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<p>[QUOTE="RickieB, post: 119800, member: 2486"]Maybe this is harsh, but from a numismatic perspective I'm looking forward to the baby-boomers dying. Right now the boomers are at a point in their lives where they are entering numismatics and I believe that is one of the reasons that prices have been on the rise so steadily the last few years. There are more of them buying than there are collections being broken up right now. Once the boomers pass on then the next generation will see a decrease in prices as demand falters.</p><p><br /></p><p>The sky is NOT falling, even if your kids don't care about your coins.[/QUOTE]</p><p><br /></p><p><br /></p><p>Hey Cave Troll...</p><p>Thats not so cool to say that you will be happy when the Boomers Die off...everyone has to face their own mortality and fate...it can happen to you, me or anyone at anytime. Besides the way our Government is printing money (fiat) by the time Boomers have passed on and the X Gen comes up..they will not be able to afford the hobby as you think they will. The cost of living, rasing a family and just plain survival is on the rise and probally will be for quite some time. A quality investment is just that, however, the main difference between our hobby and a more traditional investment vehicle like stocks are that the majority of the investment grade coins are influenced by the commodity price of the metal they are minted with. Then the Numismatics come into play...rarity, condition, availability, mintages...and the good ole traditional 10-20 % the dealers need to make to stay afloat and earn some profit..then again you have your Bull and Bear Markets in coins as well as stocks...one never truly knows the up or down side of any market until they find themselves right in the middle of it.</p><p> Who knows buy the time the Boomers do pass on that % may well be higher than 20%! Becareful what you wish for.</p><p><br /></p><p>RickieB[/QUOTE]</p><p><br /></p>
[QUOTE="RickieB, post: 119800, member: 2486"]Maybe this is harsh, but from a numismatic perspective I'm looking forward to the baby-boomers dying. Right now the boomers are at a point in their lives where they are entering numismatics and I believe that is one of the reasons that prices have been on the rise so steadily the last few years. There are more of them buying than there are collections being broken up right now. Once the boomers pass on then the next generation will see a decrease in prices as demand falters. The sky is NOT falling, even if your kids don't care about your coins.[/QUOTE] Hey Cave Troll... Thats not so cool to say that you will be happy when the Boomers Die off...everyone has to face their own mortality and fate...it can happen to you, me or anyone at anytime. Besides the way our Government is printing money (fiat) by the time Boomers have passed on and the X Gen comes up..they will not be able to afford the hobby as you think they will. The cost of living, rasing a family and just plain survival is on the rise and probally will be for quite some time. A quality investment is just that, however, the main difference between our hobby and a more traditional investment vehicle like stocks are that the majority of the investment grade coins are influenced by the commodity price of the metal they are minted with. Then the Numismatics come into play...rarity, condition, availability, mintages...and the good ole traditional 10-20 % the dealers need to make to stay afloat and earn some profit..then again you have your Bull and Bear Markets in coins as well as stocks...one never truly knows the up or down side of any market until they find themselves right in the middle of it. Who knows buy the time the Boomers do pass on that % may well be higher than 20%! Becareful what you wish for. RickieB[/QUOTE]
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