Could the coin market get hotter next 5 years?
Coinsponge
Posts: 3,927 ✭✭✭
With the price of metals going higher and new coins from the mint I am sensing a bubble develop in the coin market? Could it be or is it just the beans I ate last night.
Gold and silver are valuable but wisdom is priceless.
0
Comments
Beans are nutritious.
``https://ebay.us/m/KxolR5
I dunno brother, maybe yes.....then again, maybe no.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
This question seems similar to the one that asked about gaining the most or capitalizing from gold's momentum, or something like that. I'd think "hold your gold now while it is going up" is the best way to capitalize on the gold market. Please guide me if I'm thinking wrong.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
really bad.
Economic sanctions are not going to work against Iran like they did with North Korea.
bob
But back to the real question, I believe the coin market is slowing down, and it will only get hotter in five years if it gets cooler first.
<< <i>The US military attack on Iran most likely coming sometime in 2008 could cause an economic downturn if the oil sitation gets
really bad.
Economic sanctions are not going to work against Iran like they did with North Korea. >>
Do you really think Bush will start something so big in the twilight of his term? I think he will kick the can for the next President to deal with.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>It's the insane president of Iran who believes in the 12th Iman prophecy and worldwide Caliphate and Sharia Law and exterminating Israel who is starting something with his acquisition of nuclear weapons. That and the riches provided by those oil reserves puts the rest of the planet in peril, wouldn't you agree? Shall we do nothing? >>
We should but I would try everything short of our forces first. We need someone who can use the bully pulpit on a world wide scale and really put the pressure on that mad man. Maybe a little aircraft carrier diplomacy. Why not put a lot of forces on the border and make him a little nervous? Why do we roll out the red carpet when he has the gall to come over here? We should have more speeches by lower officials telling everyone of his human rights violations, etc.
<< <i>I hope the market cools considerably. Since I do not sell, I would like to buy. Precious metals will not cool... they are headed into record territory. I do not pretend to know where the top is... but it will be way beyond $800/oz. for gold, and probably exceed $15 for silver. Cheers, RickO >>
You can always buy mint/proof sets from the US government. I don't think you have to worry about that market getting too hot.
<< <i>The US military attack on Iran most likely coming sometime in 2008 could cause an economic downturn if the oil sitation gets
really bad.
Economic sanctions are not going to work against Iran like they did with North Korea. >>
Heaven Forbid but How? We cannot even staff the war we have going on now considering we have Navy and Air Force personnel on the ground doing Army jobs because we can not find enough soldiers. Iran has three times the population of Iraq and perhaps ten times the intelligence. Tehran is the most populated city in the world with the highest rate of pollution. Maybe they like other people deserve nuclear power to relieve the pollution.
Realize this is off topic but I get so sick of this saber rattling and I have a Persian ( Iranian ) Gold Coin.
Chance favors the prepared mind.
<< <i>The US military attack on Iran most likely coming sometime in 2008 could cause an economic downturn if the oil sitation gets
really bad.
Economic sanctions are not going to work against Iran like they did with North Korea. >>
no more boots on the ground. atomics, we payed for them, use 'em. no more boots. god's fire for them. do you think they would even hesitate to do the same to US?
<< <i>On planet Earth, "Iran has the world's second largest reserves of conventional crude oil at 133 gigabarrels, according to the CIA World Factbook, although it should be noted that both Canada and Venezuela have larger reserves if Non-conventional oil is included. Iran is the second largest oil holder globally with approximately 10% of the world's oil."
But back to the real question, I believe the coin market is slowing down, and it will only get hotter in five years if it gets cooler first. >>
Screw Iran .....we don't need their oil....Every dollar invested in them goes to Nuclear weapons against us.
Let's not forget China..and Russia..their vast lands are full of resourses waiting to be tapped.Europe will depend on Russia for their oil.China will be the next trading partner for oil.
And back to the real question of coins if the metals go higher ..so will coin prices as we have seen in the past.If Gold and Silver tank..so will those precious silver Morgans we have seen will take the biggest hit...
This is crazy.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>How much is a cruise missile? I don't want to work the rest of my life to pay the taxes for a downpayment on 1 cruise missile which may, or may not kill some Iranians who did nothing to me. Most of the people who are standing behind this don't have a pot to piss in and have no morals whatsoever.
This is crazy. >>
again, OT, cruise missle cheap. our sons and daughters, priceless. all we need do is drop an atomic in the desert over there as the warning, no extensive killing, in the desert somewhere. and i'm sorry to be so nasty, but our sons and daughters, this is no good.
the mantra; NO MORE BOOTS ON THE GROUND.
Imagine Ben Ladden having Nuclear weapons!
Up until now Ben Ladden has been allowed to use Commercial Airlines to do his dirty work!
Warning may not be suitable for children.(but it is on you tube)
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>I dunno brother, maybe yes.....then again, maybe no. >>
Curly, you are so profound. This is the perfect answer. Like so many of your other replies to threads, you cut to the quick and "keep it simple, stu..." (kiss principle)
<< <i>
<< <i>How much is a cruise missile? I don't want to work the rest of my life to pay the taxes for a downpayment on 1 cruise missile which may, or may not kill some Iranians who did nothing to me. Most of the people who are standing behind this don't have a pot to piss in and have no morals whatsoever.
This is crazy. >>
again, OT, cruise missle cheap. our sons and daughters, priceless. all we need do is drop an atomic in the desert over there as the warning, no extensive killing, in the desert somewhere. and i'm sorry to be so nasty, but our sons and daughters, this is no good.
. >>
Right and people like you are the reason why this place is in the shape it's in.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Laugh....... Life is short, my friends.
my son leaves for Iraq on Tues. for his 3rd tour. Please keep him in your thoughts. Thanks.
I was talking to a long term friend of mine...who happens to be one of the most financially astute persons I've meet in my life. He's says we could see a repeat of 1980 when people were lined up at the coin shops. Only this time he feels they won't be selling their sterling silver...they'll be buying gold.
There's a lot of U.S. dollars floating around the world.
it could be very interesting for all rare coins.
hrh
<< <i>I was talking to a long term friend of mine...who happens to be one of the most financially astute persons I've meet in my life. He's says we could see a repeat of 1980 when people were lined up at the coin shops. Only this time he feels they won't be selling their sterling silver...they'll be buying gold.
There's a lot of U.S. dollars floating around the world.
it could be very interesting for all rare coins.
hrh >>
They were some goooooood times
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Got a real strong feeling that good times for you, Tom, are bad times for the rest of us. But as you said, Iran didn't ever do anything to YOU. And that's what it's all about.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>
<< <i>The US military attack on Iran most likely coming sometime in 2008 could cause an economic downturn if the oil sitation gets
really bad.
Economic sanctions are not going to work against Iran like they did with North Korea. >>
Heaven Forbid but How? We cannot even staff the war we have going on now considering we have Navy and Air Force personnel on the ground doing Army jobs because we can not find enough soldiers. Iran has three times the population of Iraq and perhaps ten times the intelligence. Tehran is the most populated city in the world with the highest rate of pollution. Maybe they like other people deserve nuclear power to relieve the pollution.
Wake up and smell the fanatics. They are not going away
Realize this is off topic but I get so sick of this saber rattling and I have a Persian ( Iranian ) Gold Coin. >>
Fred, Las Vegas, NV
I heard yesterday, we only have 8% of our troops in Iraq. American casualties down, Iraq deaths down, violence down.
Iran: heard our secretary of state, Ms Rice say just yesterday, we AND our allies will not allow Iran to acquire nuclear weapons. Germany and France are with us on this one. We won't go it alone with Iran. Nor did we go it alone with Iraq. We've fought many wars and have not taken any lands!
Coins/Economics: Pretty easy to fiqure out. How has the coin market done these past 8 years under Republican leadership? How did the market go for 8 years under Clinton/Democratic leadership? Which 8 years brought higher profits?
If collectors have more money in their pockets, they'll buy more coins. Period.
Democrats will raise taxes. Democrats want bigger government and more government programs.
Coin collectors are rugged individualists. We can do it on our own.
ROTFLMAO! What a simplistic tainted analysis...
Why have coins gone up under Bush's rule? Cuz the dollar ain't worth crap anymore... W's spending them faster than they can be printed.
people..................show us some coins!
And except for the Type II gold dollar, my basic US gold type set is complete - so despite an ever-inflating gold price, it doesn't much affect that particular type. Still have trouble spending that much $$$ for a button-sized piece of gold!
<< <i>Pharmer--Great analysis on your last comment. As long as some people aren't bothered, they don't care. To them, the future doesn't exist. Only today and me. Steve >>
Thanks, Steve. Anyway, back to the OP's question, I am going to be interested in seeing if the collector coin market is affected. People assert there is a connection, so we should find out once and for all.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>No saber rattling here. Just facts..... Where can we get the true facts? Not TV...
If collectors have more money in their pockets, they'll buy more coins. Period.
Democrats will raise taxes. Democrats want bigger government and more government programs... >>
Certainly can't get the facts here either. Between 2001 and 2006, federal NON defense spending, and federal discretionary spending, grew at the fastest rate since LBJ was president. Federal spending grew TWICE as fast during the 1st six years of Bush's presidency, vs. Clinton's.
Do I need to remind you that Republicans controlled the house, senate and white house during that time period?
oh yeah, they did so at the same time that they cut taxes-making GW Bush the only president in the history of the republic to cut taxes in time of war.
nothing like ensuring that our children will have to pay higher taxes to pay off our obligations for our war today, with interest, is there?
<< <i>...Jimmy Carter opening the gates for Khomeni and Islamofascism. >>
10/23/1983
241 american servicemen in Lebanon were killed in the barracks bombing sponsored by Iran via Islamic jihad. 56 French troops were killed in a similar attack.
10/24/1983
"President Reagan is determined that we will not be driven out of Lebanon by the enemies of peace. We will stay, and we will carry out our mission." Secretary of State George Schultz
February, 1984 US troops in Lebanon withdrawn.
1985-1986 US sells Hawk missiles to Iranian government, at a time when Iran held numerous US hostages.
Yeah, that Reagan sure showed those Islamofascists, unlike Carter.
Bi partisan approach by our next elected leader, to work thru
all the problems that face us. Coin collecting is an elective choice.
It is not a mandatory act needed for survival. If the economic ,
monetary, geopolitical , military and trade issues are not dealt with
in an appropriate manner, then how hot the coin market will be in the
next five years will pale, in the face of Armageddon like developments.
Camelot
<< <i>We're going to find out if the price of metals has anything to do with coin market prices. I'm betting no, even if silver does go to $20 like the bugs say, I don't think it will affect the value of Dizzy's commems, nor will the price of gold affect the value of Saints' Saints. But we shall see, won't we? Bout time to confirm or refute the notion that bullion prices relates to the collector coin market in any way. Coin market. Collector coin market. >>
I'm betting 'YES'.. Look a the past six or seven years... Just how many of you are new to this "HOBBY",???.. Greed,, investors,, how many of you buy coins just to sell on ebay, or have bought coins to "GET' into the buying frenzy that has been seen on ebay in the last few years,, How many of you have asked the question,," Where can I buy coins at cost , thinking , gee, I can sell them for a profit... How many of you were here ten years ago????... Everybody wants to be a dealer,, how many of you really even knows what it takes to be a 'True' Dealer,???????... Too many cheifs and not enough Indians is what your going to see...
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>No clue what your rant about the rest of us is supposed to mean. The question is if there will be a correlation between the rapidly rising metals prices and the coins they are made of. Have an opinion on that? >>
,, As A Matter of Fact I Do... I Was here before the State Qrts. Craze started,, and I can tell You.. it was a whole different ball game then.. Since 1999/2000 the market started to move,, slowly,, but ever so slightly,,, in around 2003 when Gold/Silver started to move I noticed all coins especially pre 1900 coins started to move rapidly... Do you really think this is unique,????????????.. just in your space of time,,???.. this market boom has happened many times before,, Take a little time to read,, Have you ever heard the phrase "" History repeats itself",,, ???????... If you do not know what is happening Right now in Front of Your Face,, Then I suggest you do a little bit of reading about the past performances of the coin market..!!!!...