How do coins play a role in a Bear Market...(NO PUN INTENDED)
Bear
Posts: 18,953 ✭✭✭
Quality rare coins, as PMs, play a role
as a means to protect the value of assets.
When the current downturn is concluded, the
coins may be sold in order to fund stocks at the
beginning of a new bull cycle.
There is always the chance that I may be wrong,
but since Real Estate, stocks and bonds have recently been
rather poor means of preserving capital, I have chosen
rare coins and So Called Dollars in High grade and rarity.
If I am right, I will crow, if I am wrong, I guess that I will
have to eat that tough crow.
The caveat however is this, you have to know what the
heck you are doing. Buy quality, at a realistic price and hold.
In order to cover my bets as to series I have purchased the
following
Bust coinage...MS-64 Quarters and Halves
Seated Liberty..MS-65 & PR-65 Quarters and PR-64 Half Cameo
Barber................MS-66 Half, MS-65 & PR-65Cameo Quarters
Stand Liberty Quarters.. MS-66 FH(strong) Quarters, Deep Luster ,untoned
Morgan Dollars...MS-64+ PL, MS-66 DMPL, MS-65 DMPL, MS-67 s, MS-64-65 CC Dollars
So Called Dollars.. MS-64-65PL, MS-65 to 65, SO CALLED DOLLARS with R-5 Rarity or higher.
as a means to protect the value of assets.
When the current downturn is concluded, the
coins may be sold in order to fund stocks at the
beginning of a new bull cycle.
There is always the chance that I may be wrong,
but since Real Estate, stocks and bonds have recently been
rather poor means of preserving capital, I have chosen
rare coins and So Called Dollars in High grade and rarity.
If I am right, I will crow, if I am wrong, I guess that I will
have to eat that tough crow.
The caveat however is this, you have to know what the
heck you are doing. Buy quality, at a realistic price and hold.
In order to cover my bets as to series I have purchased the
following
Bust coinage...MS-64 Quarters and Halves
Seated Liberty..MS-65 & PR-65 Quarters and PR-64 Half Cameo
Barber................MS-66 Half, MS-65 & PR-65Cameo Quarters
Stand Liberty Quarters.. MS-66 FH(strong) Quarters, Deep Luster ,untoned
Morgan Dollars...MS-64+ PL, MS-66 DMPL, MS-65 DMPL, MS-67 s, MS-64-65 CC Dollars
So Called Dollars.. MS-64-65PL, MS-65 to 65, SO CALLED DOLLARS with R-5 Rarity or higher.
There once was a place called
Camelot
Camelot
0
Comments
U.S. Type Set
I think you'll be just fine...
But I just can't resist adding a comment in response to the thread title...
How do coins play a role in a Bear Market???
If you have enough of them you can always buy donuts...
Then I decided to put the money gradually into rare coins.
Regular reading of the financial thread on this Forum gave me
many leads to research to come to my decision to sell the stock.
Camelot
I would rather have my money in rare coins, gold and silver any day but....that just me.
btw, I think you are on the right track.
Stefanie
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
<< <i>Well I held stock and sold out the end of 2007.
Then I decided to put the money gradually into rare coins.
Regular reading of the financial thread on this Forum gave me
many leads to research to come to my decision to sell the stock. >>
My simple logic on this is...
Coins hold value as long the people who want them continue to be willing to pay for them...
Stocks only hold value as long as the people pushing them want them to hold value...
...and if the kaka ever does hit the fan... that which will be valued will be food, shelter, good health, friendship and family... the only "true" values we have in this life...
...I could continue to follow this "logic" path but it would lead into the OT twilight zone...
...so I will only say this...Coins and the owning of coins as a collectible (or an investment) are luxuries afforded us due to an excess of the needed commodities...as long as our economy remains stable, coins will hold value... if it were to collapse...
I'm not saying it will collapse... just sharing my simple perspective... most folks in this world are busy scraping together enough coins to feed their family... it is a luxury to be able to not only save coins but to be able to consider them as collectibles... or investments...
if the economy were to fall apart...they would become meaningless
Camelot
<< <i>If all else fails, I still got me my guns. >>
...and I sincerely hope you never have a need to use them...
If our dollar continues to drop and the economy tanks(even worse)
Wouldn't the rare coins be even more attractive to overseas buyers?
Therefore a wise investment...
Stefanie
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CoinsAreFun Toned Silver Eagle Proof Album
.
Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
.
More CoinsAreFun Pictorials NGC
<< <i>A question....
If our dollar continues to drop and the economy tanks(even worse)
Wouldn't the rare coins be even more attractive to overseas buyers?
Therefore a wise investment...
Stefanie >>
Not sure about rare coins but maybe bullion.
that will serve as stores for value. As such,
rare coins will join diamonds, art, Gold and rare books
as a means to store money ,profitably ,in a small space.
Is it a risk? Of course it is, however what investment in
the world has no risk.
Camelot
making its presence known. While this hot money will eventually
have the same effect it did the last time, top tier rare coins still
have a way to go in light of the falling dollar. There just seems
no good place for money but collectibles at this time of growing
inflation.
Camelot
<< <i>If all else fails, I still got me my guns. >>
Remember though, in times of crisis, people with guns will quickly run out of ammo. Keep around 500 rounds available and make sure your ammo is fresh.
In talking to friends about the guns they own, most have a couple of clips of ammo without thinking how far that will last them in bad times. Without bullets their guns are expensive paperweights.
peacockcoins
Camelot
<< <i>I have enough ammo to capture Costa Rica. >>
And what then would you do with it?
peacockcoins
Seriously, speaking of guns, I was reading the QDB book about California and the gold rush, if I was transporting gold around the way they had to, I think I'd want a Sharps rifle, a double-barrel shotgun, a couple of pistols, and a fast horse.
The book is a fun read.
<< <i>Without bullets their guns are expensive paperweights. >>
Naw, they make pretty good clubs too!
Coins sell in a bear market they just do not sell for as much. The current stock picture is interesting and like 911 I would buy at the bottom with the funds I had. The trick is not where the bottom will be. I think the stocks will go down further until November. Great buying opportunities in my opinion.
I grew up around guns but never owed more than a shotgun until 2 weeks ago. In my eyes Costa rica is small thinking
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
<< <i>
<< <i>Without bullets their guns are expensive paperweights. >>
Naw, they make pretty good clubs too!
Yeah... unless the other guy wasn't as foolish and his gun is loaded.
peacockcoins