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What To Do With Your Coins In Economic Meltdown???
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<p>[QUOTE="coleguy, post: 431074, member: 9167"]I guess my answer would be what the OP's deffinition of "economic meltdown" is. I mean, we've been in one for 15 years now if you consider the basic view. Will money ever become worthless...no. Even in the world's most destroyed economies where superinflation has increased 5000% or more, money is still worth something...just not much. People just invest elswhere.</p><p> </p><p>Personally, my employment thrives when times are tough so I've been investing and collecting even more. That is personally what I've done. As far as what others do, it depends. Do you need more coins, or food to feed your family? Do you need a safe deposit box to stash your gold, or a roof over your head. These aren't hard questions for anyone to answer. If it came right to it, I'd have no problem selling my coins to provide the necessities of life. But, you would have to sell at a time when there was someone willing and able to buy, because like mentioned before, you can't eat coins and when times are really bad, they're no more than chunks of shiny metal.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 431074, member: 9167"]I guess my answer would be what the OP's deffinition of "economic meltdown" is. I mean, we've been in one for 15 years now if you consider the basic view. Will money ever become worthless...no. Even in the world's most destroyed economies where superinflation has increased 5000% or more, money is still worth something...just not much. People just invest elswhere. Personally, my employment thrives when times are tough so I've been investing and collecting even more. That is personally what I've done. As far as what others do, it depends. Do you need more coins, or food to feed your family? Do you need a safe deposit box to stash your gold, or a roof over your head. These aren't hard questions for anyone to answer. If it came right to it, I'd have no problem selling my coins to provide the necessities of life. But, you would have to sell at a time when there was someone willing and able to buy, because like mentioned before, you can't eat coins and when times are really bad, they're no more than chunks of shiny metal. Guy~[/QUOTE]
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