Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Retirement......numismatic coins saved....
>
Reply to Thread
Message:
<p>[QUOTE="World Colonial, post: 2413615, member: 78153"]Except in isolation, nobody really knows who owns what and their financial circumstances. I believe (but do not actually know) that coin collectors on average are more financially conservative than others and in a better financial position but under renewed adverse economic conditions, many will become forced sellers again.</p><p><br /></p><p>During 2008-2009 in the worst of the financial crisis, most who afford to do so presumably just waited it out since the financial stress was temporary. The more expensive coins are probably and usually owned by "stronger hands" than cheaper ones but not always.</p><p><br /></p><p>I try to obtain the best value for my coin purchases but concurrently, only use discretionary income that I (hopefully) won't need for other purposes. I only buy out of current income.</p><p><br /></p><p>Financially, buy what you can afford and don't mind if it loses value. If it gains value fine but if it doesn't and you don't care, you can't go wrong.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2413615, member: 78153"]Except in isolation, nobody really knows who owns what and their financial circumstances. I believe (but do not actually know) that coin collectors on average are more financially conservative than others and in a better financial position but under renewed adverse economic conditions, many will become forced sellers again. During 2008-2009 in the worst of the financial crisis, most who afford to do so presumably just waited it out since the financial stress was temporary. The more expensive coins are probably and usually owned by "stronger hands" than cheaper ones but not always. I try to obtain the best value for my coin purchases but concurrently, only use discretionary income that I (hopefully) won't need for other purposes. I only buy out of current income. Financially, buy what you can afford and don't mind if it loses value. If it gains value fine but if it doesn't and you don't care, you can't go wrong.[/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
>
Retirement......numismatic coins saved....
>
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...