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Recession Makes Gold, Silver Hot Commodities As Coin Collecting Flounders
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<p>[QUOTE="Mr. Coin Lover, post: 574200, member: 16060"]I wouldn't say at all the coin market is even close to floundering. I think a "slowing" would be more appropriate. The buying of coins is a retail market, what retail market hasn't slowed? Are some people being forced to sell their coins to help ends meet? Yes, but some are selling a lot of different things to help ends meet. Usually people sell things that they own and coins are almost always paid for, not financed. I think precious metals (gold & silver) will go up in the future, but their increase will be inflation driven. With all the money that has been printed and the size of the deficit I think a much higher inflation in our future. If you look at things historicaly one would think now would be an excellent time to buy stocks, but I have my doubts due to the inflation I think is coming. To continue with the history thing diversity is probably the best route except for realestate unless your buying to live in it. After all this where and what is the best thing to invest in right now at this time? In my opinion it is Certificates of Deposit with a coin thrown in now and then.[/QUOTE]</p><p><br /></p>
[QUOTE="Mr. Coin Lover, post: 574200, member: 16060"]I wouldn't say at all the coin market is even close to floundering. I think a "slowing" would be more appropriate. The buying of coins is a retail market, what retail market hasn't slowed? Are some people being forced to sell their coins to help ends meet? Yes, but some are selling a lot of different things to help ends meet. Usually people sell things that they own and coins are almost always paid for, not financed. I think precious metals (gold & silver) will go up in the future, but their increase will be inflation driven. With all the money that has been printed and the size of the deficit I think a much higher inflation in our future. If you look at things historicaly one would think now would be an excellent time to buy stocks, but I have my doubts due to the inflation I think is coming. To continue with the history thing diversity is probably the best route except for realestate unless your buying to live in it. After all this where and what is the best thing to invest in right now at this time? In my opinion it is Certificates of Deposit with a coin thrown in now and then.[/QUOTE]
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Recession Makes Gold, Silver Hot Commodities As Coin Collecting Flounders
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