CT RESEARCH #1

I highly enjoy recordkeeping and anaylisis of statistics. I would like to start doing numismatic research and a part of that is getting the opinions of CT Users. I may ask polls in certain topic related threads,or PM certain users for research. This is completly voluntary and I AM MAKING NO PROFIT OR RECOGNITION FOR THIS WORK. I had to make that clear due to some accusations in the past. I will always post a PDF link under the certain topic of any significant findings and if you can not find it please feel free to PM me. This informational note will be at the beginning of each thread I create to garuntee no misunderstandings will occur. Thank you for your cooporation.
Please share or inform other users of this so I can collect the most wide range of opinions. EDIT: YOUR PRIVATE INFO IS NOT RECORDED AND POLL VOTES ARE ANONYMOUS

My first reasearch topic is Coin market and the finacial system.

In previous years legislations have blamed the coin collecting for issues with the economy. Are they right
Question- HOW MAJOR OF AN IMPACT DOES NUMISMATICS MAKE ON FINACIAL SYSTEMS?
Please explain your opinion below

 

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Could you edit this for I could change my vote, I hit wrong button. 3 for minor

 

Assuming you are not using any names associated with this kind of polling, I'm good with it. If so please mention this and I will add some value to it hopefully.

 

No but Ill remember when i log it in my spreadsheet

 

Ill make sure of it. Thank you

 

Actually I did fix it. You may change your vote if you wish. Thank you

 

I voted minor impact. In the overall scheme of such a massive economy as we have, while numismatics adds to the economy, it has little impact. But it can be a double edged sword. If someone uses only discretionary money to finance their hobby, all is well. If someone who does little research and takes on a lot of debt buying coins or P.M.'s, using rent, mortgage, utilities money or maxes out a credit card/s not knowing what they are getting into, then it makes a negative impact on the economy. Maybe not a huge impact but an impact nonetheless. Especially if they default on credit cards or heaven forbid, lose their home over it (and it has happened as easily as getting carried away in Vegas).

 

Well said

 

You mean I can max out my credit cards on gold, hide it away and then declare bankruptcy? I cannot believe anyone would ever do that.

 

I voted “no” because “infinitesimal” wasn’t an option.

 

This wouldve been a pretty good idea before 1985, when they changed the bankruptcy law

 

How did they change it? As I have no plans to ever go bankrupt I know nothing about these laws.

 

The short of it is- Filing for bankruptcy would actually squash all of your debt back then.
Almost like getting a mulligan

 

Are you sure about the date, Heavy? I could swear it was much more recent than that, but bankruptcy is an, ahem, pleasure I haven't had the, well, pleasure of experiencing nor do I stay up on such things.

 

Actually that date was wrong, im not even sure what date it happened now that i think about it. I believe Bush was in office. Im no lawyer but i do have a buddy who is. Thats where i got my info from. In other words, at one point in time you could file bankruptcy and get off much easier than the way things are nowadays.

 

Reading the comments by GDJMSP and Tommy03, my vote was influenced from No Impact to Minor Impact. Wouldn't it skew your metrics if others are also influenced? I didn't vote yet.

 

I was thinking it was around 2006 or so and is why I asked. This would mesh with the Bush thing too.

No biggie either way.

 

In the grand scheme of things, numismatics has a negligible impact.