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Both the economy and the financial markets move in major
cycles that can exert significant influences on long-term
investment returns should an investor not recognize their
existence. It is our contention at Wexford Capital
Management ( WCM ) that we have entered such a
major secular period beginning in early 2000 to this
day. Whether one labels today's financial market
environment as a bull or bear market or today's economy as a
full-fledged recovery or an intermittent spurt in activity
is really immaterial to the ultimate decision to undertake
critical investment portfolio diversification into Tangible
or Hard Assets. Risk reduction is one of the
time-tested tenets of successful investment
management. When there is a body of reliable evidence
as to extended valuation levels in traditional investments,
stocks, bonds, emerging market debt, or even real estate, it
behooves the prudent investor to lower overall investment
risk through diversification.
By
selecting and acquiring negatively correlated asset classes
such as certified pre-1933 U.S. rare coins, precious metals
bullion coins & bars, and GIA-certified fancy colored
diamonds, an investor is making a conscious decision to seek
greater risk-to-reward values in non-extended,
non-traditional investment areas.
It
is not by accident that WCM has selected these 3 key
Tangible Asset classes upon which to concentrate. Over
2 decades of investing experience and market research have
resulting in finding relatively liquid and bargain-priced
asset classes that have an excellent probability of
performing well in the difficult decade the tangible asset
broker sees
ahead. And these assets do not rely upon potentially
unreliable financial data to determine valuations or a
"promise to pay".
Investing in U.S. rare coins has long been a very successful pursuit for primarily skilled collectors who have acquired the expertise to determine relative values
for different rare coins based upon years of actual trading experience. Today, however, it is possible for collectors and investors to duplicate this expertise by buying only third-party grading services' certified and encapsulated U.S. rare coins and by enlisting the professional advice of nationally recognized and trusted experts in the field of numismatics.
It is not sufficient to just buy a slabbed, graded rare
coin, but one that has been graded by a recognized,
independent expert in the field of numismatics. Two
professional opinions are always valuable for objectivity. A
high-pressure salesman from a high-volume coin dealer is
usually nothing more than that, a salesman with totally
insufficient numismatic knowledge and a weekly quota to meet.
Since asset prices are determined by supply and demand, why not consider an asset class such as U.S. rare coins that has a finite potential supply and steadily increasing demand in the U.S. today? After years of research and first-hand trading of P.C.G.S., N.G.C. and I.C.G. certified U.S. rare coins,
Wexford Capital Management established its own
well-researched program in 1997 for investing in certified pre-1933 gold and silver U.S. rare coins.
The former investment advisor ( registered October, 1985
through May, 2005 ) used his own money to weed out the slick from
the trustworthy sources of truly rare, problem-free and
original rare coins. Unfortunately, out of an initial
field of 7 major national coin dealers, only two coin buyers
survived the rigors of complete trustworthiness AND
numismatic expertise, not to mention fair pricing. To
say that it is a jungle out there in the world of U.S. rare coins is an
understatement, and the school of hard knocks can be very
expensive for an investor or collector placing his or her
hard-earned money in the wrong hands. I can attest to
this reality from first-hand experience in personally buying
either "over-graded" or "over-priced" or
"problem" coins or all of the former! Besides
"reading the book before buying the coin", read
the signals from the prospective dealer before dealing with
him and search the internet to glean any unfavorable
comments from clients about the coin dealer. he
initial purpose of this asset research at
WCM was to provide both investors and collectors with an unbiased professional service
for the acquisition of scarce, high-quality certified U.S. rare coins. Besides being able to hold these truly rare objects of beauty and history in the palm of their hand, investors and collectors are able to prudently
diversify their investment portfolios into highly collectible "tangible" or "hard" assets. As graphically depicted in our Performance History section, the popular 12-Piece U.S. Gold Set in the uncirculated or gem-quality grade of Mint State 65 has outperformed stocks over the last 30 years. This is a well-documented fact that most financial asset investors have not recognized.
Furthermore, there are additional documented examples of investors obtaining annual compound rates of return with pre-1933 U.S. rare coins comprised of both gold and silver that are well in excess of returns available through only investing in equities or financial assets. Diversifying one's investment assets into tangible assets can pay, not to mention the enjoyment and education afforded collectors through the artistry of the minting process itself and the historical significance surrounding these miniature works of art in silver and gold. ust some of the advantages of utilizing Wexford
Capital Management as a broker for your rare coin
and overall tangible asset investing are:
| | | o
Broader Purchasing Power with Average Certified Coin Prices 10% to 20% over
Wholesale Cost
(25% to 40% Markups Typical in Trade)
| | o Two Levels of Numismatic,
Bullion, and Colored Diamond Expertise with Over
35 Years of Experience at Each Level.
| | o WCM
operates primarily as a broker of numismatic, precious metals
bullion,
and fancy colored diamonds without the biases and costs
associated with an expensive inventory: hence,
we are a truly unbiased source without specific items in
inventory to push.
| | o
Direct Access to Actual Trade-Specific Activities within U.S. Rare Coin,
Precious Metals, and Colored Diamond Markets. |
o find out more about investing in pre-1933 U.S. rare coins and
all of
WCM's
Tangible Asset offerings , please visit the many informative section's of our website.
If you are interested in making individual rare coin purchases to fulfill your personal want
list(s)
utilizing our low-markup pricing & extensive expertise, please visit WCM's Free Collector Services section.
Just let us know the numismatic information and certified U.S. rare coins that you are
pursuing, and we will "set loose the hounds" to
obtain this material for you. You will not be
disappointed by the very high-quality numismatic material we
will find for you. It may take a few weeks or even a few
months, but most dealer-acceptable coins will have to be
rejected to find that one original, problem-free U.S. rare
coin from WCM for your collection. Furthermore, an
unscrupulous buyer will be very, very hard pressed to find
any bid-reducing "shortcomings" when you go to
sell since WCM is sourcing material from
nationally-recognized expert numismatists; in fact, two of
the top ten numismatists in the United States as readily
identified by those in the trade. We have spent many years
and many personal dollars developing these sources for obtaining a myriad of high-quality, double-graded
numismatic material. This statement also applies to
our bullion and colored diamond products as well. AND
we can assure each WCM client that he or she is getting excellent value for their
U.S. rare coin, bullion or colored diamond dollar. We are here to assist you and to make your pursuit of numismatics
and tangible asset investing as enjoyable and potentially profitable as possible from the start.
We have already identified and maneuvered the potholes in
the road so that you, our valued client, can sail right past
them.
For
Gold & Silver Bullion Coins and Bars,
our prices for
American Eagle,
Canadian Maple Leaf, S. African Krugerrand, Vienna
Philharmonic Gold bullion coins; Pamp-Suisse 1 oz. Gold
bars; Academy 5 oz. & 10 oz.
Gold bars, American Eagle & Canadian Maple Silver coins;
ISO-9000 silver rounds; Academy 10 oz. & 100 oz. Silver
Bars; 90% Junk Silver Bags;
Palladium bars & PdMaple coins, and Pamp-Suisse Platinum
bars are some of the
lowest in the industry and on the internet. We pride
ourselves on attempting to provide "best price
execution" in precious metals bullion products and use
both refiners and distributors to do so. Product is
never handled twice to allow excellent final pricing with
your order drop-shipped directly to you.
WCM firmly believes in service as well as price, so you will
be kept apprised of your order's progress at each
step. Please
visit our
WCM's Bullion Coins
& Bars page for more information.
For
GIA-Certified Fancy Colored Diamonds,
in
an effort to be able to provide today's investor with a
complete offering of tangible asset investments, WCM has
developed contacts with leading gemologists and diamond
brokers around the world for the acquisition of very favorably priced, GIA-certified
Fancy Colored Diamonds. Our colored diamonds
are priced at least 30% below jewelers' retail, and are
analyzed by an experienced gemologist in addition to being
GIA or EGL certified; they are increasingly analyzed by the
leading colored diamond expert in the world prior to
presentation to you. Colored diamonds in
yellow, pink, and blue hues are 10,000 to 1 Million times
more
rare than brilliant white diamonds, and offer superior price
appreciation into the future. Prices for colored
diamonds have been increasing from 10% to 20% per annum over
the last seven years. While bullion would be a
little cumbersome to transport overseas in an emergency, a
million dollars worth of fancy colored diamonds could
readily be sewn into the lining of an overcoat. Very
high value and minimal weight are unique characteristics to
both U.S. rare coins and fancy colored diamonds. We
now also offer superb brilliant white diamonds and fine
custom jewelry to clients with a Tiffany-style designer in
New York City. Please
visit our
WCM's
Fancy Colored Diamonds page for more
information and to behold the true beauty of these very rare
gems. We guarantee you will be pleased with your WCM
diamonds and jewelry.
Wexford Capital Management David W. Young, President
113
Brenton Court Stephens City, Virginia 22655-4819 (877)
855-9760 / fax (800) 858-9324 |
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