When the bubble busts or correction occurs....
Kolectorking8888
Posts: 2
cash or credit will be the king. With that in mind, here are some questions for you to ponder and answer:
-when will the opportunity occur?
-how many of you are waiting on the sidelines to jump in when that happens?
And in the area(s) that you collect/invest/accumulate in, that has/have not enjoyed the current upswing:
-how many of you are quietly buying/accumulating...can you tell us what they are?
-if not, why not?
I'm sure there will be other questions or comments that I have not thought of.
-when will the opportunity occur?
-how many of you are waiting on the sidelines to jump in when that happens?
And in the area(s) that you collect/invest/accumulate in, that has/have not enjoyed the current upswing:
-how many of you are quietly buying/accumulating...can you tell us what they are?
-if not, why not?
I'm sure there will be other questions or comments that I have not thought of.
0
Comments
Russ, NCNE
<< <i>Things are different now, so the market will rise forever. >>
Cameron Kiefer
<< <i>There will be no correction. Things are different now, so the market will rise forever. >>
Yeah, that's what they said in 89 too. What goes up must, and will, come down.
Another 45% in Type Pr and MS Turbane Bust coins, Seated Liberty and Barber quarters and half dollars in 65 -67
10% in type MS-67 Walking Lib Half Dollars, CC Morgan dollars and toned Peace Dollars.
I intend to ride out any down turn and will be protected in the event of an inflationary spike.
My home has a nice 4.875% mortgage wqith 14 years to go and I do not own any stock or bonds.
In the case of civil unrest, I am more then willingto show miscreants exactly how my collection of guns actually works.
Camelot
The US economy is apparently in a recovery phase. There will likely be a lot of opportunity
to make money in other arenas which will compete with the coin market for new capital. Since
much of the demand is being driven by collectors, there is no certainty that their increased
finances won't more than offset the decreases caused by opportunity elsewhere.
If you collect for enjoyment then the overall economy and the coin market will have relatively
little effect on your collection. If you must buy for speculation, it is up to each individual to de-
cide which items have the best chance of increasing in value. An excellent case can be made
for or against almost anything since no one can see the future.
It's no different than stocks or bonds or real estate. When everyone dumps their stuff, and people are climbing all over themselves to get out, I'll ease their pain and buy. No "jumping in," that's way too dramatic! Just look back to the 25% plastering that Silver experienced earlier this year, that's a prime example of a thin market with scared sellers.
Meanwhile, I learn what's cool and what's not, what I like and what I don't, and then when the year comes that investors..... err ..... collectors are clamoring to sell their coins I'll be knowledgable and prepared to assist them with their sale.
“In matters of style, swim with the current; in matters of principle, stand like a rock." - Thomas Jefferson
My digital cameo album 1950-64 Cameos - take a look!
I love your comment!!!
rainbowroosie April 1, 2003
I think if there is softness in buying from collectors in the currently of the high flying series (take your pick) you'll see it first in a crunch at the auctions. The crunch will begin when many reserved lots get bought back, or lots that do sell, will sell for "rediculously" low prices. Collectors will then shy away waiting for bargains. Dealers may pick up the slak for awhile, but if they don't sell what they have, they will stop loading up as well.
If (when) this happens, we'll see a downturn, but it will not be as bad as the 1980 or 1991 ones. Fewer coins will come on the market and demand will eventually pick up again. I don't see much indicating this happening anytime soon.
We're in a bit of a speculative market here - but it's a long term speculation by collectors on rare and high end coins. Much safer prospects than non-collectors blindly buying the investment hype of boiler room operations.
Each new bottom as well as each new top is generally higher then the previous Low and high.
Time is always on the side of the collector with quality coins( regardless of grade) purchased at a
reasonable price. At least you know it will never be worth less then face value or in the case of gold
or silver, metal content.
Camelot
Coins are my hobby. I pay little attention to broken bubbles or being corrected.
All I know is if the market prices go up I will have to pay more for my coins. Of course if prices go down I will pay less for my coins. I will buy coins for my collection regardless of price.
Herb
I agree with this statement completely. If prices decline on some series, then I will simply be able to buy a little more than I currently do.....
reasonable price.
Rick Snow says: "We're in a bit of a speculative market here - but it's a long term speculation by collectors".
Aren't there a bunch of new dealers stocking up? What about John Maben and CoinGuy1? Could those guys and folks like them be fuel feeding the fire? ... or Air inflating the balloon? aw, I wish I were ClankEye so I could think of something really flowery to express my meaning.
The coin market is too big for one or two dealers to fuel it by stocking up.
The US economy is apparently in a recovery phase.....
Sorry, but I disagree, as do many others. But to each his own.
Everyone has to make their own decisions and act accordingly.
In fact no one really knows, and most will call this one wrong too. That's the way of markets.
roadrunner
My key coins were bought rite and a down turn is not a concern for me.
<< <i>The US economy is apparently in a recovery phase..... >>
<< <i>Sorry, but I disagree, as do many others. But to each his own.
Everyone has to make their own decisions and act accordingly.
In fact no one really knows, and most will call this one wrong too. That's the way of markets. >>
I also agree. Most of my money is in cash right now. How can the US economy be in recovery when we now have the biggest trade deficit in history? We are consuming far more than we are producing. I predict a long hard recession before I predict economic recovery. If that happens, there will be plenty of bargains in coins, if your lucky enough to still be making a living.
If you ever studied economics you'd understand that deficits are not necessarily a bad thing. I learned that during my first year of college...
<< <i>I have been thinking of unloading ALL of my key dates and just sitting on the money, or even sleeping on it. >>
that would be a wise move. ALL of them have been priorly bought up over 2 years,manipulatively ran up with the already bought mini hoards here and there but buying very few more after getting at 1/4 of the now run-up off of false bids that are always "filled". sell em, you'll get em back for half or less,or a lot less in a year