Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Holding PM in non-USD$ currency: 1992 example.
>
Reply to Thread
Message:
<p>[QUOTE="Juan Blanco, post: 1655426, member: 41665"]This is not a hypothetical what-if nor a cherry-picked date. This is a real life "I-was-there, what-it-cost" example illustrating Silver's value in an emerging European country in the last 20 years.</p><p><br /></p><p>Here's the first part: actual coin/Ag value & cost-basis given. (I will work on a stock loss calc next, based on the 1992 pyramid-ponzi event that friends suffered. See below.)</p><p><br /></p><p>1) Consider Silver priced in 100 Korun 1951 K. Gottwald (7 gr Fine Ag; avg intrinsic value in 1992 = <b>27.03 Kčs</b>) </p><p>2) Purchased for <b>115 Kčs </b>in January 1992, that "investment" entails <b>325% premium/'loss' </b>upfront (numismatic, retail silver value &spec coinflation)</p><p>3) Since 1992, Paper currency Kčs has fallen -64.43%; today's <b>115 Kčs</b> is equivalent/down to <b>~41 Kčs</b> in 1992 value. </p><p>4) Recent POS, the intrinsic value of the fine Ag in the coin is now "worth" ~<b>134 Kčs</b> in today's currency, a nearly 5-fold rise (4.95x higher) from the 1992 intrinsic value.</p><p>5) But the coin actually sells ~<b>379 Kčs </b>(2-8-2013 ebay auction plus s/h: no net, taxes, etc. factored) say ~2.74x over current intrinsic value. </p><p>6) Evidently, the coin's value appreciated ~3.30x or <b>2.3x gain<i> over the 1992 cost-basis.</i> </b></p><p><b></b>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1655426, member: 41665"]This is not a hypothetical what-if nor a cherry-picked date. This is a real life "I-was-there, what-it-cost" example illustrating Silver's value in an emerging European country in the last 20 years. Here's the first part: actual coin/Ag value & cost-basis given. (I will work on a stock loss calc next, based on the 1992 pyramid-ponzi event that friends suffered. See below.) 1) Consider Silver priced in 100 Korun 1951 K. Gottwald (7 gr Fine Ag; avg intrinsic value in 1992 = [B]27.03 Kčs[/B]) 2) Purchased for [B]115 Kčs [/B]in January 1992, that "investment" entails [B]325% premium/'loss' [/B]upfront (numismatic, retail silver value &spec coinflation) 3) Since 1992, Paper currency Kčs has fallen -64.43%; today's [B]115 Kčs[/B] is equivalent/down to [B]~41 Kčs[/B] in 1992 value. 4) Recent POS, the intrinsic value of the fine Ag in the coin is now "worth" ~[B]134 Kčs[/B] in today's currency, a nearly 5-fold rise (4.95x higher) from the 1992 intrinsic value. 5) But the coin actually sells ~[B]379 Kčs [/B](2-8-2013 ebay auction plus s/h: no net, taxes, etc. factored) say ~2.74x over current intrinsic value. 6) Evidently, the coin's value appreciated ~3.30x or [B]2.3x gain[I] over the 1992 cost-basis.[/I] [/B][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Holding PM in non-USD$ currency: 1992 example.
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...