Stanley Gibbons expects stamp and coin enthusiasts to benefit from rising prices for their collections, as inflationary pressures push investors to hedge against inflation.
Graham Shircore, chief executive of the collectibles dealer, said on Tuesday there was “some evidence that real assets tend to do reasonably well during periods of heightened inflation . . . stamps and coins have shown to be at the better end of the spectrum.”
Talk of the increasing potential for investors to hedge against inflation by buying real assets comes as gold rose to its highest level in more than a month on Monday, reaching a peak of $1,998 a troy ounce before falling back to $1,977.
Shircore said any tangible increase in value for stamps and coins would become clear by the end of the year and the company said it was “by no means taking this for granted”.
However, he said a series of record sales “would suggest the higher end is going through a period of price appreciation”.
A…
