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Nothing to worry about

BearBear Posts: 18,954 ✭✭
in Precious Metals
By 2050, the coming depression will

be long forgotten. So cheer up everyone.
There once was a place called
Camelotimage

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    MetalsmanMetalsman Posts: 2,033 ✭✭✭
    Exactly WHO is depressed.. The ones who got in over their heads.. dare I say?image
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    Coll3ctorColl3ctor Posts: 3,314 ✭✭✭


    << <i>By 2050, the coming depression will

    be long forgotten. So cheer up everyone. >>





    imageimageimage
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    MetalsmanMetalsman Posts: 2,033 ✭✭✭


    << <i>

    << <i>By 2050, the coming depression will

    be long forgotten. So cheer up everyone. >>





    imageimageimage >>

    ..... Exactly WHAT happens during a depression!image
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    BearBear Posts: 18,954 ✭✭
    During a depression, everything gets very cheap.

    The problem is, no body has any money. As

    things get cheaper, profits go down, companies get

    closed and people get hours reduced or are unemployed.

    People and Companies are unable to repay enormous debt

    and credit becomes almost unobtainable. Do some folks do well

    in a depression sure, but the other 70% of us are really in trouble.

    As 40lks collapse and fixed benefit pensions are no longer solvent

    you will have retired people who no longer have adequate means

    of support.Of course, things might not get as bad as we may fear.

    But, WHAT IF IT DOES?

    Once the downward cycle gets well established, It usually

    takes years to pull the economy out of the sink hole.
    There once was a place called
    Camelotimage
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    tincuptincup Posts: 4,785 ✭✭✭✭✭
    Bear, it looks like these things just have to go in a cycle. No matter what system is in place, there will be those who abuse it until things get way out of whack like now.... and things just have to crash out and then start over. Guess nothing lasts forever. We had some good financial times, and now looks like we have to take some bad times. But lets hope it lasts no more than a year or two (could last much longer, depending on how bad the politicians can screw things up).
    ----- kj
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    Coll3ctorColl3ctor Posts: 3,314 ✭✭✭


    << <i>Bear, it looks like these things just have to go in a cycle. No matter what system is in place, there will be those who abuse it until things get way out of whack like now.... and things just have to crash out and then start over. Guess nothing lasts forever. We had some good financial times, and now looks like we have to take some bad times. But lets hope it lasts no more than a year or two (could last much longer, depending on how bad the politicians can screw things up). >>





    image
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    BearBear Posts: 18,954 ✭✭
    Now the good news. In the event of deflation, rare coins will

    probably suffer less then most hard assets. In the case of inflation,

    rare coins should prove a good storehouse for absolute value and

    then some. This economic crises will not impact coins anywhere near

    1970. in the 70s, coins had been inflated to 3-4 times their true value.

    Today, coins are pretty much valued near there actual value. No coin

    bubble this time.
    There once was a place called
    Camelotimage
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