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<p>[QUOTE=&quot;doug444, post: 1615456, member: 38849&quot;]For Cloud...</p><p><br /></p><p>&quot;I&#039;ve never been comfortable with the idea that debt is good - under almost any circumstances.&quot;</p><p><br /></p><p>Well, here&#039;s one circumstance that applies to our fellow coin and bullion collectors.&nbsp; I would much rather take out a car loan at zero percent (widely available) for 60 months, than sell off my coins or bullion so I could pay cash.&nbsp; [Incidentally, I agree with you in principle, I have ZERO debt, but we&#039;re entering an unpredecented era of financial chaos.]</p><p><br /></p><p>As for houses, I guess I am way out of the mainstream.&nbsp; It is still much too soon to buy a home; they are still overpriced.&nbsp; Within the next two years, I predict there will truly be desperation sellers -- their last asset, their only way to get a grubstake to start over (as renters, that is).&nbsp; The housing crisis is by no means over, and the banks still have millions of foreclosures &quot;on hold,&quot; well aware that this is not the time to flood the market.&nbsp; Plus the &quot;low-hanging fruit,&quot; so to speak, has already been picked; the most stable and highest-rated buyers have already...bought.</p><p><br /></p><p>As for consumer credit, and very high levels of trivial consumption that got many folks into trouble in the first place, selling off coins and bullion is preferable to taking on more 18% debt, I guess.&nbsp; But far better to cut expenditures to the bone, and avoid any such necessity in the first place.</p><p><br /></p><p>=====</p><p><br /></p><p>This weekend, I had 8 fairly pricey lots in Stack&#039;s &quot;International&quot; auction in New York, and the items did not do very well, only about 5% over the low end of the gross estimate.&nbsp; Still, I think it would have been worse later, so I&#039;m satisfied.&nbsp; The bottom line is that the smart money already has a huge selection of coins and currency to bid on, and they can be very selective and/or not bid at all.&nbsp; </p><p><br /></p><p>When desperation selling kicks in, auction realizations will be lousy, across the board.&nbsp; But there will be no downward pressure on bullion, and if the dollar&#039;s tanking at the rate of 1% or 2% a month, that&#039;s the time to kiss your FR notes good-bye, load up on bullion, and pay cash whenever you can, as the lowest interest rates in a generation will have already started rising.<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>

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