Another Poll on a drastic change in Gold and Silver
joeykoins
Posts: 17,332 ✭✭✭✭✭
Who would benefit more if Gold or Silver dropped at a all time low?
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.Another Poll on a drastic change in Gold and Silver
This is a public poll: others will see what you voted for.
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Everyone. Gold coins would become affordable to many more collectors, and the total volume of transactions would greatly increase. Speculators would suffer - but that's the risk of speculation.
The collector would benefit from low prices... if the dealers released their coins. Many would hold them and wait for value to return. Cheers, RickO
Those without gold coins, or those looking to add more, would benefit, whether collector or dealer, and those with gold coins not looking to add more would be hurt.
My collecting “Pride & Joy” is my PCGS Registry Dansco 7070 Set:
https://www.pcgs.com/setregistry/type-sets/design-type-sets/complete-dansco-7070-modified-type-set-1796-date/publishedset/213996
The dealer because they would offer less when buying.
"A dog breaks your heart only one time and that is when they pass on". Unknown
Lower bullion prices would only help new coin collectors and new bullion buyers. Obviously those who are sitting on a lot of gold and silver would be hurt. This would include long term coin collectors, large coin dealers, bullion dealers, and gold and silver stackers or investors.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
You are correct. I think that a lot of nice stuff would go into hiding till the submarine surfaces.
Pete
the collector since I can buy more. it would be harder to buy the nicer stuff (posted above) but what the heck
Dealers because the public would be running like rats to try to sell for whatever they could.
I used to get a kick after the 1980 madness. People actually thought dealers might not have heard."
1980, wasn't that when Silver hit the $50 mark?
"Jesus died for you and for me, Thank you,Jesus"!!!
--- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.I think you would have a hard time finding them on the low end without a big premium.
It would have to linger for years at say $5oz for people to finally give them up.
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The collector would benefit from low prices... if the dealers released their coins. Many would hold them and wait for value to return.
most dealers are not in a position to "hold" their bullion when prices sink and even if they are it isn't a logical thing to do, just average out over time.
I held my "flat position" daily and constantly. It kept me as the place you could ALWAYS get bullion no matter the price.
"Turn" is the name of the game. Sell what you buy and buy what you sell.
Time after time. Worked great for me.
Those sitting on a "pile of gold" made that decision not on numismatics, but on speculation. Identical to speculating in soy beans or gummy bears.
The dealer buys at spot and sells higher than what they spent to make a profit. Collator lose because they invest but dealer invest too. So both sides loose.