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Why has my classic coin dropped in value?????
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<p>[QUOTE="10gary22, post: 975570, member: 23626"]I have read reports that analyze why we get the fluctuations that seem to argue the metals and coin market is underfunded, thusly dependent on exchange rates, currency production, inflation, demand, etc. Unlike oil or corn, no one really must have gold except as a hedge to the value of paper money. You can't eat it or heat your home with it. It's a Luxury commodity.</p><p> </p><p>If you need to get cash, try using the coins as collateral for a long term loan. Some banks still do that. Keep your rarest coins if you need to liquidate, if you can. Those should recover value first and quickest when the cycle changes. </p><p> </p><p>Man, it feels good to sell $500 gold at $700. Not so much, to sell $1100 gold at $800. Timing is subject to your cash reserves. And sometimes you never have enough.</p><p> </p><p>gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 975570, member: 23626"]I have read reports that analyze why we get the fluctuations that seem to argue the metals and coin market is underfunded, thusly dependent on exchange rates, currency production, inflation, demand, etc. Unlike oil or corn, no one really must have gold except as a hedge to the value of paper money. You can't eat it or heat your home with it. It's a Luxury commodity. If you need to get cash, try using the coins as collateral for a long term loan. Some banks still do that. Keep your rarest coins if you need to liquidate, if you can. Those should recover value first and quickest when the cycle changes. Man, it feels good to sell $500 gold at $700. Not so much, to sell $1100 gold at $800. Timing is subject to your cash reserves. And sometimes you never have enough. gary[/QUOTE]
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Why has my classic coin dropped in value?????
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