nice glass of lemonade when you squeezed into a swimming pool what do you.
I wanna move to -- field which is new asthmatics that is.
Coins that have value in and of themselves not the -- or gold content of those points can we put on the street and I believe this is a 1790.
Force over the -- corn.
And this I believe I'm telling -- left the beautiful thing you don't get a very good sensitive it is is on the street that's what's what and this is a million bucks.
The current bid this morning on and it's being offered by stacks bowers.
In an auction that's going to take place tonight.
The current bid is 2.2 million dollars -- this is no word -- corn this is the very first style of silver dollar.
Made for the United States it's a wait for the country to announce its independent support I -- did let his -- now he's got some passion.
God look at him go all right what two million bucks and it was it was -- point held -- George Washington very possible.
It is -- it it it is the finest known it is it is the very very top condition.
So this is like the the finest of the first of the most exciting historical pieces that you could have.
For numerous medical -- so when you say Apple Stock some things are up and down this is something someone will buy it for millions of dollars.
They will hold it for years it's not a short term thing.
But then someone else will come along as the economy declines is the dollars have less purchasing power -- they -- looked at items like this is a place to store their -- A you don't get a piece of that it sells for two and two and half billion dollars billion doesn't do you don't you know on commission on this thing or not at all I'm selling it for -- well.
Okay well are also be a nickel for sale on another company.
In April that it is expected to bring two or three million dollars as well this is what we do was cover this news of all of these different.
Historical monetary items that people collectors and investors.
Yes you too much for the beginning going to be talk but David loss of speculative -- very interesting.
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