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<p>[QUOTE=&quot;GoldFinger1969, post: 26436561, member: 73489&quot;]Yeah, so about a 50% premium paid, depending on when you bought in 2013 (as you said, gold was falling 15 months after the late-2011 peak).</p><p>Yeah, it happens...that&#039;s why you can never consider either numismatics or even bullion as &quot;investments&quot; even thought right now the returns over 5, 10,and 20 year periods look pretty good.&nbsp; Using rolling time periods (to eliminate timing bias and recent up-moves) gold and PMs are less impressive.</p><p>Mining stocks will DEFINITELY go down more to the downside if gold corrects downward....definitely they are more leveraged plays.</p><p><br /></p><p>The coins clearly were the victims of the premium being eroded. Ironically, if gold goes down, numismatics have downside protection as the coins shouldn&#039;t fall dollar-for-dollar with bullion.</p><p><br /></p><p>I agree with your &quot;keep the winners, dump the losers&quot; but not sure it applies to cyclical investments like PMs/gold where down cycles can last years or decades.</p><p>Yeah, GDJMSP has said this for a few years....he&#039;s made some great calls....<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />....said that world/foreign coins were the place to be a few years ago (still like &#039;em, GD ?).</p><p><br /></p><p>I don&#039;t know if it&#039;s because the coins are rarer or because they were undiscovered for so long and/or because there are much more (world) buyers than there are domstic U.S. buyers for U.S. gold and silver coins.[/QUOTE]</p><p><br /></p>

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