Investing in Collecting

[egbeachley]

I'll make a quick comment before I'm away from the Internet.

This company was very close to bankruptcy just a few years ago. Great turnaround, give them credit. But they have mentioned that the increase in Coin grading is partially (totally?) a result of the run-up in Gold prices. So, it seems reasonable to conclude if (when?) Gold prices drop, so will their revenue and profits. If they gave out all their excess cash in the form of dividends they may not be able to ride out the next storm.

BTW, the PSA Division has been unprofitable. If it's profitable now, it's just barely so after considering overhead allocations. But that's heading in the right direction, again give them credit.

[tcdyess]

I've been doing a lot of reading and gold may only be beginning. Buying some new American buffalos. The fed fired a warning shot today, going to be an interesting second half of the year.

Tim