Market Downturn And Coins - Coin Community Forum

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Author	Replies: 5 / Views: 1,709
sillyxxx Valued Member Canada 50 Posts	Posted 10/09/2008 9:50 pm How will the economic downturn affect your decisions to buy or sell coins Report this Post to the Staff

Zohar444 Pillar of the Community United States 1429 Posts	Posted 10/09/2008 9:58 pm Similar discussion last week prior to bigger drops: https://goccf.com/t/36073 I say keep buyin as its a better investment than others. Report this Post to the Staff
KurtS Pillar of the Community United States 5318 Posts	Posted 10/09/2008 11:16 pm I expect to see a lot of new coins at the Nov. show here--but fewer buyers. I only cherrypick a few coins per show, so I won't be changing much. Report this Post to the Staff
MrCanada Pillar of the Community Canada 650 Posts	Posted 10/23/2008 10:23 pm I would think and buy accordingly that coins of silver and gold at close to bullion will definitely go up. Gold and silver are bench marks to the US $ , When the bail out and the election is over, reality will take hold and the price of gold and oil will go up because of it's relation to the US$. You can't print that much cash and not diminish the value of the unit. Report this Post to the Staff
glenzy1 Pillar of the Community Canada 1554 Posts	Posted 11/04/2008 7:24 pm Hi, if you plan to use coin collecting as an investment instead of the crazy up and down stock market, then stick to KEY dates and buy the highest grades that you can afford. A Victorian quarter, 1891, AU-50 with a C.C.N. trend value of $1,500.00 Can.$ will certainly gain in value versus a VG-8. This being the # of known and available AU-50 are far less than the VG-8's, therefore commanding a higher premium. Plus you can enjoy your coins a lot more than you would an R.R.S.P. Glenn Report this Post to the Staff
WpgLwr Pillar of the Community Canada 1082 Posts	Posted 11/17/2008 12:42 pm Well, like the Prime Minister said, there are opportunities during the current economic crisis. My hobby budget will stay the same, but hopefully I'll be able to get a bigger bang for my buck. Report this Post to the Staff
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