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<p>[QUOTE="Cloudsweeper99, post: 191363, member: 3011"]I think that expecting inflation to continue and accelerate in the future is about the closest thing to a sure thing that you can bet on. The rate of new money creation is very high compared to the past, debt is rising at an accelerated pace, trade deficits are high, the budget deficit [when calculated correctly] is rising. Energy prices are almost sure to go up.</p><p><br /></p><p>How will that affect coins? The price of gold and silver should rise for a variety of reasons ranging from supply and demand dynamics to the increasing price of mining, which uses a lot of energy. So common date silver and gold coins selling reasonably close to melt value are almost certain to go up. The higher priced rare coins may go up or down since they have different forces working on them and are partly dependent on the general prosperity and level of interest in the hobby.</p><p><br /></p><p>Some people think the future will look a lot like the period from 1980 to 2006 with a lot of ups and downs but no real trend. I think this ignores some of the changes that have occurred in the past few years that have set things up for another jump to permanently higher price levels. Silver and gold coins are about the only thing you can purchase now for prices about the same as back in the 1970s. I think that's going to change over the next decade.</p><p><br /></p><p>All opinion, of course.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 191363, member: 3011"]I think that expecting inflation to continue and accelerate in the future is about the closest thing to a sure thing that you can bet on. The rate of new money creation is very high compared to the past, debt is rising at an accelerated pace, trade deficits are high, the budget deficit [when calculated correctly] is rising. Energy prices are almost sure to go up. How will that affect coins? The price of gold and silver should rise for a variety of reasons ranging from supply and demand dynamics to the increasing price of mining, which uses a lot of energy. So common date silver and gold coins selling reasonably close to melt value are almost certain to go up. The higher priced rare coins may go up or down since they have different forces working on them and are partly dependent on the general prosperity and level of interest in the hobby. Some people think the future will look a lot like the period from 1980 to 2006 with a lot of ups and downs but no real trend. I think this ignores some of the changes that have occurred in the past few years that have set things up for another jump to permanently higher price levels. Silver and gold coins are about the only thing you can purchase now for prices about the same as back in the 1970s. I think that's going to change over the next decade. All opinion, of course.[/QUOTE]
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