Author - Louis Palafoutas

September 2018

Why Collect US Mint Eagles Signed By John Mercanti And Ed Moy

I should probably make a better effort to express why building a collection of Gold and Silver Eagles Signed by Ed Moy and John Mercanti makes more sense with LCR Coin as your guide than other companies. Yes, my opinion is biased but for all the right reasons. I have been in this market a very long time, in fact, longer than the Gold and Silver Eagles have existed. Having a ring side seat to all the major market [...]

June 2018

The Simple Facts About Gold, Rare Coins, Inflation And The Dollar

Numbers out today show inflation rising at the fastest pace in six years. Also, the point has been made that recent gains in income and salaries have been eroded by the increase in inflation. What is the result of higher inflation? Higher inflation is caused by the rise in the cost of goods and the dollar having less buying power. Another outcome of inflation and a weakening dollar has always been a rise in gold price based on the [...]

I want to share a story about something that happened in 1985

This one should be filed under hard to believe or if I wasn’t there I wouldn’t believe it or that wouldn’t happen today. As I said, it was 1985 and I was a gold trader at A-Mark Precious Metals. We were in Beverly Hills at the corner or Roxbury and Wilshire. For this story I should add I drove an old Volkswagen Bug. My primary function at that time had been developing and servicing the jewelry manufacturers in the jewelry district [...]

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