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Anyone think a boom is just around the corner (coin and metal prices)..
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<p>[QUOTE="Rono, post: 208567, member: 6492"]Howdy all,</p><p> </p><p>Great stuff and good reading. Thanks.</p><p> </p><p>I see the bull market for gold and silver having started in 2002. With the twin deficits and excess money supply causing the $ to continue to drop relative to 'real stuff', this bull market will continue. Sure, there will be ups and downs, but the trend line is up. </p><p> </p><p>As for coins, to the degree they're tied to bullion prices, they'll continue to climb. For their numismatic portion of value, I think that quality slabbed stuff that folks WANT to collect will continue upward regardless of the macroeconomy. You may see a two-tiered coin market sort of like the way retail is today. The Coach and Neiman-Marcus and other high end stuff is doing very well as the rich simply are not impacted by the economy. These people will still want to buy that PCGS 1909S-VDB in MS 65. It's the middle and low market retail that's starting to really hurt as joe sixpack gets laid off from his mfg job. This side of the coin market will get very tight.</p><p> </p><p>All of this until the Fed starts to cut rates at which point, the stock market will go ballastic and with a lag, this will turn the economy around. But gold and silver will still be in a full blown bull market simply due to the deficits and money supply.</p><p> </p><p>just my humble opinion,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 208567, member: 6492"]Howdy all, Great stuff and good reading. Thanks. I see the bull market for gold and silver having started in 2002. With the twin deficits and excess money supply causing the $ to continue to drop relative to 'real stuff', this bull market will continue. Sure, there will be ups and downs, but the trend line is up. As for coins, to the degree they're tied to bullion prices, they'll continue to climb. For their numismatic portion of value, I think that quality slabbed stuff that folks WANT to collect will continue upward regardless of the macroeconomy. You may see a two-tiered coin market sort of like the way retail is today. The Coach and Neiman-Marcus and other high end stuff is doing very well as the rich simply are not impacted by the economy. These people will still want to buy that PCGS 1909S-VDB in MS 65. It's the middle and low market retail that's starting to really hurt as joe sixpack gets laid off from his mfg job. This side of the coin market will get very tight. All of this until the Fed starts to cut rates at which point, the stock market will go ballastic and with a lag, this will turn the economy around. But gold and silver will still be in a full blown bull market simply due to the deficits and money supply. just my humble opinion, rono[/QUOTE]
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Anyone think a boom is just around the corner (coin and metal prices)..
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