Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 86836, member: 3011&quot;]It would be very interesting to see what happened.&nbsp; This could be done by obtaining a book of coin prices from, say, 1975 to pick a mid-decade year, and see what many of them are worth now for your favorite series or individual coins.</p><p><br /></p><p>Also keep in mind that one ounce Krugerrands were selling for about $150-$200 then, and there have been numerous occasions when the investor could have sold at a profit since then.&nbsp; </p><p><br /></p><p>Silver was less than $5 per ounce for most of the decade, and was above $10 from mid-79 to mid-81, and again for most of 1983 giving the investor ample time to take some profits.&nbsp; A buyer at almost any time prior to 1978 probably never did any worse than break even.&nbsp; Not great, but not the disaster people make it out to be.&nbsp; I don&#039;t know anyone who BOUGHT silver coins when the price shot up into the $25-$50 range except industrial buyers who were melting them.&nbsp; Everyone I know was rushing to sell just about anything in the house they could pass off as silver.</p><p><br /></p><p>Everyone assumes most of the gold and silver was purchased at the peak prices, but that just isn&#039;t the case.&nbsp; It never was a no-brainer investment, but nothing else is either.</p><p><br /></p><p>Coins probably won&#039;t and shouldn&#039;t match returns from things like stocks and real estate; but they probably will match the performance of bank accounts and money market funds.&nbsp; Coins are like holding an inflation proof currency.&nbsp;&nbsp; Add a little successful buying low and selling high now and then, and they can be quite satisfactory in addition to being a lot of fun.[/QUOTE]</p><p><br /></p>

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