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Good news for American buyers of coins from Europe.
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<p>[QUOTE="Eduard, post: 8425040, member: 8959"]I remember a time, around 2010 (roughly) when the euro would buy me 1,50 dollars. It was 'buy-time' during my trips to the U.S.A.</p><p><br /></p><p>Now, it's headed the other way - no more buying coins in the U.S for me....and much more competition from the U.S in local auctions. Not so good for EU collectors, but, yes, it's an ideal time for US collectors to more actively bid and buy in Europe.</p><p><br /></p><p>It's all a reflection of the relative weakness of the EU economies compared to the US, as well as a few other factors. like the extreme dependency of key EU economies (above all, Germany) on Russian energy. I seem to remember somebody in the U.S warning the German Government some time about that .....?</p><p>The European Central Bank stubbornly refuses to raises prime rates on the EU for fear of making life difficult for the weaker economies. The danger is that inflation will rise even higher, which means the Euro will probably continue falling.[/QUOTE]</p><p><br /></p>
[QUOTE="Eduard, post: 8425040, member: 8959"]I remember a time, around 2010 (roughly) when the euro would buy me 1,50 dollars. It was 'buy-time' during my trips to the U.S.A. Now, it's headed the other way - no more buying coins in the U.S for me....and much more competition from the U.S in local auctions. Not so good for EU collectors, but, yes, it's an ideal time for US collectors to more actively bid and buy in Europe. It's all a reflection of the relative weakness of the EU economies compared to the US, as well as a few other factors. like the extreme dependency of key EU economies (above all, Germany) on Russian energy. I seem to remember somebody in the U.S warning the German Government some time about that .....? The European Central Bank stubbornly refuses to raises prime rates on the EU for fear of making life difficult for the weaker economies. The danger is that inflation will rise even higher, which means the Euro will probably continue falling.[/QUOTE]
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Good news for American buyers of coins from Europe.
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