Does the "pension" factor cushion the coin market?

291fifth

I've always suspected that many coin collectors are retirees from the government or large corporations. As such, they have fat pensions and excellent benefits. Does anyone else think this is the case? Will it cushion any coin market downturn?

TOMCATTOM

<< <i>I've always suspected that many coin collectors are retirees from the government or large corporations. As such, they have fat pensions and excellent benefits. Does anyone else think this is the case? Will it cushion any coin market downturn? >>

I'm going to have one of those fat pensions in about 10 years from the State of Florida. I'm practicing for my retirement. "Will that be paper or plastic" or even better "wecome to Wal-mart, there's a Blue light special going on". I must be in the wrong government.

curly

Nope! Coin collecting is just what it is, a hobby. As with any hobby, you're in it alone, no one will bail you out (see $15,000 Ike). If you make money, fine, if you don't, then you've had a good time in a great hobby.

Michigan

<< <i>I've always suspected that many coin collectors are retirees from the government or large corporations. As such, they have fat pensions and excellent benefits. Does anyone else think this is the case? Will it cushion any coin market downturn? >>




A number of large corporations are going back on their promises
of fat pensions, health care costs etc. Some are outright ending
them for future retirees. I would suspect many people in the private
sector are not feeling as comfortable about their retirement or
future retirement these days. There are no real guarantees
with retirement income these days. Long term this could have
negative consequences for the coin market.