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<p>[QUOTE="chip, post: 1296404, member: 19122"]Interesting analysis. </p><p><br /></p><p>My pessimistic side says, The powers that be, those high minded citizens of the world are bound and determined to level conditions around the world, and that means that my nation is going to keep sliding downward economically. That means less disposable income for hobbies such as numismatics and that means prices will drop to the point that eventually everything becomes bullion. </p><p><br /></p><p>My optimistic side says that we have had recessions and depressions before, that eventually those people we hire to run the various branches of government will do the right thing, after all even a blind robin occasionally finds a worm. That with inflation everything that is bought will eventually reach a point of break even and maybe a little profit. I remind myself of its a wonderful life economics, "dont you see? Potter is not selling, he is buying, and why because we are panicking and he is picking up bargains." </p><p><br /></p><p>One of the non numismatic buys I have been making are incandescent light bulbs, our wonderful friends in congress are legislating them out of existance, just as they did with car refrigerant and one flush toilets, I like the incandescent for reading, plus it does not cause static on my bedside radio, so I am stocked up.</p><p><br /></p><p>Back to numismatics, my long term feeling is that many world coins and currency of nations that are gaining economically from the wests self inflicted economic woundings will appreciate more than other coins, that speciifically means Indian and Chinese items.[/QUOTE]</p><p><br /></p>
[QUOTE="chip, post: 1296404, member: 19122"]Interesting analysis. My pessimistic side says, The powers that be, those high minded citizens of the world are bound and determined to level conditions around the world, and that means that my nation is going to keep sliding downward economically. That means less disposable income for hobbies such as numismatics and that means prices will drop to the point that eventually everything becomes bullion. My optimistic side says that we have had recessions and depressions before, that eventually those people we hire to run the various branches of government will do the right thing, after all even a blind robin occasionally finds a worm. That with inflation everything that is bought will eventually reach a point of break even and maybe a little profit. I remind myself of its a wonderful life economics, "dont you see? Potter is not selling, he is buying, and why because we are panicking and he is picking up bargains." One of the non numismatic buys I have been making are incandescent light bulbs, our wonderful friends in congress are legislating them out of existance, just as they did with car refrigerant and one flush toilets, I like the incandescent for reading, plus it does not cause static on my bedside radio, so I am stocked up. Back to numismatics, my long term feeling is that many world coins and currency of nations that are gaining economically from the wests self inflicted economic woundings will appreciate more than other coins, that speciifically means Indian and Chinese items.[/QUOTE]
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