Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Silver is on the rise!
>
Reply to Thread
Message:
<p>[QUOTE="postalx, post: 599996, member: 18345"]The reason this interests me is that when I was a mere pup in the late 1980's, serving as a 3rd Engineer on a oil tanker, my chief engineer was a complete coin hound and kept his hoard aboard ship in his safe. We talked a lot, and I learned a lot. One of the things that was "seared into my memory" was: he held out two $5 Indian gold coins for me to inspect and asked what I thought the difference between them was. Of course, I was clueless. "This one is worth $50 and the other is worth $500!" he explained and went on to explain rarity, scarcity and demand. Whoa!!</p><p><br /></p><p>Shortly thereafter, rare coins took off on their historic moonshot, under circumstances that are dwarfed by today's version of financial meltdown. Long story short, he sold off near the top and retired younger and happier than he ever thought possible.</p><p><br /></p><p>Could that scenario repeat itself in the near future? There is already a flight of capital seeking safe havens, and the fecal matter has yet to truly hit the oscillating air mover. If there is one thing I've learned over the years it is that history repeats itself over and over; only the players change. Get in early![/QUOTE]</p><p><br /></p>
[QUOTE="postalx, post: 599996, member: 18345"]The reason this interests me is that when I was a mere pup in the late 1980's, serving as a 3rd Engineer on a oil tanker, my chief engineer was a complete coin hound and kept his hoard aboard ship in his safe. We talked a lot, and I learned a lot. One of the things that was "seared into my memory" was: he held out two $5 Indian gold coins for me to inspect and asked what I thought the difference between them was. Of course, I was clueless. "This one is worth $50 and the other is worth $500!" he explained and went on to explain rarity, scarcity and demand. Whoa!! Shortly thereafter, rare coins took off on their historic moonshot, under circumstances that are dwarfed by today's version of financial meltdown. Long story short, he sold off near the top and retired younger and happier than he ever thought possible. Could that scenario repeat itself in the near future? There is already a flight of capital seeking safe havens, and the fecal matter has yet to truly hit the oscillating air mover. If there is one thing I've learned over the years it is that history repeats itself over and over; only the players change. Get in early![/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
>
Bullion Investing
>
Silver is on the rise!
>
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...