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What To Do With Your Coins In Economic Meltdown???
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<p>[QUOTE="Ardatirion, post: 430714, member: 9204"]Ewomack, you seem to be envisioning a complete collapse of SOCIETY, not the economy. (In which case the best trade good would be whiskey. Lol) There's a reason its called "hard times" not "impossible times". Maybe its just because I'm young and naively hopeful. </p><p> </p><p>Anyway, to the original question. I question how much good it would even do to sell your coins. If there is a truly severe economic downturn, people won't have as much disposable income to spend on coins, causing the coin market to practically evaporate, making your common collector coins near worthless. Silver and gold will still be silver and gold and, therefor, worth as much as bullion value. </p><p> </p><p>My own collecting habits would probably change dramatically. If I'm just not making money, how can I spend it on coins? But if I do happen to be making money when the rest of the market is flopping, well. I would get an awfully nice collection. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Ardatirion, post: 430714, member: 9204"]Ewomack, you seem to be envisioning a complete collapse of SOCIETY, not the economy. (In which case the best trade good would be whiskey. Lol) There's a reason its called "hard times" not "impossible times". Maybe its just because I'm young and naively hopeful. Anyway, to the original question. I question how much good it would even do to sell your coins. If there is a truly severe economic downturn, people won't have as much disposable income to spend on coins, causing the coin market to practically evaporate, making your common collector coins near worthless. Silver and gold will still be silver and gold and, therefor, worth as much as bullion value. My own collecting habits would probably change dramatically. If I'm just not making money, how can I spend it on coins? But if I do happen to be making money when the rest of the market is flopping, well. I would get an awfully nice collection. :D[/QUOTE]
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