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<p>[QUOTE=&quot;johnmilton, post: 26431196, member: 101855&quot;]Be careful what you wish for. Ridiculously high precious metal prices will ruin the numismatic hobby. Gold prices are already ruining a large portion of the numismatic gold coin market. Common date $20 gold pieces are nothing but bullion even in choice collector grades like MS-64. </p><p><br /></p><p><br /></p><p><br /></p><p>This is scary part. Will the bubble burst and leave individuals and major financial institutions with huge losses. </p><p><br /></p><p>In the late 1970s, gold hit $855 and silver $55. The bubble burst, and those prices did not recover for decades. Back then banks worked to keep gold prices down and investment advisers told their clients to limit their exposure. The Hunt Brothers tried to corner the silver market by buying the medal with excessive leverage (debt). When the bubble broke, they went from billionaires to bankrupt. </p><p><br /></p><p>Yes, it possible to overpay for anything. If the banks are really as deep into this as reported, I shudder to think what will happen if there is a major correction.[/QUOTE]</p><p><br /></p>

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