Let us review the safe way to conserve wealth

Bear

1.. Bank accounts with inflation, probably losing 6% a year.

2. Bonds probably losing 4% a year.

3. Gold, silver Platinum is PLOP.

4. Under the mattress...Losing 7% a year

5. Stock......HOLY MOTHER OF G-D!

6. Quality rare coins......Not to bad at all.
they seem to be holding their own!


Now, If you choose to invest
your money in Charmin
Extra Soft, you will find that
the administrative paper work
can be rather pleasant.

ziggy29

<< <i>6. Quality rare coins......Not to bad at all.
they seem to be holding their own! >>

About that roll of 1903-O Morgans I bought in 1960...

ttown

Timing is everything isn't it? What do you bet at this peak in the coin market the bubble bust like every other asset class has done. The thing about collectables are that when you need the money to live everyone trys to sell them. Now if your rich it's not a problem since you get a bargin and hold for brighter days. The real problem today is the middle class is upside down and have little that isn't being rented by the banks.

Bear

Bears Law....Available assets are inverse to
the square of financial need.

OR

The less you have, the more you need!


Bears Law...The possibility of PCGS giving you
a major coin upgrade to bail you out of debt, is
equal to 10 to the 20th power.

Bankruptcy is a state of mind. If you can still borrow,
you are still a successful person. Why should we be
worried of paying off debt, if the Government is not
worried.

roadrunner

For those wishing for gold to hit $400-$650, that will probably burst the rare coin bubble to a significant extent. The only thing holding rare coins up right is gold staying above $750. As in early 1980, once gold faulters big-time, rare coins follow within a couple of months. So for now rare coins are conserving wealth to some extent. Slabbed $20 saints in MS60-65 and Libs in MS60-64 have not only held up but have exceeded the March 2008 highs by up to 25%....for now. Toss in $5 Libs and $10 Libs in MS62 as other generic gold holding up over the past couple of months (basically BU bullion).

roadrunner

Bear

So, what you are all saying

is that everything is....PLOP!