You had better hope it’s the stock markets. If not, the economy will probably be in the tank, which not good for most people.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@Onastone said:
It's a trick question. All of the above will have more value.
It's a trick answer. More value than what? 😉
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Bitcoin will be almost worthless (it will be replaced by more technologically sophisticated cryptocurrencies). The blockchain will continue to rule, but Bitcoin won't.
"It's far easier to fight for principles, than to live up to them." Adlai Stevenson
I will stick with my original answer with a correction...
As a passive investor/collector, I would not want to be in the markets mentioned in the OP.
There is pain coming...
My point being is the dealers in coins, for example, have a unique skill set, connections, etc to make quick decisions. He is in essence hedging his cash flow.
Another example is the PM broker down the street.
He is arbitraging.
CASH
No debt, no worries.
Give me cash Time to learn a skill
I can hedge cash flow all year long
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@yspsales Cash is risky to hold though. Real inflation is closer to 9%/year, so every 2 years in cash you lose ~20% in purchasing power.
That's the dilemma many people face, and they're hand is forced by the Fed. The Fed has pushed investors into risker and risker assets to chase yield. Thats why you see investors gobbling up real estate or stocks or even crypto. They're based in dollars therefore if the dollar loses value the underlying goes up.
Comments
Bitcoin, of course.
Oh wait, I forgot to put sarcasm tags around that.
Exactly. Buy nothing means hold cash. Even modest inflation makes that a losing proposition.
You had better hope it’s the stock markets. If not, the economy will probably be in the tank, which not good for most people.
It's a trick question. All of the above will have more value.
It's a trick answer. More value than what? 😉
Nickel 3-cent pieces.
They are down to two cents, aren't they?
Respectfully, are you're in the "This time it's different" camp?
I made 8x my money from the depths of the last stock market/housing crash.
It was expensive by all historical norms when I sold out in 2016.
Cards? Coins?
I would rather have cash than lose 40% to 90% of said value in an illiquid and bear market.
I am just saying find an outlet for the cash.
Pay down debt and mortgages.
Learn a skill and start a business.
Bit coin?
Please... 99.99% of those buying today are following the herd off a cliff.
Today... you are ten years too late in almost all asset classes IMHO
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And I think they are zinc coated...
A decade is "quickly"?
"Nothing is worth buying unless you are dealing and can turn it over quickly. Real Estate, coins, cards, stocks..."
Most likely stocks, but life isn't all about the money.
Enjoy the ride, folks and buy what you like.
Nobody is taking anything with them but memories
Dead Cat Waltz Exonumia
"Coin collecting for outcasts..."
This is really good. ⭐️
BTZ (currently yielding 6.76% with a P/E of 7)
Bitcoin will be almost worthless (it will be replaced by more technologically sophisticated cryptocurrencies). The blockchain will continue to rule, but Bitcoin won't.
"What will have more value in ten years? Stocks? Coins? Baseball cards? Bitcoin?"
Question taken literally at current value... my guess would be real estate and stocks.
In the spirit of the question... you will be lucky if the value remains exactly the same (minus inflation and after a bear market)
As you stated, given the flexibility and shelters, stocks and real estate offer the most protection in a bear market and are liquid.
Been thru every crash since 1990 and at this point in life would give up 10% to inflation if it protected me from 90% of an inevitable bear market.
I got my 25 year plan for the last third of my life, so I am making the cash work in this gig economy.
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Just a part of the long term plan.
Bought with gig economy dividends so to speak.
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So then, some things are worth buying even if you don't turn them over quickly.
Ok.
I get your point, but you never answered my question.
Is it different this time?
All I said was learn a skill and put the cash to work.
I would not buy land for the sake of ownership.
I will make my back my original investment by housing bees on the land. Tax shelter, credits, husbandry, rental, etc...
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Is what different?
To be honest, I'm having a hard time following your argument. You write:
"I would rather have cash than lose 40% to 90% of said value in an illiquid and bear market."
So you prefer cash. Ok. And then, in the very next sentence, you write:
"I am just saying find an outlet for the cash."
So you don't prefer cash.
Or what???
LCID and ASTS will be worth more in 10 years than a Bitcoin investment or coin collection now.
Early American Copper, Bust and Seated.
What does LCID and ASTS stand for? Don't assume everyone knows.
They are stock symbols.
I will stick with my original answer with a correction...
As a passive investor/collector, I would not want to be in the markets mentioned in the OP.
There is pain coming...
My point being is the dealers in coins, for example, have a unique skill set, connections, etc to make quick decisions. He is in essence hedging his cash flow.
Another example is the PM broker down the street.
He is arbitraging.
CASH
No debt, no worries.
Give me cash
Time to learn a skill
I can hedge cash flow all year long
BST: KindaNewish (3/21/21), WQuarterFreddie (3/30/21), Meltdown (4/6/21), DBSTrader2 (5/5/21) AKA- unclemonkey on Blow Out
I don’t have $500,000 now but in 10 years my pension will pay more than that, I’ll hold these cards.
@yspsales Cash is risky to hold though. Real inflation is closer to 9%/year, so every 2 years in cash you lose ~20% in purchasing power.
That's the dilemma many people face, and they're hand is forced by the Fed. The Fed has pushed investors into risker and risker assets to chase yield. Thats why you see investors gobbling up real estate or stocks or even crypto. They're based in dollars therefore if the dollar loses value the underlying goes up.
And they're both relatively cheap at the moment, ASTS @ $10.00
By what metric? That's $10 per share for a company that loses more than $2 per share.
For the record on this date NOV 30, 2021 at 4PM
Silver spot... $22.89
Gold Spot... $1779.35
Bitcoin... $57,500
SPY... $450
VTSMX... $116
Juan Soto HMT55 and Ronald Acuna #193 PSA 10 Chrome ... $500
PCGS 3000... $63,147.00
Will work on a PSA 10 Index if there is not one.
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Yea, it's not exactly trending upward - Today's metric