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<p>[QUOTE="Vess1, post: 1373805, member: 13650"]I can understand this viewpoint and I agree with you. There may not be any certainty to what the future holds. The way I see it, one of two things is going to happen. </p><p> </p><p> 1. SHTF</p><p><br /></p><p> or </p><p><br /></p><p> 2. By some miracle, society is able to keep trudging on and living relatively comfortable lifestyles in America with a downward shift tendency. Downward class migration as Jack Speerco would put it. Quality of life and the classes will drift downwards overall, just by the sheer numbers of people and the inability for all of them to make what most would consider a "good" living. Especially with outsourcing and machines doing more work.</p><p><br /></p><p> It's impossible for 200 million people to each be making $60k a year. Or even $30k. The jobs aren't there and maybe it will get worse.</p><p><br /></p><p> In scenario 1, numismatic values are gone, which makes coins very risky. I accept that it can happen, but I don't want to live my life assuming it's going to happen to the degree that all coins would be worth bullion. I enjoy the art and history behind coins too much to just be into strictly bullion. I think there will always be people out there that feel this way. But I will concede, those collecting only bullion are in a much safer position.</p><p><br /></p><p> In scenario 2, it could drive prices down but the vast majority of people are not buying $100+ coins right now anyway. It's a relatively small group that will probably always be there. The people that have any valuables aren't just giving them away now and they never will.</p><p><br /></p><p> Mainly, collect because you enjoy it. It really doesn't need to be justified. Very few hobbies are capable of being a store of value, much less have the potential to increase in value over time. You could do a lot worse.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1373805, member: 13650"]I can understand this viewpoint and I agree with you. There may not be any certainty to what the future holds. The way I see it, one of two things is going to happen. 1. SHTF or 2. By some miracle, society is able to keep trudging on and living relatively comfortable lifestyles in America with a downward shift tendency. Downward class migration as Jack Speerco would put it. Quality of life and the classes will drift downwards overall, just by the sheer numbers of people and the inability for all of them to make what most would consider a "good" living. Especially with outsourcing and machines doing more work. It's impossible for 200 million people to each be making $60k a year. Or even $30k. The jobs aren't there and maybe it will get worse. In scenario 1, numismatic values are gone, which makes coins very risky. I accept that it can happen, but I don't want to live my life assuming it's going to happen to the degree that all coins would be worth bullion. I enjoy the art and history behind coins too much to just be into strictly bullion. I think there will always be people out there that feel this way. But I will concede, those collecting only bullion are in a much safer position. In scenario 2, it could drive prices down but the vast majority of people are not buying $100+ coins right now anyway. It's a relatively small group that will probably always be there. The people that have any valuables aren't just giving them away now and they never will. Mainly, collect because you enjoy it. It really doesn't need to be justified. Very few hobbies are capable of being a store of value, much less have the potential to increase in value over time. You could do a lot worse.[/QUOTE]
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