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<p>[QUOTE="Vess1, post: 1618402, member: 13650"]As a general rule, items that were expensive in the past, tend to always hold their value and often times increase in value. Cars, clocks, guns, coins. There are some exceptions like beanie babies of course, but almost everybody saw that bubble coming except bored house wives and kids.</p><p><br /></p><p> They say over the coming decades we will see the largest transfer of wealth in human history as the boomers pass away, and the younger generation, who are not all unemployed, will inherit the wealth. Some of it saved. Some from homes, even if the homes have lost value. Some from life insurance. Many from the boomer generation didnt spend their entire lives with multiple vehicles, cell phone bills, internet bills, new electronics, etc.. Many made more in the 70s and 80s than they do today. Many made alot and were able to retain alot just because there werent bills like there are now.</p><p><br /></p><p> The next generation after the current younger generation I believe will be the ones who will be screwed in many ways. </p><p> Not only is there no longer any incentive to save anything at 0.05% interest, but people are unable to anyway. Our cell phone bill is like a car payment and we only have 2 phones. Its too hard to give it up now, but in 50 years thats over $100k out the window for phones alone! The younger generation wont be able to bail out their kids like their parents were able to bail them out. Thats what I see happening. </p><p> As far as the coin market, I believe its a small segment of the population already anyway. If the # of collectors were to double you could see prices quadruple. I believe it will remain a relatively solid market through thick and thin with some wild swings as segments considered fads, come and go. Weve already witnessed this.</p><p><br /></p><p> If coins go to nothing, there will be many more new people diving in who shyed away before because of the high prices. But they would eventually drive prices back up competing with eachother. </p><p><br /></p><p>I would love to have a 2006 gold age reverse proof. Theyre 3 grand and have been for a while. Thats high for me. If I come into some more money someday, I may pull the trigger. Right now though, I sit on the sidelines. What would that coin fall to before people would be physically fighting each other to get one? Could it get to melt value? $1680? Nope. No way it could fall that much. Buyers would snap it up long before that point. $2k? At that level Id be moved to buy one but nobodys going to let them go that cheap. Dollars dont go that far anymore and will continue to buy less. Its easy to be stuck in using 1992 as a reference point for purchasing things. Its just not reality.</p><p><br /></p><p>Sent from my Motorola Electrify using Tapatalk 2[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 1618402, member: 13650"]As a general rule, items that were expensive in the past, tend to always hold their value and often times increase in value. Cars, clocks, guns, coins. There are some exceptions like beanie babies of course, but almost everybody saw that bubble coming except bored house wives and kids. They say over the coming decades we will see the largest transfer of wealth in human history as the boomers pass away, and the younger generation, who are not all unemployed, will inherit the wealth. Some of it saved. Some from homes, even if the homes have lost value. Some from life insurance. Many from the boomer generation didnt spend their entire lives with multiple vehicles, cell phone bills, internet bills, new electronics, etc.. Many made more in the 70s and 80s than they do today. Many made alot and were able to retain alot just because there werent bills like there are now. The next generation after the current younger generation I believe will be the ones who will be screwed in many ways. Not only is there no longer any incentive to save anything at 0.05% interest, but people are unable to anyway. Our cell phone bill is like a car payment and we only have 2 phones. Its too hard to give it up now, but in 50 years thats over $100k out the window for phones alone! The younger generation wont be able to bail out their kids like their parents were able to bail them out. Thats what I see happening. As far as the coin market, I believe its a small segment of the population already anyway. If the # of collectors were to double you could see prices quadruple. I believe it will remain a relatively solid market through thick and thin with some wild swings as segments considered fads, come and go. Weve already witnessed this. If coins go to nothing, there will be many more new people diving in who shyed away before because of the high prices. But they would eventually drive prices back up competing with eachother. I would love to have a 2006 gold age reverse proof. Theyre 3 grand and have been for a while. Thats high for me. If I come into some more money someday, I may pull the trigger. Right now though, I sit on the sidelines. What would that coin fall to before people would be physically fighting each other to get one? Could it get to melt value? $1680? Nope. No way it could fall that much. Buyers would snap it up long before that point. $2k? At that level Id be moved to buy one but nobodys going to let them go that cheap. Dollars dont go that far anymore and will continue to buy less. Its easy to be stuck in using 1992 as a reference point for purchasing things. Its just not reality. Sent from my Motorola Electrify using Tapatalk 2[/QUOTE]
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