Friday, June 10, 2011

What's Happening in the Rare Stamp Market?

In an article titled What are Top Investors Buying Right Now? that appears on the Proactive Investors website, Stanley Gibbons Investment Director, Keith Heddle pens, "The Royal Wedding put stamp collecting into the limelight again and although these are not primarily the sorts of stamps to make it into portfolios, it certainly galvanised certain sectors of the market."

Keith points out, "...both the Indian and Chinese stamp markets are booming, with Chinese stamps particularly continually breaking all sorts of records at auction; the emergence of 5 new (philatelic) auction houses in Hong Kong in the past year points irrefutably to the region becoming a new powerhouse in stamp trading circles."

According to Keith, "....if you have been undecided about taking out an investment in rare stamps, now is your time to act. Do bear in mind that although the rare stamp market continues to grow, the quantity of premium-grade stamps we have available to us to place in portfolios is tiny - it's just 0.01% of the 3 million stamps we deal with every year."

To read the entire article, click here.
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posted by Don Schilling at 12:01 AM