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It will be interesting, to see how well rare coins will keep up
Bear
Posts: 18,953 ✭✭✭
If inflation over the next few years should reach 10 - 20% a year.
A growing number of people are seriously weighing the ramifications
and potentials of such an investment of resources. Of course, coins do
not pay dividends like stocks or interest like bonds, but still, in a basket
of mixed investments it is an interesting concept. Many folks got into PMs
at the high point of the pricing and are now somewhat under water. Other folks
ran back to the stock market, but the past 6 weeks have not been good and
week seven may not look any better. Bank deposits may pay you 0.5% If you
deposit 10,000 dollars for one whole year. Bonds are at a very high level and
one may ask, if the risk is not balanced by the low interest reward. Real Estate
is not in a healthy state. Thus, where does one turn, in order to protect the true
value of ones resources? Remember, while half the Nations people are in
financial distress, the other half seems to be doing fine. Some of that upper half
are in fact doing fabulous. They seem to have the money to buy classic coins in
very high condition as well as wold class rarities in coins.
A growing number of people are seriously weighing the ramifications
and potentials of such an investment of resources. Of course, coins do
not pay dividends like stocks or interest like bonds, but still, in a basket
of mixed investments it is an interesting concept. Many folks got into PMs
at the high point of the pricing and are now somewhat under water. Other folks
ran back to the stock market, but the past 6 weeks have not been good and
week seven may not look any better. Bank deposits may pay you 0.5% If you
deposit 10,000 dollars for one whole year. Bonds are at a very high level and
one may ask, if the risk is not balanced by the low interest reward. Real Estate
is not in a healthy state. Thus, where does one turn, in order to protect the true
value of ones resources? Remember, while half the Nations people are in
financial distress, the other half seems to be doing fine. Some of that upper half
are in fact doing fabulous. They seem to have the money to buy classic coins in
very high condition as well as wold class rarities in coins.
There once was a place called
Camelot
Camelot
0
Comments
What, are you crazy? You'll be BBQ's your neighbor for survival!
Some where around the Johnson/Nixon administrations.
Camelot
Just hang on, brother. That's all we can do. Take care of you and yours, help your neighbors when you can. We will get though it.
With all the mismanagement , corruption and stupidity of our leadership, we shall
endure and in the end, prevail.
Camelot
If you believe the people at Fox, if they calculated inflation today like they did 20 years ago, our current rate would actually be somewhere around 10%.
Most of the fuzzy math used today goes like this: A TV today costs $500. 20 years ago a TV cost $500. But, TVs today are "10 times better!", so one really should have cost $5,000. The "deflation" of TVs is used to offset the actual inflation of commodoties like food, energy, etc.
Magic math. The government is very good at it. A congress or president monkeying around with a weak economy at 10% inflation and 10% unemployment wouldn't last through an election cycle. It's far better to demonstrate pretty numbers, regardless of reality.
However, with rare coins, the value of ones you want to buy will rise or fall with the value of ones you want to sell. As long as you're still "in the game" it should be plenty easy to trade this coin for that coin. If a lot of people start liquidating collecitons to survive, it will be really nice for those who are trying to collect. But, that's a pretty obvious statement.
It amazes me that real estate is cheap and getting cheaper, yet no one seems to want to buy low; instead everyone prefers to wait until the rest of the crowd is chasing the same investments.
Commems and Early Type
The institutionally-induced denial is breaking down. Our country's economic problems are structural, not cyclical.
The Ursine Oracle speaks truth even if our statistics disagree.
Whatever his timing, he's putting away the good stuff. And it's pretty too. All of it won't appreciate to the same degree, but it's got the the right stuff.
Mediocre widgets are going to languish and/or go down. Widget schlock will go down more. Drecky rare schlock will be a "value trap" that it'll take the owner more years than one could imagine to sell. As new collector/investors enter the market, their due diligence will inform them that a 73-CC S$1 AU-53, rare and fugly, as are most, should not be a part of their portfolio. And who else has the money?
Let's face it, some coins like this are going to take so long to come back it's almost irrelevant if they do.
Deeply and truly screwed are we. And the top 5% could mostly care less. "Mine, Me, Me, Mine". Tiffany's and other high-end stores are doing great. Better news; the number of billionaires, down in 2009, was back up again last year. So what's the problem?
Sorry about my dystopian view. Being right about it (if I am) will be small consolation. This ain't the American Century no more.
Bread and circuses are next.
Or is that Big Macs and UFC.
<< <i>From my observations it's something like 5% doing really well, 20% doing decent + to pretty well, 35% barely scraping by and a lot more people in the crapper than we really want to hear about.
The institutionally induced denial is breaking down.
The Ursine Oracle speaks truth even if our statistics disagree.
Widgets are going to languish and/or go down. Widget schlock will go down more. Drecky rare schlock will be a "value trap" that it'll take the owner more years than one could imagine to sell. As new collector/investors enter the market their due diligence will inform them that a 73-CC S$1 AU-53, rare and fugly, as are most, should not be a part of their portfolio. And who else has the money?
Deeply and truly screwed are we. And the top 5% could mostly care less.
Sorry about my dystopian view.
Bread and circuses are next. Or is that Big Macs and UFC.
I love your posts... they flow and are so easy to follow!
Armored SUVs may be the next craze.
<< <i>From my observations it's something like 5% doing really well, 20% doing decent + to pretty well, 35% barely scraping by and a lot more people in the crapper than we really want to hear about.
The institutionally-induced denial is breaking down. Our country's economic problems are structural, not cyclical.
The Ursine Oracle speaks truth even if our statistics disagree.
Whatever his timing, he's putting away the good stuff. And it's pretty too. All of it won't appreciate to the same degree, but it's got the the right stuff.
Mediocre widgets are going to languish and/or go down. Widget schlock will go down more. Drecky rare schlock will be a "value trap" that it'll take the owner more years than one could imagine to sell. As new collector/investors enter the market, their due diligence will inform them that a 73-CC S$1 AU-53, rare and fugly, as are most, should not be a part of their portfolio. And who else has the money?
Let's face it, some coins like this are going to take so long to come back it's almost irrelevant if they do.
Deeply and truly screwed are we. And the top 5% could mostly care less. "Mine, Me, Me, Mine". Tiffany's and other high-end stores are doing great. Better news; the number of billionaires, down in 2009, was back up again last year. So what's the problem?
Sorry about my dystopian view. Being right about it (if I am) will be small consolation. This ain't the American Century no more.
Bread and circuses are next.
Or is that Big Macs and UFC.
You had me right up to the end.
The citizens were told to, "eat cake and go to circuses". It is what the people of the Roman Empire were offered right before the fall.
Today it's food stamps and reality TV.
<< <i>From my observations it's something like 5% doing really well, 20% doing decent + to pretty well, 35% barely scraping by and a lot more people in the crapper than we really want to hear about.
The institutionally-induced denial is breaking down. Our country's economic problems are structural, not cyclical.
The Ursine Oracle speaks truth even if our statistics disagree.
Whatever his timing, he's putting away the good stuff. And it's pretty too. All of it won't appreciate to the same degree, but it's got the the right stuff.
Mediocre widgets are going to languish and/or go down. Widget schlock will go down more. Drecky rare schlock will be a "value trap" that it'll take the owner more years than one could imagine to sell. As new collector/investors enter the market, their due diligence will inform them that a 73-CC S$1 AU-53, rare and fugly, as are most, should not be a part of their portfolio. And who else has the money?
Let's face it, some coins like this are going to take so long to come back it's almost irrelevant if they do.
Deeply and truly screwed are we. And the top 5% could mostly care less. "Mine, Me, Me, Mine". Tiffany's and other high-end stores are doing great. Better news; the number of billionaires, down in 2009, was back up again last year. So what's the problem?
Sorry about my dystopian view. Being right about it (if I am) will be small consolation. This ain't the American Century no more.
Bread and circuses are next.
Or is that Big Macs and UFC.
<< <i>...
I love your posts... they flow and are so easy to follow!
I guess it's not an insult if it's true.
"I'm just a soul whose intentions are good..."
But bite me anyway
All of the National banks are, in effect bankrupt. It is only by fully pricing
worthless assets , do they have a positive balance sheet. The FDIC which
is supposed to guarantee your money up to 250,000 is actually bankrupt.
There is now no assurance that the Federal Government will ride to the rescue.
Then we have the problem of deflating value of all paper assets. Other
then a few months expense money in the bank and 1000 in cash hidden away from
the bank, The rest is in rare coins, many of them gold coins.
Camelot
<< <i>I guess I would put my money into food, seriously. There are many foods that are sealed that can last 10 years now, freeze dried this, dehydrated that, push comes to shove and people start laughing you are eating groceries at 5 year ago prices. Mix that with a small, little garden in the backyard, nothing huge, do a little hunting and fishing- the exercise and fresh air is good for you! Nothing is fool proof so a few guns, some boxes of ammo, a little gold, silver , platinum and palladium, my 401k, IRA's, TIP's and simple supplies for pickling and whatnot. I sleep okay at night, it isn't all earning 12% like it was a few years ago and it isn't in the same investment/money vehicles. Ditch the boob tube, pick up a book, close the computer and go learn how to do something that you don't know how, change the oil in your car, learn chess, sit on the back porch and watch the sunset with your wife while drinking a ice cold, home-brew full wheat beer with a slice of orange, go get $2000 in cents and pull the copper ones out, look for die varieties then re-roll and spread it out amongst the checking, saving and MMA. Just my 87 cents. >>
I like that. I am sitting here drinking some wine on the Oregon coast.....clam digging in Gearhart in about 6 weeks.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
<< <i>""If inflation over the next few years should reach 10 - 20% a year"'
What, are you crazy? You'll be BBQ's your neighbor for survival!
I agree, it's only a sliver of the population that's really doing good.
Folks with no money and no hope do not need much to strike out at who ever they believe
is the cause of their misery. Even if they are absolutely wrong, it will not matter. I am afraid
that there are so many angry people in this cointry and with more weapons floating around
then there people, something seems increasingly possible to pop. If I were a banker or a financial
industry fat cat, I would expect them to be very careful over the next year. If as one expert has stated
the true febt of all aspects of the nation, states and financial institutions may approach 100 trillion
dollars. There is no way to print our way out of this mess. Perhaps a repudiation on debt is in the ca
but it will crush pension funds, indeviduals investment portfolios and probably cause a deflation
depression that could last 10 or more years. However, it would allow us to rebuild the economy and start
a new cycle. I am afraid that new cycle will include the same stupidity,avarice, greed, insensitivity and don't
give a damn, for anyone but themselves that our governments have shown, for almost 50 years. A very sad
commentary for our democracy.
Camelot
I would buy real estate today.