Silver Prices For World Coin Market Are Going Nuts Lately

Stop at a dollar tree and spend about five bucks on the stuff they have like that. Well worth saved time later.

One aspect mentioned earlier but was not taken upon is the growing population. If memory serve me correctly, the world added 2 Billions head w/in the last 10 years or so. India is hovering around 1.2B AND growing, while China is lingering at 1.4B or so (under the one child policy).

Now, population growth alone would not have such a high impact, but it's the number of 'middle class/income' population that's is expanding each day. While American middle class is shrinking, the middle class in the 2nd world countries (ie: emerging market, BRIC) are expanding quickly. Their growing income feed their desire to "live the American dream" lifestyle and investing in PM.

Let just look at India & China: They have BIG appetite for PM. Let say 25% of their population is middle class, that mean 700 Millions people..... if we assume 25% of those 700M have the money and wanting to buy some shinny PM ===> that's 175 Millions more people buying into the PM market. If each of them only can afford 1oz of silver (silver is more affordable than gold) then we have 5.25 Billions dollars more entering the market. How BIG is the PHYSICAL silver market and PHYSICAL PM market as a whole?

On top of that, their GDP growth rate is assuming at around 8%, can we assume that 8% more peoples from those BRIC countries will become middle class, have the income, want and willing to invest in PM?

In the contrary, how many American are actually in the PM market? If assuming at 5% of the 300 Millions then we have 15 millions peoples.

The ironic thing is that the source of their rise to middle class is the MONEY that corporations took out of the US and other 1st world countries to invest in those "emerging market".

I despise most consumer products made from China (because of the low quality and the "instant noodle" method of making things) BUT I love to own some COINS from China (I only have one as of now). I can see China coin market is slowly boiling.... just look at some recent coin shows from Hongkong and Shanghai as well as some latest high priced auctions. Ask yourself why PCGS is having office in Hongkong now (not sure about NGC, if not yet then soon to be).

So far, we haven't look at the population of oversea Chinese either, they are more well off and well aware of what's going on than the mainland Chinese.

One last point to make: Last year, I went to Long Beach Convention Coin Show... it was in the afternoon of the last day, this one Chinese middle age man in long sleeve shirt, jean, sandal (non Western style) spent about 30mins browsing some tables and when he decided to buy some US notes & China Pandas, he whipped out his stacks of $100s, flip through them with his thump, even the dealers eye and facial expression shown some surprise..... over all, he spent close to 10K in about 1hrs (he spent less than 3mins looking at each coin/note). He said he was in a hurry since he had to catch his flight back to Asia.

Enough of me ranting.

I just picked up a hedgehog for $560 and the jerboa for $150 last week and the hedgehog price is still going up figured I would jump on this now instead of losing out like I did on the others.

ES,

I own the gula gula but missed out on the owl. As much as I wanted the hedgehog, it started out high and doesn't look to be losing ground anytime soon. You might want to consider the coin that I believe was the precursor to the current series: the Mongolia scorpion. It tends to fluctuate between $75-150, with the upper prices more indicative of what you'll find now that so many speculators have discovered the series.

http://www.ebay.com/itm/Mongolia-20...em3cc557769f

ES,

This was the last auction from the same seller, just to give you an idea of what I've witnessed as the upper end of a good price for this particular coin. Good luck. Let me know if you win it.
http://www.ebay.com/itm/ws/eBayISAP...p=true&rt=nc

That is about the top I wanted to spend on that coin I have dealt with that seller before we will see what its at in about 6 days