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<p>[QUOTE="doug444, post: 1944442, member: 38849"]One point in favor of coins (or stamps) is the privacy factor. You buy at a coin show, pay cash, refuse to reveal any personal data, and nobody knows what you've got or where it is. But I believe hyperinflation will once again crush the middle class, and the number of buyers will shrink accordingly. For the very very rich, it will be a buyer's market, and a thin market indeed.</p><p><br /></p><p>If by coins you possibly mean junk silver and bullion coins, then you're on the right track. And that's not for "investment" -- it's for preserving the purchasing power that you already have, today, in 2014.</p><p><br /></p><p>I like to use the "bread" analogy. Today, a silver dime will buy a decent loaf of bread. Hyperinflation comes, and ravages the country. Odds are great, greater than any other asset class, that a silver dime will STILL buy a loaf of bread, even if its nominal price is $6 per loaf. Got <i>paper</i> money? Good luck.</p><p><br /></p><p>Central banks, including both the U.S. and the U.K., will do ANYTHING to keep interest rates down, as that increases the amount they must borrow to pay the interest on new debt. How do they borrow? They PRINT more money. It's an endless loop that will end badly.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1944442, member: 38849"]One point in favor of coins (or stamps) is the privacy factor. You buy at a coin show, pay cash, refuse to reveal any personal data, and nobody knows what you've got or where it is. But I believe hyperinflation will once again crush the middle class, and the number of buyers will shrink accordingly. For the very very rich, it will be a buyer's market, and a thin market indeed. If by coins you possibly mean junk silver and bullion coins, then you're on the right track. And that's not for "investment" -- it's for preserving the purchasing power that you already have, today, in 2014. I like to use the "bread" analogy. Today, a silver dime will buy a decent loaf of bread. Hyperinflation comes, and ravages the country. Odds are great, greater than any other asset class, that a silver dime will STILL buy a loaf of bread, even if its nominal price is $6 per loaf. Got [I]paper[/I] money? Good luck. Central banks, including both the U.S. and the U.K., will do ANYTHING to keep interest rates down, as that increases the amount they must borrow to pay the interest on new debt. How do they borrow? They PRINT more money. It's an endless loop that will end badly.[/QUOTE]
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