Once the Stock Market shows Green for 2 days, will all the 'coin market falling" posts stop?
ambro51
Posts: 14,053 ✭✭✭✭✭
I know this negative feeling watching the crooked stock market rubs off.....and some of you feel the need to be negative regarding coins. When the market correction is over, will your feelings change?
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Numishell
Coin Rarities Online
<< <i>I doubt it. There have been plenty of "coin prices are falling!" posts running nearly continuously on this board for the past several years. >>
Agreed, but This Time It's Different™.
Good thing about it is that the stocks that did a 75% drop then did a 2/1 rev split & got delisted no longer show on my account and I have a write off for the next 20 years so I feel much better about it.
It makes up for my 18 year old daughter (tax deduction) moving out.
But, really, lets try to be positive.
"Once the Stock Market shows Green for 2 days, will all the 'coin market falling" posts stop?"
I truly doubt it. The "sky is falling" started before the stock market dumped and will continue.
If you spew forth the same BS long enough it becomes fact, even if it isn't true. The current political climate is
proof of this.
One day the government may not even be able to afford clad coinage because the cost of the metal is worth more than the value of the money. Can you say "wooden nickels" from the US mint?. I'm almost not kidding.
Say what? For real? Now, that would truly be a "bifurcated market".
I knew it would happen.
there IS a choice, rather than the two candidates that are 'well known;,
Not saying that Nader would be any different, but he IS on the ballot.
(uhoh moderaters and poofers please excuse this momentary lapse into the forbidden thread area, I promise to be a good boy from now on)
It ended in 1941 when the USA entered WW2 and our industry, hearts and minds were woken out of a long slumber.
Perhaps WW3 will be the catylist for a complete economic recovery. But seeing the vast multitude of the youth of today, I dont think 5% of them have the gumption that the WW2 generation had.
Right now, we are experiencing a lack of trust with various systems that are based on trust.
All we really need is to wait a generation or two and folks will forget. It doesn't really require a war.
I did not live through WW2, but I do know it was a scary thing and that when America entered it, there was absolutely no guarantee we would win. It was a very scary time. But we prevailed. We came out of it with this 'invincible' feeling. That feeling is dangerous as it is incorrect. It seems to me that the financial system has given us enough punishment to try to overcome.
Far from 'waking us up', WW2 was so scary that it completely redirected us. Everything stopped and switched into a war machine mode. I, for one, do NOT want to see that. I want to be part of a system that grows by creating things...not by destroying things.
there is sentiment from a casual collector like myself, to move out of slabbed coins and into physical PM. keeping your box of twenty intact...or whatever you hold dearest of course. i cannot speak for dealers, just myself.
i'm concerned more about my total finances much more keenly so than getting another SLQ during this economy.
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The sky is falling,
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isn't it?
As a Coin Dealer asked in an email I just opened, Do You Think Warren Buffett is Worried ? Do not panic. Trust those experienced Dealers who deal in premium numismatics. They say BUY buy buy BUY BUY buy premium absolute best out there from them. Stand by them and do not fear.
I'll say it again Do You Think Warren Buffett is Worried ?
Buy the best Coins from the best Dealers, and don't worry about a thing.
burn baby burn
This is the first negative thread I've seen.
``https://ebay.us/m/KxolR5
The coin market is another matter.
The people that are dumping stocks need some place to put their money. You can bet there's going to be some amount of this money put into collectible coins.
I keep looking for bargains on Ebay and coin dealers websites, but so far the doom and gloom seems to be confined to the Collectors Universe Forums.
They just ain't giving product away yet.
Ray
As a Coin Dealer asked in an email I just opened, Do You Think Warren Buffett is Worried ? Do not panic. Trust those experienced Dealers who deal in premium numismatics. They say BUY buy buy BUY BUY buy premium absolute best out there from them. Stand by them and do not fear.
I'll say it again Do You Think Warren Buffett is Worried ?
Buy the best Coins from the best Dealers, and don't worry about a thing. >>>
I forget who it was, but back in 1929 some rich person like a Buffett bought I believe it was 15,000 shares of US Steel right around the time of the crash, which was a huge stock purchase back then. That helped boost confidence for about a day or two, but obviously it didn't work. This Buffett transaction is basically meaningless.
Frankly, it's amazing how history repeats itself...and George Santayana was correct.
.........last time I looked we WERE at war -on several fronts ; to the spending tune of billions of dollars a month to finance them ......no, no war is going to save us this time .