Oils up, golds up, good news for coin people?
mrearlygold
Posts: 17,858 ✭✭✭
Bad news for everyone else?
Tom
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
0
Comments
<< <i>Oils up, means less money for coins, how is this good? >>
Who has less money? I'm doing record sales.
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Inflation is a negative fpor most people especially in the long run because it causes
inefficiencies and imbalances in the economy which hurt some productive enter-
prises. It usually appears a good thing to many, especially in the arly stages. Coin
prices are likely to be up and continue up so it will be good for those with a lot of
assets in coins, but in the long run there will be a high probability that prices will
not stay ahead of inflation.
Even if the inflation never fully materializes, there is little real profit to most individuals
in this country from the fall of the dollar. While it will tend to stabilize employment in
the short run it may be highly destructive in the longer term.
There's a year waiting list for some cars.
Pretty amazing what's going on there. You should see the Lowes in Hong Kong. With the rewrite of their constitution allowing property ownership and thereby abandoning one of the major marxist obstacles to a free market, the place has been going like mad.
Ditto on Vietnam.
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Gas is getting to the point where a lot of people stop driving except when necessary, and that helps with the supply as well. >>
not in Houston.
<< <i>Who has less money? I'm doing record sales.
Tom >>
There's more money in selling records than in coins?
<< <i>
<< <i>Who has less money? I'm doing record sales.
Tom >>
There's more money in selling records than in coins?
Probably Barry
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Gold in the 420 range.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
I am short crude and am underwater obviously at the moment. I am heavy long U.S. rare coins and am way ahead of the game. I am watching in amazement as the prices of some of this stuff starts to move yet we are still way below where coin prices could be. Take the $5 Indian gold series. A MS65 common date (all $5 Indians are rare in MS65 but use this as an example) is about $10K today whereas they were at one point $25K.
The next few years it would probably be better to live abroad and own foreign currency as we can never pay back our debt without inflation and deflating the value of the dollar. That will help hard assets like coins.....
My $5 Indian Registry Set
$20 Saint Gaudens Registry Set
<< <i>I have to agree with TOM on this one as the coin market will simply accelerate its move as commodities go higher. I am not certain that oil can sustain this run as its predicated on distillates (heating oil, fuel, etc.).....Only 10% of the country even uses heating oil so what's the big deal?
I am short crude and am underwater obviously at the moment. I am heavy long U.S. rare coins and am way ahead of the game. I am watching in amazement as the prices of some of this stuff starts to move yet we are still way below where coin prices could be. Take the $5 Indian gold series. A MS65 common date (all $5 Indians are rare in MS65 but use this as an example) is about $10K today whereas they were at one point $25K.
The next few years it would probably be better to live abroad and own foreign currency as we can never pay back our debt without inflation and deflating the value of the dollar. That will help hard assets like coins.....
Oil is a big in Asia. So are other fuels that we don't use much anymore for heating. The world isn't revolving around the US anymore and with a debt as high as it is, there has to be some major shake outs ahead.
I disagree with the Indian half eagles though. A lot of those numbers were because of pop scams.
Rgrds
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
their the third largest oil user at this point with a very small amout of this being used use per person
but as they grow into the new world uses so will their use of oil and our need for it
they are a force we can only guess at never has this been seen before
we our in a new world throw out the old rules
just my guess
The Canadian dollar has already surged past $.81 today.
<< <i><<<<<<<<<<The Euro is at $1.29, tha Canadian dollar at $.80, the yen is 107, >>>>>>>>
The Canadian dollar has already surged past $.81 today. >>
It's going to be interesting if the canadian dollar reaches parity with the US dollar.
But wait, the Chinese are working on making the rmb more accepted on the world stage. The euro which isn't even a contender in comparison to the rmb has surpassed the dollar.
Tom
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>The world isn't revolving around the US anymore >>
Funny, after all the propping up of the Euro that we did. Would have been a touch embarassing if the European currency hadn't been bailed out. Ultimately the inefficiencies combined with our debt will strangle us, but we'll be the world's #1 military and economic power for the next hundred years, easily.
It's interesting to note that at least we honor our debts. A great many countries, even "modern" western nations such as England, have repudiated all or part of their national debt (for instance, war bonds from WWI in England, although I think they eventually got around to honoring them at face value--60 years after the end of the war). Yes, our debt is astronomical. But everyone knows we have no intention of ever repudiating our debt (the same certainly can't be said for Mexico!). On the other hand, in a worst-case-scenario situation, we always could do so, as would happen in the even of a war with the Japanese or some other nation that held a great deal of our debt--which would terribly damage that nation's economy. Such a large debt is bad, but it does give us some power over our creditors, since the most powerful nation on Earth can at any time leave its creditors holding worthless paper.
Exxon Valdez slabbed crude to match the cental america gold, of course it would have to be autograohed by Captain Hazelwood as an American Hero
<< <i>
<< <i>The world isn't revolving around the US anymore >>
Funny, after all the propping up of the Euro that we did.
Such a large debt is bad, but it does give us some power over our creditors, since the most powerful nation on Earth can at any time leave its creditors holding worthless paper. >>
Who is "we"?
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
She will offer to cancel most of that debt in exchange for a peaceful takeover of Taiwan in which the US will agree not to intervene militarily. We will "agree" to such terms since we will have no choice.
JMHO(Just My Honest Opinion)
2. in todays "world economy" there seems little allegiance between competing countries, with the Europeans shortsightedly forgetting who brought them to the party.
3. if we're not careful we'll all be bowing to the Yen some day.
4. oil is probably the number one commodity which acts of it's own volition with no regard to factors of supply-and-demand. OPEC simply raises prices or slows production on a well conceived whim. we have been riding this Merry-Go-Round since the early 70's and still haven't learned!!! like Bubba's mother said to Forrest, "What are you, stupid or somethin'??"
5. as long as everyone eagerly steps up to pay ever-higher/spiraling prices on coins, they will just get more expensive no matter what oil/gold do. dealers can't work for long by holding their inventory, it must be constantly rolled back into stock in the relatively short term. that's why there's always a watchful eye cast on the market with the attendant discussion here about where prices are going. an extended "down cycle" of only three short months would be cause for a major alarm. low attendance and poor sales at the 2005 F.U.N. Show followed by the same at Long Beach would have many dealers bailing and many more biting their fingernails. i'm not predicting that will happen, just saying that if it did the picture would change very quickly.
have a nice day.
al h.
Not if we cannot pay our military men or buy weapons. At current projections the nation's unfunded liabilities on paper will cost us
$75 TRILLION over the next 75 years. This doesn't count new pork either, just the current stuff. Until we get our economic house in order, there's no way we can be the world's #1 power 50 years down the road, let alone 100.
It's interesting to note that at least we honor our debts
Such debt is typically paid back with deflated currency. The actual act seems noteworthy, but considering we'll be paying back at pennies on the dollar, it's nothing to be proud about.
Such a large debt is bad, but it does give us some power over our creditors, since the most powerful nation on Earth can at any time leave its creditors holding worthless paper.
If we get to that point, it is us who will be worthless. Long before our currency becomes so hyperinflationary as to be near worthless, nations like China and Japan will have long since resolved their debt.
Right now, the Chinese are happy to buy tangible goods with our dollars (oil, gold mines, precious metals, building materials, etc).
And believe me, they are trying to get rid of them as fast as they get them. They play the game for now because we offer a nice haven for their cheap imports (hi Walmart).
And after we leave the world holding our worthless paper, who will we sell our goods and services too? And how will we pay them if they do buy as only oil, gold, silver, real estate and other currencies will viable alternatives. AT this point no one will invest in us unless they exact a tangible trade. Who will continue propping up our economy to the tune of $500 BILLION per year as Asia has? Our nation will be in the toilet, #1 military power or not. And at that point, even our own military won't accept being paid in worthless dollars. Tangible goods will fly from the shelves.
Holding the "worthless dollar" card is not a card that can be played.
roadrunner