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<p>[QUOTE="doug444, post: 1565234, member: 38849"]I don't think so. Who's going to buy all that low-end material? The average guy won't -- he's trying to feed and clothe his family, buy gas, pay the utilities, and put in 60 hours instead of 25; there won't be a dime left over. The rich guys won't -- if they buy anything, it will be high-end material. They won't be buying PM, because there won't be any meaningful quantities around for sale, just a few dribs and drabs. The big auction houses might do very well for a while, until liquidity begins to dry up.</p><p><br /></p><p>The little guys are going to pile into websites like CraigsList (because it's free and it's primarily local) with giveaway prices, but there's nobody around to buy all those proof sets and albums of Jeffersons and MS-67 Kennedy halves and VG half dimes. For the most part, the coin market is going to stink, because most groups have (various) higher priorities.</p><p><br /></p><p>Same for the stamp collectors, like me. Especially for the baseball card guys who need a fork lift to move their collection. Old ladies will burn Longaberger baskets to keep warm.</p><p><br /></p><p>Read about the tribulations of Confederate money in the last six months of the Civil War...[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1565234, member: 38849"]I don't think so. Who's going to buy all that low-end material? The average guy won't -- he's trying to feed and clothe his family, buy gas, pay the utilities, and put in 60 hours instead of 25; there won't be a dime left over. The rich guys won't -- if they buy anything, it will be high-end material. They won't be buying PM, because there won't be any meaningful quantities around for sale, just a few dribs and drabs. The big auction houses might do very well for a while, until liquidity begins to dry up. The little guys are going to pile into websites like CraigsList (because it's free and it's primarily local) with giveaway prices, but there's nobody around to buy all those proof sets and albums of Jeffersons and MS-67 Kennedy halves and VG half dimes. For the most part, the coin market is going to stink, because most groups have (various) higher priorities. Same for the stamp collectors, like me. Especially for the baseball card guys who need a fork lift to move their collection. Old ladies will burn Longaberger baskets to keep warm. Read about the tribulations of Confederate money in the last six months of the Civil War...[/QUOTE]
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