Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Need Investment Advice
>
Reply to Thread
Message:
<p>[QUOTE="InfleXion, post: 2661562, member: 29012"]A guy who runs a coin shop in my area once told me that if he had invested in bullion instead of rare coins he would have retired already. I figure rare coins don't have any reason to go up in price unless more people get interested in them.</p><p><br /></p><p>Weight in gold and silver is what the dollar was conceived as when the USA was founded, before it later became paper certificates and then a digital currency in the computer age.</p><p><br /></p><p>So 'coins' can mean two very different things without further clarification between collectible coins and bullion coins.</p><p><br /></p><p>I would definitely heed all advice given about not investing in collectible coins other than for hobby.</p><p><br /></p><p>Bullion coins are not only a hobby for me though. They are part of my longterm retirement plan, because the value they have is based on their intrinsic properties which are immutable. I plan on saving it all for a very long time, so I will always have some real money. I'm not trying to flip it to get more 'dollars'. I like having it for what it is, which is an inflation hedge with no counter party risk. 'Dollars' have the risk associated with a nation's ability to service its debt, and can be defaulted on or inflated away. Gold can't default, it's both ageless and timeless. That's why gold, the money of kings, and silver, the money of the people made the first dollars.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 2661562, member: 29012"]A guy who runs a coin shop in my area once told me that if he had invested in bullion instead of rare coins he would have retired already. I figure rare coins don't have any reason to go up in price unless more people get interested in them. Weight in gold and silver is what the dollar was conceived as when the USA was founded, before it later became paper certificates and then a digital currency in the computer age. So 'coins' can mean two very different things without further clarification between collectible coins and bullion coins. I would definitely heed all advice given about not investing in collectible coins other than for hobby. Bullion coins are not only a hobby for me though. They are part of my longterm retirement plan, because the value they have is based on their intrinsic properties which are immutable. I plan on saving it all for a very long time, so I will always have some real money. I'm not trying to flip it to get more 'dollars'. I like having it for what it is, which is an inflation hedge with no counter party risk. 'Dollars' have the risk associated with a nation's ability to service its debt, and can be defaulted on or inflated away. Gold can't default, it's both ageless and timeless. That's why gold, the money of kings, and silver, the money of the people made the first dollars.[/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
>
Coin Chat
>
Need Investment Advice
>
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...