Precious metals shine as long-term investments; get advice from La Jolla’s United Coin and Precious Metals
By Marti GaciochIn this ever-changing economic climate, gold and other precious metals continue to hold a strong allure for knowledgeable, discriminating investors, said Peter Kevorkian, owner of United Coin and Precious Metals.
Kevorkian’s had a lifelong interest in coin collecting and also has an in- depth knowledge of precious metal investments. He views the current debasement of currency on the global level as a signal for serious, long-term investors to take advantage of the buying opportunities now available in precious metals.
“Currency is continually being debased because the United States, the European Central Bank, Japan and numerous other central banks around the world keep printing currency,” Kevorkian said. “Right now you’re seeing a stronger U.S. dollar because of all the weaker currencies abroad, which strengthens ours, but only as a matter of default.”
Kevorkian sees metals as a long-term investment and a hedge against uncertainty, the continual debasement of currencies and inflation.
According to Kevorkian, the average United Coin customer is a 50- to 60-year-old, well-educated, self- employed male acutely aware of global economics, who invests in precious metals for the long haul.
“A lot of people understand the economics of this and know that in the long term with metals, you have nowhere to go but up,” Kevorkian said.
A coin collector since he was a young boy, Kevorkian’s shop displays some high-end collectibles, including a 7.69 gold nugget found in the Alaskan Klondike 100 years ago, and gold and silver coins manufactured at the Carson City, Nevada Mint between 1870 and 1893.
“The Carson City mark is prized by collectors because the mint was in operation for only 23 years, and they minted very low numbers of coins each time so they are more rare,” Kevorkian said. “There is also a mystique about the Wild West and these coins are beautiful to look at.”
Kevorkian said that U.S. gold coins minted prior to 1933 are a good investment now because many of these coins are priced not much higher than their own gold melt value, whereas in the past the premiums were two or three times their melt value.
United Coin buys coins, collectible estate jewelry and traditional gold jewelry and invites coin collectors to come by and discuss their value.
— United Coin and Precious Metals, 950 Silverado St., La Jolla. Hours: 9 a.m. to 4:30 p.m. Monday- Friday, 10 a.m. to 2 p.m. Saturday. Closed Sunday. (858) 412-6462.
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