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<p>[QUOTE="cmbdii, post: 4231, member: 655"]The speculators you're talking about didn't go broke buying gold coins. They went broke trying to ride the commodities market. Those who simply bought gold stopped buying for awhile when the prices went into the stratosphere. Speculators were "buying on margin", which is a fancy way of saying they were betting money they never had.</p><p><br /></p><p> Paper money will probably always be around. The paper money we have in our pockets could be off the scene next week for all we know. It's fiat money, paper backed by nothing at all. Fiat money always collapses. Ours has lasted longer than some other types, but it's about to fall.</p><p><br /></p><p> If it's replaced by actual gold or silver certificates which circulate as bearer instruments along with gold and silver coins, we might just have a stable currency for a change.</p><p><br /></p><p> Collectors of bullion coins are a very small part of the bullion coin market, I suppose. I don't collect bullion coins. I buy them to keep and resell some as jewelry framed in bezels. As you may have guessed, I 'm not a collector at all.[/QUOTE]</p><p><br /></p>
[QUOTE="cmbdii, post: 4231, member: 655"]The speculators you're talking about didn't go broke buying gold coins. They went broke trying to ride the commodities market. Those who simply bought gold stopped buying for awhile when the prices went into the stratosphere. Speculators were "buying on margin", which is a fancy way of saying they were betting money they never had. Paper money will probably always be around. The paper money we have in our pockets could be off the scene next week for all we know. It's fiat money, paper backed by nothing at all. Fiat money always collapses. Ours has lasted longer than some other types, but it's about to fall. If it's replaced by actual gold or silver certificates which circulate as bearer instruments along with gold and silver coins, we might just have a stable currency for a change. Collectors of bullion coins are a very small part of the bullion coin market, I suppose. I don't collect bullion coins. I buy them to keep and resell some as jewelry framed in bezels. As you may have guessed, I 'm not a collector at all.[/QUOTE]
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