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Why has my classic coin dropped in value?????
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<p>[QUOTE="Hiddendragon, post: 975489, member: 25270"]I don't claim to be an expert on precious metals, but just the fact that gold is at historic highs indicates to me that it will likely drop again. Gold is going up in value now because the economy is bad and a lot of people think gold is the only safe investment. When the economy improves (and it eventually will), the value of gold will go down. There seem to be a lot of people buying gold who are part of what I would call the fringe wacko movement as well - those who think the entire economy will collapse and the government will be rounding up people and putting them in camps. I don't trust these people's judgment. What it comes down to is you don't buy when prices are high and I think anyone who buys now will lose their butt if they try to sell that gold ten years from now.[/QUOTE]</p><p><br /></p>
[QUOTE="Hiddendragon, post: 975489, member: 25270"]I don't claim to be an expert on precious metals, but just the fact that gold is at historic highs indicates to me that it will likely drop again. Gold is going up in value now because the economy is bad and a lot of people think gold is the only safe investment. When the economy improves (and it eventually will), the value of gold will go down. There seem to be a lot of people buying gold who are part of what I would call the fringe wacko movement as well - those who think the entire economy will collapse and the government will be rounding up people and putting them in camps. I don't trust these people's judgment. What it comes down to is you don't buy when prices are high and I think anyone who buys now will lose their butt if they try to sell that gold ten years from now.[/QUOTE]
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Why has my classic coin dropped in value?????
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