Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Coin value and Recession
>
Reply to Thread
Message:
<p>[QUOTE="Cloudsweeper99, post: 336302, member: 3011"]SteveG,</p><p><br /></p><p>We're probably in a recession right now. Most of the time, recessions don't show up in the government statistics until they are already over and the statistics are revised. Believe it or not, recessions aren't the catastrophe that the media makes them out to be so don't worry about them -- you'll survive. I would also advise you not to take the doom and gloom articles seriously. They sound scarey and persuasive, but are probably best ignored. That said, it's not a good idea to try to trade in and out of the coin market based on economic forecasts. Do you really care if the value of your coins goes down 30%? First of all, they might not go down. They might go up. Or if they go down now, they might go up even higher in the future. Or they might go up first and down later. Or maybe they'll just hover around current prices for a couple of decades. They look high now, but will current prices have been high if the double a few years from now? Or maybe the series you own will go down while most others go up. Or maybe the reverse. You can drive yourself crazy if you think you can figure this stuff out in advance. Just collect what you like and be secure in the knowledge that inflation is so relentless that over a period of many years your coins will continue to appreciate as long as you didn't pay ridiculously high prices to start with.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 336302, member: 3011"]SteveG, We're probably in a recession right now. Most of the time, recessions don't show up in the government statistics until they are already over and the statistics are revised. Believe it or not, recessions aren't the catastrophe that the media makes them out to be so don't worry about them -- you'll survive. I would also advise you not to take the doom and gloom articles seriously. They sound scarey and persuasive, but are probably best ignored. That said, it's not a good idea to try to trade in and out of the coin market based on economic forecasts. Do you really care if the value of your coins goes down 30%? First of all, they might not go down. They might go up. Or if they go down now, they might go up even higher in the future. Or they might go up first and down later. Or maybe they'll just hover around current prices for a couple of decades. They look high now, but will current prices have been high if the double a few years from now? Or maybe the series you own will go down while most others go up. Or maybe the reverse. You can drive yourself crazy if you think you can figure this stuff out in advance. Just collect what you like and be secure in the knowledge that inflation is so relentless that over a period of many years your coins will continue to appreciate as long as you didn't pay ridiculously high prices to start with.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Coin value and Recession
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...