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<p>[QUOTE=&quot;rhoggman, post: 407446, member: 13987&quot;]<b>Where would I rather have my money???</b></p><p><br /></p><p>Ok... I think that most people believe the coin collecting market will suffer somewhat during a recession or a depression, but what happens in a deep long drawn out major economic downturn?</p><p><br /></p><p>Where would you rather have your money? </p><p><br /></p><p>Personally I would not mind storing wealth in the form of rare coins. In this case I would not be talking about circulated type sets or date sets of a certain type. In this case I would be talking about scarce MS coins. This would of course mean that I would not plan on liquidating these assets. This might mean &quot;long term wealth&quot; or &quot;family wealth&quot;. </p><p><br /></p><p>For preserving savings or for storage of wealth that may need to be liquidated I think gold and silver is the way to go.</p><p><br /></p><p>Depending on whether money is inflating or deflating in an economic downturn owning gold may or may not be a wealth builder, but either way it is safer than holding Dollars.</p><p><br /></p><p>Coins are money, but coins have the unique property of being metal. So they could be useful in other ways than just being &quot;money&quot;.</p><p><br /></p><p>For example... lets say the poo poo really hits the fan. Would you rather have $50,000 in greenbacks or presidential dollars?</p><p><br /></p><p>I would rather have presidential dollars. Maybe I could turn them into spears, knives, bullets, or whatever.</p><p><br /></p><p>Paper money really is worthless. Paper money started out as a &quot;promise&quot;, but has devolved in to &quot;paper&quot;. Paper money is a faith certificate. The true asset behind paper money is &quot;consumer confidence&quot;. </p><p><br /></p><p>Notice people do not really hoard greenbacks for their intrinsic value, although they do have some intrinsic value..... they are paper. Paper can be burned, and you can make things out of it. It isn&#039;t totally useless.</p><p><br /></p><p>I would not say rare coins are a great place to hold wealth, but if the &quot;dollar&quot; becomes worthless, I would definitely rather have possession of copper, silver, gold , zinc, nickel, or just about any other metal coin.... because unlike a broken promise metal is an asset that can be used to your advantage.[/QUOTE]</p><p><br /></p>

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