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<p>[QUOTE="World Colonial, post: 2463462, member: 78153"]Noticeably higher inflation will return, eventually. But first, I expect an asset price crash and if this doesn't happen first, I still don't believe it will benefit most "investment" coins anyway, not where it will repeat the performance of the 70's. In the early 1970's when inflation first increased noticeably, coins were dirt cheap. I have the '72 Red Book and though I no longer have it, also recall many prices from the 1977 edition. Prices exploded during this time up to about 1981.</p><p><br /></p><p>Today despite the recent stagnation, the higher quality coins and many circulated early classics are exorbitantly expensive or completely unaffordable to the vast majority of collectors, even though most of these aren't "investment" coins anyway. Far fewer collectors are likely to be in a position to buy them later versus even now under these circumstances. Additionally, rising interest rates in this type of environment will almost certainly crush most asset prices. The typical person has much greater debt or is leveraged to the hilt.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2463462, member: 78153"]Noticeably higher inflation will return, eventually. But first, I expect an asset price crash and if this doesn't happen first, I still don't believe it will benefit most "investment" coins anyway, not where it will repeat the performance of the 70's. In the early 1970's when inflation first increased noticeably, coins were dirt cheap. I have the '72 Red Book and though I no longer have it, also recall many prices from the 1977 edition. Prices exploded during this time up to about 1981. Today despite the recent stagnation, the higher quality coins and many circulated early classics are exorbitantly expensive or completely unaffordable to the vast majority of collectors, even though most of these aren't "investment" coins anyway. Far fewer collectors are likely to be in a position to buy them later versus even now under these circumstances. Additionally, rising interest rates in this type of environment will almost certainly crush most asset prices. The typical person has much greater debt or is leveraged to the hilt.[/QUOTE]
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