Rising Dollar, Plummeting Gold, and Counterfeits

Gold prices went down on Thursday, closing low for the fourth straight day as the dollar's climb against other major currencies losing its appeal to most metal investors.Meanwhile, Oil prices dropped to its former level of $35 while agriculture futures were mostly lower.The dollar was stronger against the euro and the Japanese yen, and gained against the British pound earlier in the trading day, but pulled back slightly later in the session.The gains in the dollar came after the European Central Bank slashed its benchmark interest rate by half a percentage point to 2 percent, as expected. The cut follows the Bank of England's move last week to...

Read More

Fake vs. Authentic: Why do Contemporary Fakes Sell More?

If you are going to check Ebay and type the word “contemporary counterfeit” under the category of “coins and banknote", you’ll be amazed to see how counterfeit coins and banknote are doing well. For the new collectors, it seems odd that sometimes fakes are more expensive than the original. Well, I myself collect fake coins and banknote and I consider these materials as pieces of history. For example you’ll be amazed to know that there are very interesting stories behind these unusual materials. Recently, I have added to my collection several Five Pesos that were counterfeited by a Taiwanese syndicate. I have catalogued several specimen and...

Read More