Gold... Everyone is talking about it. But, looking at it from another perspective, what are the neg

MrBreeze · May 10, 2006 6:32AM

of the rise in gold, on you, as a collector?

I would like to hear what everyone else thinks. Here are two things I have experienced.

1. The Buffalo coins, which I had a mild interest in, could be $1,200+ by the time they are sold to the public. Interest gone.

2. Buying generic gold coins, which I casually did in the nineties and early 00's, is officially over, and has been for six months or more.

JJM · May 10, 2006 6:34AM

my only problem is that I dont have enough...I still think common date AU Doubles are a buy

HonoluluDude · May 10, 2006 6:41AM

The one negative impact I could see on the coin collector thing is that
numismatic premiums will shrink if the dollar crashes. People will
probably not pay a collectible premium in a time of crisis and buy
straight up unslabbed gold instead.

291fifth · May 10, 2006 6:48AM

A surprising number of gold coins are probably not much more than melt bucket material if holders of contracts start demanding physical delivery.

CalGold · May 10, 2006 7:33AM

The run up of metals now makes a story the telemarkets can sell. They can show big returns. If onlyl you had bought last week etc. The negative impact will be the boiler room callers will suck in the life savings of unsuitable investors like reitrees at the top and at big premiums over spot and they will be stuck as the price declines. Whether collectors have to stand on sidelines for a while is small patatoes.

CG

fc · May 10, 2006 7:35AM

the negatives to me, is that i was in a buying mode and trying
to learn about US gold coins... then BAM, gold was 500-700
soon after.

it is getting expensive to buy the common dates now and
interest has peaked in better dates all the while.

too much competition. i am selling now.

Gold... Everyone is talking about it. But, looking at it from another perspective, what are the neg

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