Some coin collectors fear a 'gold bubble' Our paper ran this story today, and Coinflation picked it up as their lead. There were a couple of dealers who were advertising 18x face and 19x face for silver. I almost sold some to the latter; I was expecting the offer price to be lower, given the recent dip in silver prices. There was also a dealer with a bunch of silver quarters in his $4 bargain box. Most were gone by the time I arrived, but I still snagged a couple, along with a cull three-cent silver (my first example of the type). No, I didn't take the quarters straight over and cash them in for $4.75 each. :rollling:
Yes, thanks for posting. It seems people currently in PM's are in for 1 of 2 reasons. 1) They believe that gold and silver cycle based on normal supply & demand a speculatory cycles or 2) The future holds trouble for our currency. These are two very different outlooks. Thanks again for posting!
I'm pretty sure our dollar will one day be worthless but I'm not sure that gold will take it's place. Having some gold and silver as a hedge wouldn't hurt but spending money you don't have or buying on margin is a setup for a disaster.
