Saturday, November 22, 2008

The Flight to Quality

During the last few months we have noticed that prices on finer items have been holding up quite well.

Major auction houses have managed to sell most of the important pieces of silver within the estimated range.

This has been most encouraging for both dealers and collectors. Watching some of the bidding one would never know that we were in a recession. However from an investment point of view it is far better to purchase a single significant piece rather than a group of pieces that are purchased because of reduced prices.