Article - The US Coin Market Enters a Major Up Cycle

BSqr

Here's an article I thought some of you might be interested in.

Includes 11 early signs of a bull market in investment quality US gold and silver coins

shortdj

IMOO, This is just one speculators hype trying to line his pockets in his own self interest for profits. I do hope he's right about the silver part. I have almost 400 oz. of silver I'd be willing to sell for $50/0z.

Thanks for the link to the article.

BSqr

$50/oz for silver- don't hold your breath

oldcameoproofsguy

I imagine there are a lot of people who are looking for investment alternatives to the stock market. This guy (Barry Stupler) is obviously preying on those who may have a few dollars to invest but don't know the first thing about coins.

He claims to have made people millions in the coin market.

Coin collecting is probably a pretty lousy investment opportunity. I'll feel pretty fortunate if when it's time to sell my coins that I break even or make a little on them. Plus, I'm even collecting the types of coins this guy recommends as an investment. I really doubt that I will make millions on them, even though my "investment" in coins thus far has been well into six figures.

CLASSICS

<< <i>Here's an article I thought some of you might be interested in.

Includes 11 early signs of a bull market in investment quality US gold and silver coins >>

..........is this guy related to hunt brothers?

TWQG

There's so much quackery in that article, I don't know where to begin.

Jaredc

Reminds me of the PCGS articles on the front of the web page. Has there ever been a down time in those market reports and articles?

roadrunner

I learned something today. That terrorist activity is one of key 11 prerequisites for an upward moving coin market. Remarkable.

roadrunner

dragon

That article is a bunch of drivel IMO. Nearly every point he makes either has little relavence to the coin market or is just not true oe is wishful thinking. It actually sounds more like a cheap sales pitch than an article.

And this individual is one of the braintrust of the ANA, why am I not surprised??


Dragon

DMWJR

The top two percent of coins are traded between "true" collectors at a level that looks like it is always rising to us common folk. Take a 55-s Lincoln that is a pop top and sell for $8,000. Does that mean that all 55-S's are now worth more? No. A sale like that might pull the next tier up a notch, but everything else remains the same.

"Words mean what you want them to mean."

Bear

A sure way to double your money......Take it out of your pocket,
fold it in half and put it back in your pocket .

supercoin

Back up three years, slap "Y2K" at the top of that article, sprinkle with various dire survivalist scenarios. Sound familiar?

To the best of my recollection, silver has not increased 10-fold since then.

On the other hand, if you had heeded the advice in my "Y2K High-Grade Ike Advisory Newsletter", you'd be livin' the good life.

DesertLizard

Barry Stupler is pure quackery. His article is full of speculation and hyberpole!

Look at his sleazy ebay auctions and you will see his hypes them like his doomsday articles. If guys like this realized how people DONT do business with them because of there sleeze maybe they would change. But I guess sleeze and fear sells?

BSqr

what name does stupler use an eBay?

prooflike

I read a few of the reasons and decided not to waste any more of my time.

Loki

Yea but where can you make good investments with your money these days?? The stock market? Don't think so. Interest rates on CD's at what, 3% 4% max? Your lucky to break 2% on savings accounts and thats only if you leave $10K in them.

He may use too much grease on the fire but he does have some valid points methinks.

freeblue

You'd think fed will be watching over this "coin analyst" with some interest. Nah...

rkfish

His ebay id is "verypq"

roadrunner

Sorry,

But the terrorist comment aside, I agree with Loki. I'd just assume park my money in gold (and numismatic coins) right now and ride this thing out. Many interesting forces are coming into play now that have been absent for years. I don't see all that much quackery in Stuppler's comments. Personally, I think anyone still invested into the stock market (short of individual quality stocks that they have 1st hand knowledge of the business) is nuts. And no doubt they think anyone who is into hard assets is equally nuts. The talking heads have been stating that the financial markets will turnaround by early next year. Since they've been wrong every quarter for the past 2 years why believe them now? Maybe later 2003 or even well into 2004 everything will finally start to settle out, IMO.

roadrunner

Russ

<< <i>Back up three years, slap "Y2K" at the top of that article, sprinkle with various dire survivalist scenarios. >>



Back up 11 years and slap "Gulf War" at the top...

The gold bugs have been repeating the same mantra since the precious metals crash of the early eighties. SSDD.

Russ, NCNE

roadrunner

Russ,
The stock market had been in an up mode since 1987. Bucking a rising stock market has been very difficult for coins. Coins did fairly well in the 1973-1989 era and there were several good cycles to play in when the stock market was flat and uninteresting. Now that the stock market has been steadily falling the gold bulls certainly have a point.

Times are now radically different from 1987-2000. Nearly every market trend supports a strengthening gold market. The gold bears have their work cut out for them to keep the gold bulls at bay this time. Markets are cyclical. Just because gold was down for 20 years doesn't mean it can't have another up cycle. Stocks were last down for 20 years before they had a major move. Rare classic coins had been down for 10 years before we saw some real life to the market. Eventually, long term trends get reversed. That is except for tulips. Those have been down for a few hundred years and no sign of life yet.

roadrunner

BSqr

thanks rkfish,

I'll make a mental note of that user id.

Kejun99

..Proofsguy,

" He claims to have made people millions in the coin market."


All the silver and Gold investment guys use the same phrase time after time.. The rhetoric has a pattern...