If you follow the stock market closely then you probably know that it has been a little tumultuous lately. As a matter of fact, the rapid decline over the last couple of days has been a big cause of concern for many. Financial professionals, however, remained unshocked by this turn of events. Why is that, you ask?

Take a look at these facts:

• Many of the world’s stock and bond markets have fallen this year and a number of emerging market economies are already in crisis.

• The federal government will soon have a $1 Trillion deficit thanks to recent tax cuts.

• In August, the U.S. stock market boom became the longest in history. Today stocks are clearly expensive (and down since their highs).

• New York City real estate bust that began this year has historically been a precursor to national decline.

What Does This Mean?

China represents the second largest economy in the world and its stocks took a sharp downturn ending in a four-year low. Many experts have seen the signs that the global economy would soon slow down. Just take a look at the housing market in the United States! Even before the recent decline, U.S. housing stocks had entered a bear market.

Experts cautioned that several economic markers had gotten much worse over the past decade, especially in regard to borrowed money. The U.S. household debt of $13.3 trillion is now far worse than it was during its 2008 peak, due primarily to mortgage lending and in both 1929 and 2008 the financial crisis were preceded by sharp declines in the real estate market. Interest rates continue to rise in places like San Francisco, New York City, and Denver, but there are many stories of homes that sit on the market for much longer than usual.

Gold and Silver Are Both Up

At the time of writing the DOW is down another 200 points. Gold is up $20 to $1,215 and silver is up .22 to $14.50. Silver remains very undervalued in relation to gold with a ratio of nearly 84 to 1—implying silver is undervalued at the moment.

That’s where the team at Austin Rare Coins can help. We have a great selection of rare gold coins, rare silver coins, and more, so whether you’re a collector who has a specific interest or you’re new to precious metals and you need some guidance our team of experts would love to lend a hand to make sure that you get just the right thing.

Contact Us Today

With nearly three decades of experience in our industry and tens of thousands of satisfied customers our team is happy to be able to offer expert advice that can help to save you time and money by guiding you into the best private and non-reportable gold and silver assets that suit your needs as well as your budget.

No matter your reason for choosing coins, we’d love to speak with you. Contact us today to get the process started.