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Continue uprend for silver ($60.00) & gold ($1,023.00)?.
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<p>[QUOTE="Lowell, post: 78195, member: 4268"]I've been collecting coins and bullion for years. One thing I've noticed is that when bullion goes up it is usually in times of economic crisis. As the price of silver rises the intrinsic numismatic value of coins drop. This is because people can no longer afford coins for their collectiblity. Ultimately what happens is that the silver content of the coin surpasses the numismatic value of the coin and the coins end up in the smelting pot. I have been buying 100 oz bars of silver bullion the past few months at the expense of increasing my coin collection. As more people become aware of the direction the economy is taking as a result of rising oil prices they change their investment habits. I will hold on to the collection I have amassed over the past 40 years, but I will not add to it until the economic conditions change. In the meantime my bullion continues to rise in value. Much of the silver I own was purchased years ago when the prices were in the $5 range. True it rose to a little over $10 a few years back, but for the most part silver prices are stable and rise and fall according to the economic trends.[/QUOTE]</p><p><br /></p>
[QUOTE="Lowell, post: 78195, member: 4268"]I've been collecting coins and bullion for years. One thing I've noticed is that when bullion goes up it is usually in times of economic crisis. As the price of silver rises the intrinsic numismatic value of coins drop. This is because people can no longer afford coins for their collectiblity. Ultimately what happens is that the silver content of the coin surpasses the numismatic value of the coin and the coins end up in the smelting pot. I have been buying 100 oz bars of silver bullion the past few months at the expense of increasing my coin collection. As more people become aware of the direction the economy is taking as a result of rising oil prices they change their investment habits. I will hold on to the collection I have amassed over the past 40 years, but I will not add to it until the economic conditions change. In the meantime my bullion continues to rise in value. Much of the silver I own was purchased years ago when the prices were in the $5 range. True it rose to a little over $10 a few years back, but for the most part silver prices are stable and rise and fall according to the economic trends.[/QUOTE]
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Continue uprend for silver ($60.00) & gold ($1,023.00)?.
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