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<p>[QUOTE=&quot;Tejas, post: 4359411, member: 84905&quot;]Yesterday, the US published retail sales figures for March. The numbers were what may be called catastrophic and by far the biggest drop was recorded for luxury goods. So demand for luxury goods is coming down and prices will follow.</p><p>&nbsp;</p><p>An important price that is going up right now is that of gold (the ultimate inflation hedge), as investors fear that the massive increase in the supply of dollars announced by the Fed and the US government to fight the Corona crisis will eventually erode the dollar&#039;s purchasing power.</p><p>&nbsp;</p><p>Ancient coins are a bit of both, luxury good and inflation hedge. Unfortunately, they are mostly the former and much less the latter. They make for poor inflation hedges as much of their market value depends on the level of wealth in the economy and the level of wealth is exactly what gets eroded in a crisis and by inflation.[/QUOTE]</p><p><br /></p>

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