Will rare coins make a comeback?

You can call it 'sloppy short-cuts' but basically it is 'using your noggin'.

 

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I have to say I wasn't going to follow his advice and buy based on what he said. It's too short-term and speculative, and I'm not interested in either approach. I just thought I'd throw it out there and see if anyone could review his theory and debate it based on the stats he presented, not on any gut feeling.

 

All it takes is a simple majority of the House of Representatives to pass articles of impeachment. Whether it is a high crime or misdemeanor is seemingly up to Congress as the courts would likely dismiss any potential litigation as a nonjusticeable political question. Andrew Johnson was impeached for differences with Congress over the Tenure of Office Act. He survived removal from office and conviction by the Senate by a single vote. Allowing petty partisan disagreements or hurt feelings to be used as a basis for impeachment would set the stage for a constitutional crisis though.

 

There's no data to look at it. It's happened exactly twice in history and for one of them I'm sure collecting data in 1868 is super accurate and that Jackson being impeached by the house is why prices were rebounding from civil war levels . There has only been legitimately one other time that it was ever a real threat that never happened and not just people chest beating and Nixon resigned.

It doesn't get dark outside because I turn on the light in my house nor does the internet work because I turn on my computer.

The entire point was there is nothing to factually dispute, you're asking people to try and disprove a fallacy. If you want to believe it go right ahead, whether or not a President faces a legitimate impeachment attempt wouldn't even crack the top 50 reasons for why the market does what it does.

 

True but it's meaningless if you can't get 2/3rds of the Senate where the Chief Justice of the Supreme Court acts as the judge during the proceedings with the House members acting as prosecutors and the Senate being the jury. The Senate also gets to set the rules for the trial. It's a pretty interesting process from a civics standpoint but most people don't realize just what an impossible uphill battle it is for success without something way over the top egregious.

I'll leave it at that as the civics lesson for the day.

How anyone can try and say that would cause large groups of people to run out and by numismatic coins is beyond me

 

Okay, so since you won't look at the article, I'll tell you it doesn't say that impeachment actually happened, but simply the threat of it appeared to influence the value. Simple enough, I would think, to just prove it is a fallacy. So far I haven't seen that done.

As for me, I have no intention of buying rare coins, but would like to think someone could provide some facts showing this guy is just blowing smoke. Even if it means just finding a correlation between something just as meaningless that "caused" rare coin prices to spike.

 

Sorry, but you have it backwards. You seem to think he made a statement and it needs to be disproved. I disagree with his methods and don’t need to prove another cause, but simply that his conclusion is based on faulty “science”. Poor methods mean a conclusion is worthless and that’s the end of the story.

 

I am aware of that, and I addressed it and several other aspects against it already. If you're looking for a thesis or some mathematical equation to disprove a fallacy no one is going to put that type of effort into disproving a marketing letter

 

I did look up Mike Fuljenz, President Of Universal Coin and Bullion. He certainly has the credentials to make such a forecast. As a businessman myself I would say this. If I sold electric cars and had a platform to tout the negative future of petroleum powered cars that was read by auto enthusiasts. Well, you can bet I would use it.

 

Yeah, I was aware of his possible bias. I wasn't buying it anyway. It's like the stock market, a lot of variables have to be factored in.

 

So I finally tracked down this article and read it. Coinage should be embarrassed to publish such balderdash. The author takes flawed logic to new heights and thumbs his nose at the scientific method.

There's so much faulty thinking in this piece it's not worth my time to go over all of it. I can't say for sure what the author's agenda was, but considering that he is "president of Universal Coin & Bullion in Beaumont, Texas" I can hazard a pretty good guess.

 

Yes, I can, too. I'm going to keep it in mind, though, just for fun. Not going to act on it.

 

Why do you keep pushing the idea that a ridiculous marketing article should be taken seriously?

 

Cause it get's on your nerves.. Big smile..

 

Ask a dragon if his hoard is an investment...because that's how I feel about my collection. Sure there are items that I buy to flip or such, but for the majority of my collection I could care less if they gain value, they are valuable to me...that's why I bought them in the first place...that and so I can pile them all up and sleep on them. SO speculating that impeachment processes will heat up the market is something better ignored.