Need Investment Advice

Is that before or after everyone realizes when the market crashes that their hard earned money is paper.

 

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Again..... it depends on the coin

 

Great advice guy's.

 

And if the market crashes and all their hard earned money is just paper, guess what, your collectible are going to be pretty much worthless as well. Who are you going to sell them to? Everyone just got wiped out. (and for those that don't get wiped out there are now a lot fewer people looking for your collectible. It's a buyers market.) And what do you sell them for? Money? You mean that now worthless paper? Guess what, your last surviving MS SVDB is worth a million bucks, and that plus and hours worth of spliting wood will buy you a meal.

 

I don't collect really expensive coins, i collect mostly silver. If an EOW scenario like the one you are describing happens I guess you could trade and barter for goods and services. Or you could sell that 1oz silver round for a thousand dollars that you bought for 20 bucks. Sure that paper is worthless right then, but it would go back up. Nothing stays down forever.

 

German inflation currency, Greek inflation currency, Zimbabwe currency, or the absolute worst the Hungarian Pengo of 1946. Yes somethings do go down and stay down forever because they are eventually written off as worthless and they start over with something new and not convertible with the old stuff.

 

If it was a ball, it's not B-flat, it B-round

 

America will never stay down lol

 

A guy who runs a coin shop in my area once told me that if he had invested in bullion instead of rare coins he would have retired already. I figure rare coins don't have any reason to go up in price unless more people get interested in them.

Weight in gold and silver is what the dollar was conceived as when the USA was founded, before it later became paper certificates and then a digital currency in the computer age.

So 'coins' can mean two very different things without further clarification between collectible coins and bullion coins.

I would definitely heed all advice given about not investing in collectible coins other than for hobby.

Bullion coins are not only a hobby for me though. They are part of my longterm retirement plan, because the value they have is based on their intrinsic properties which are immutable. I plan on saving it all for a very long time, so I will always have some real money. I'm not trying to flip it to get more 'dollars'. I like having it for what it is, which is an inflation hedge with no counter party risk. 'Dollars' have the risk associated with a nation's ability to service its debt, and can be defaulted on or inflated away. Gold can't default, it's both ageless and timeless. That's why gold, the money of kings, and silver, the money of the people made the first dollars.

 

I agree with you on that. I have some bullion. I might pick up a few double eagles to add to my collection.

 

Bullion has a place in my investment portfolio. It is not my whole mode of investment by any stretch of the imagination, but I have some. If I were to count my net worth I use bullion value for any of my collectible coins--ideally they have more, but nothing I count on.

As for the 'hitting the fan' type investing, well 90% and small gold coins seem like an idea, but for a real hit the fan moment I'm thinking a variety of ammo and airplane sized bottles of Jack Daniels would be the way to go for immediate trades. I don't really keep those...

 

I'm good on ammo

 

Even with bullion timing is critical. Invest at the right time and get out at the right time and you take early retirement. Invest at the right time but sell at the wrong time you may break even or do moderate but no early retirement. Invest at the wrong time and sell at the wrong time lose your shirt and you may never be able to retire.