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four generations ahead - Will 'clad' be the 'silver and gold' of our day?
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<p>[QUOTE="beef1020, post: 1644551, member: 24544"]I would disabuse yourself of the idea that coins are an investment as quickly as possible. I know how attractive the 'I am not buying coins, I am investing money in pretty shiny metal objects that I enjoy to look at' idea is, but it's confirmation bias plain and simple. Coins are a horrible investment, even saving gold from circulation in the 1920's or silver in the 1960's would have been a horrible investment.</p><p><br /></p><p>Here are a couple quick calculations :</p><p><br /></p><p>Silver dime is worth around $2.21, but a dime from 1960 inflation adjusted dollars would be $0.76, decent return, but the same $0.10 invested in 1960 at 7% return would be worth $4.00. Silver has also been at a high, if you did the same calculation back when silver was around $5, only a couple years ago, the dime would be worth $0.37, which would have put it below inflation.</p><p><br /></p><p>$20 gold pulled out in 1920 would be worth right around $1,700 now, but inflation adjusted that $20 would be worth 226, again a decent investment. However, $20 invested at 7% for 93 years would have grown to $10,000, and if you go back 10 years to $300 gold prices that $20 gold piece would be worth $340 or just over the inflation adjusted value.[/QUOTE]</p><p><br /></p>
[QUOTE="beef1020, post: 1644551, member: 24544"]I would disabuse yourself of the idea that coins are an investment as quickly as possible. I know how attractive the 'I am not buying coins, I am investing money in pretty shiny metal objects that I enjoy to look at' idea is, but it's confirmation bias plain and simple. Coins are a horrible investment, even saving gold from circulation in the 1920's or silver in the 1960's would have been a horrible investment. Here are a couple quick calculations : Silver dime is worth around $2.21, but a dime from 1960 inflation adjusted dollars would be $0.76, decent return, but the same $0.10 invested in 1960 at 7% return would be worth $4.00. Silver has also been at a high, if you did the same calculation back when silver was around $5, only a couple years ago, the dime would be worth $0.37, which would have put it below inflation. $20 gold pulled out in 1920 would be worth right around $1,700 now, but inflation adjusted that $20 would be worth 226, again a decent investment. However, $20 invested at 7% for 93 years would have grown to $10,000, and if you go back 10 years to $300 gold prices that $20 gold piece would be worth $340 or just over the inflation adjusted value.[/QUOTE]
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four generations ahead - Will 'clad' be the 'silver and gold' of our day?
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