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<p>[QUOTE="Cloudsweeper99, post: 60167, member: 3011"]Personally, I don't think there is any way to protect yourself from financial Armageddon. I also don't expect things to get to the point where I'll spend the day defending my coins at the point of a gun while munching on a rat. But a well thought out coin collection with a lot of gold and silver in it should be a good inflation hedge. From stories I read, this is the sort of investment that helped a lot of people preserve wealth most recently in Turkey when their currency collapsed, and in various South American countries that experienced inflation in the past. People sometimes forget that coins don't have to outperform stocks to be worth holding, they only have to outperform cash, which can lose a considerable amount of value during serious bouts of inflation. Assuming civilization survives, the point is to get from here to the other side of any financial crisis with most of your wealth intact, not to break out a couple of walkers every day to buy lunch. Gold and silver bullion coins, and numismatic coins of all types are a decent way to do this.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 60167, member: 3011"]Personally, I don't think there is any way to protect yourself from financial Armageddon. I also don't expect things to get to the point where I'll spend the day defending my coins at the point of a gun while munching on a rat. But a well thought out coin collection with a lot of gold and silver in it should be a good inflation hedge. From stories I read, this is the sort of investment that helped a lot of people preserve wealth most recently in Turkey when their currency collapsed, and in various South American countries that experienced inflation in the past. People sometimes forget that coins don't have to outperform stocks to be worth holding, they only have to outperform cash, which can lose a considerable amount of value during serious bouts of inflation. Assuming civilization survives, the point is to get from here to the other side of any financial crisis with most of your wealth intact, not to break out a couple of walkers every day to buy lunch. Gold and silver bullion coins, and numismatic coins of all types are a decent way to do this.[/QUOTE]
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