Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Is now the time to start my Coin and Silver business?
>
Reply to Thread
Message:
<p>[QUOTE="JCB1983, post: 1321063, member: 23885"]Well here is my thinking on all of this. A shop is not really necessary. If I were in a metropolitan area I would open a shop. I believe with heavy advertising, I'll be able to pull in the clientele I need to do business. The coin side of the business would be strictly for grabbing up U.S. coins + collections at cheap prices, and turning them around online. I would anticipate that 80% of my business would be via eBay, or via my website. It truly would be more of a long term investment. I would rely on buying scrap silver/flatware, and coins for cheap for my overhead. I started studying the history of the last 100 years involving the prices of gold and silver. Then I started looking at world events, and the correlation between the two. One thing that I found is that Silver tends to follow the trends of gold, and historically has maintained a pricing ratio of 1:16. Gold has been heavily marketed the last couple of years, and has a current price ratio of 50:1 to silver. With this being said even if the market for silver corrects itself slightly, and moves to a ratio of 1:25, than silver prices would double. Enough with the speculation on silver. Let's just say I've given it a lot more thought than a couple of graphs. As for investing in housing I tend to disagree. IMHO lower end houses might maintain their value, but there is at least a 15-20 percent bubble in the housing market still. My larger long-term goal in all of this is to use a low interest SBA VA loan, or other low interest loan to establish a good credit line with the bank. If I can establish good credit with the bank than I see some great long-term potential. I have a lot more research to do regarding these issues, and I appreciate your guys input. It really raises some key questions that I need to examine seriously. On another note, I do have a lot of confidence in myself, and I truly believe if somebody else can do it... I can do it. </p><p><br /></p><p><br /></p><p>Gbroke just one more thing.. How many people our age know anything about coins, or Silver? What is the average age of the collector? I hate to be harsh, but in 20 years there is going to be a massive overflow of coins that find there way into the market. Massive amounts. There is no doubt in my mind that prices will go way down, or at the bare minimum we will have the ability to sweep up coins at prices we would dance to today. I see a buyers market in coins from 2020-2040. The real question is, will the price of coins go back up in our lifetime? I believe so, but that is just my personal speculation. My entire goal is to get outstanding credit with the bank, build up on physical silver as a hedge against inflation, and put myself into a position where 20 years from now I can buy much of these collections that will make it into the market. K sorry for the rant.[/QUOTE]</p><p><br /></p>
[QUOTE="JCB1983, post: 1321063, member: 23885"]Well here is my thinking on all of this. A shop is not really necessary. If I were in a metropolitan area I would open a shop. I believe with heavy advertising, I'll be able to pull in the clientele I need to do business. The coin side of the business would be strictly for grabbing up U.S. coins + collections at cheap prices, and turning them around online. I would anticipate that 80% of my business would be via eBay, or via my website. It truly would be more of a long term investment. I would rely on buying scrap silver/flatware, and coins for cheap for my overhead. I started studying the history of the last 100 years involving the prices of gold and silver. Then I started looking at world events, and the correlation between the two. One thing that I found is that Silver tends to follow the trends of gold, and historically has maintained a pricing ratio of 1:16. Gold has been heavily marketed the last couple of years, and has a current price ratio of 50:1 to silver. With this being said even if the market for silver corrects itself slightly, and moves to a ratio of 1:25, than silver prices would double. Enough with the speculation on silver. Let's just say I've given it a lot more thought than a couple of graphs. As for investing in housing I tend to disagree. IMHO lower end houses might maintain their value, but there is at least a 15-20 percent bubble in the housing market still. My larger long-term goal in all of this is to use a low interest SBA VA loan, or other low interest loan to establish a good credit line with the bank. If I can establish good credit with the bank than I see some great long-term potential. I have a lot more research to do regarding these issues, and I appreciate your guys input. It really raises some key questions that I need to examine seriously. On another note, I do have a lot of confidence in myself, and I truly believe if somebody else can do it... I can do it. Gbroke just one more thing.. How many people our age know anything about coins, or Silver? What is the average age of the collector? I hate to be harsh, but in 20 years there is going to be a massive overflow of coins that find there way into the market. Massive amounts. There is no doubt in my mind that prices will go way down, or at the bare minimum we will have the ability to sweep up coins at prices we would dance to today. I see a buyers market in coins from 2020-2040. The real question is, will the price of coins go back up in our lifetime? I believe so, but that is just my personal speculation. My entire goal is to get outstanding credit with the bank, build up on physical silver as a hedge against inflation, and put myself into a position where 20 years from now I can buy much of these collections that will make it into the market. K sorry for the rant.[/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
>
Is now the time to start my Coin and Silver business?
>
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...