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<p>[QUOTE="JrCoin, post: 678259, member: 18390"]Gee, why so serious? Paper money does have it's uses, like to buy precious metals with...I just don't see much value in keeping alot of greenbacks around unless I'm fixing to flee the authorities sometime soon. I percieve a gap between market value (what the papers ect say a metal like gold is worth) and the actual cost of purchasing said amount of gold. This said, not all gold is created equal. Numismatic gold does and should command a premium over plain bullion. Just because the "official" price of gold drops for a bit, I don't believe you would be able to purchase premium quality numismatic gold for much of a bargain. I think gold should be valued for its rarity, beauty, and usefulness. Yes there is collectable paper money out there, and the current market for it is a bit soft. I'm not interested in collecting bills when a similar purchase/collection/investment/whatever can be made in precious metals. All I'm saying is, if you can find a good deal in what you like because of a price drop in golds listed value, good for you! Inflation is good business for government and hard on the individual. I don't see it going away anytime soon. In my opinion this will continue to drive more demand for hard secure assets like gold and silver. My one caveat would be wthshtf you will see that your basic essentials (food, water, shelter, clothing, and YES, T.P.) will seem alot more important than a safe full of yellow metal. But that's a pretty bleak outlook and think there isn't much use in worrying about all that. You could do alot worse than gold. Like Enron? Or Bernie? I'm pretty sure all that gold is going to be worth something to someone, and if your money isn't in your pocket then whose is it really? I've lost lots in the stock market and watched my 401k bleed like a sieve but I've still got my coin collection, and I have no reservations about adding to it when I can. Just my 2 cents.[/QUOTE]</p><p><br /></p>
[QUOTE="JrCoin, post: 678259, member: 18390"]Gee, why so serious? Paper money does have it's uses, like to buy precious metals with...I just don't see much value in keeping alot of greenbacks around unless I'm fixing to flee the authorities sometime soon. I percieve a gap between market value (what the papers ect say a metal like gold is worth) and the actual cost of purchasing said amount of gold. This said, not all gold is created equal. Numismatic gold does and should command a premium over plain bullion. Just because the "official" price of gold drops for a bit, I don't believe you would be able to purchase premium quality numismatic gold for much of a bargain. I think gold should be valued for its rarity, beauty, and usefulness. Yes there is collectable paper money out there, and the current market for it is a bit soft. I'm not interested in collecting bills when a similar purchase/collection/investment/whatever can be made in precious metals. All I'm saying is, if you can find a good deal in what you like because of a price drop in golds listed value, good for you! Inflation is good business for government and hard on the individual. I don't see it going away anytime soon. In my opinion this will continue to drive more demand for hard secure assets like gold and silver. My one caveat would be wthshtf you will see that your basic essentials (food, water, shelter, clothing, and YES, T.P.) will seem alot more important than a safe full of yellow metal. But that's a pretty bleak outlook and think there isn't much use in worrying about all that. You could do alot worse than gold. Like Enron? Or Bernie? I'm pretty sure all that gold is going to be worth something to someone, and if your money isn't in your pocket then whose is it really? I've lost lots in the stock market and watched my 401k bleed like a sieve but I've still got my coin collection, and I have no reservations about adding to it when I can. Just my 2 cents.[/QUOTE]
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