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 Replies: 42 / Views: 6,199 |
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Pillar of the Community
 United States
1454 Posts |
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However, if someone here has the scratch for a larger wholesale buy, let me know. I'll pitch in for a coin or two! Thanks for the info. I believe European dealers grab up the majority of these smaller bank offerings. There are two or three ebay seller names that always pop up when these kinds of coins hit the market. Palau is another country that puts out some interesting world coins and I don't think they don't sell to individuals, either. I'm not sure if there is anyone on this site who has the clout to really move into these markets. I assume one must spend potentially tens of thousands of dollars to get one's foot in the door. Just a hunch. |
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Pillar of the Community
United States
808 Posts |
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I assume one must spend potentially tens of thousands of dollars to get one's foot in the door. Just a hunch. I'm sure you're correct. There are likely other criteria as well like a demonstrable preexisting coin business history and such. |
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Valued Member
United States
212 Posts |
The Silver Australian Kangaroos are going through the roof too.
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Rest in Peace
United States
9104 Posts |
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I had a heckuva time finding my GPS to car cigarette lighter cable the other day. Stop at a dollar tree and spend about five bucks on the stuff they have like that. Well worth saved time later. |
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Pillar of the Community
United States
4008 Posts |
Sounds good, Fredd. I haven't been in one of those for a while. Maybe it is about time to check out what they have. Thanks for the tip.  |
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Pillar of the Community
United States
2764 Posts |
One aspect mentioned earlier but was not taken upon is the growing population. If memory serve me correctly, the world added 2 Billions head w/in the last 10 years or so. India is hovering around 1.2B AND growing, while China is lingering at 1.4B or so (under the one child policy).
Now, population growth alone would not have such a high impact, but it's the number of 'middle class/income' population that's is expanding each day. While American middle class is shrinking, the middle class in the 2nd world countries (ie: emerging market, BRIC) are expanding quickly. Their growing income feed their desire to "live the American dream" lifestyle and investing in PM.
Let just look at India & China: They have BIG appetite for PM. Let say 25% of their population is middle class, that mean 700 Millions people..... if we assume 25% of those 700M have the money and wanting to buy some shinny PM ===> that's 175 Millions more people buying into the PM market. If each of them only can afford 1oz of silver (silver is more affordable than gold) then we have 5.25 Billions dollars more entering the market. How BIG is the PHYSICAL silver market and PHYSICAL PM market as a whole?
On top of that, their GDP growth rate is assuming at around 8%, can we assume that 8% more peoples from those BRIC countries will become middle class, have the income, want and willing to invest in PM?
In the contrary, how many American are actually in the PM market? If assuming at 5% of the 300 Millions then we have 15 millions peoples.
The ironic thing is that the source of their rise to middle class is the MONEY that corporations took out of the US and other 1st world countries to invest in those "emerging market".
I despise most consumer products made from China (because of the low quality and the "instant noodle" method of making things) BUT I love to own some COINS from China (I only have one as of now). I can see China coin market is slowly boiling.... just look at some recent coin shows from Hongkong and Shanghai as well as some latest high priced auctions. Ask yourself why PCGS is having office in Hongkong now (not sure about NGC, if not yet then soon to be).
So far, we haven't look at the population of oversea Chinese either, they are more well off and well aware of what's going on than the mainland Chinese.
One last point to make: Last year, I went to Long Beach Convention Coin Show... it was in the afternoon of the last day, this one Chinese middle age man in long sleeve shirt, jean, sandal (non Western style) spent about 30mins browsing some tables and when he decided to buy some US notes & China Pandas, he whipped out his stacks of $100s, flip through them with his thump, even the dealers eye and facial expression shown some surprise..... over all, he spent close to 10K in about 1hrs (he spent less than 3mins looking at each coin/note). He said he was in a hurry since he had to catch his flight back to Asia.
Enough of me ranting.
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Pillar of the Community
United States
511 Posts |
The term "middle class" needs to be defined. I've heard an annual income of $8000 or $10,000 and up used to describe middle class in China or India. Even if people elsewhere don't earn the same amount as Americans, they are savers who are much more conscious of gold and silver than the average U.S. consumer.
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Pillar of the Community
Canada
981 Posts |
I just picked up a hedgehog for $560 and the jerboa for $150 last week and the hedgehog price is still going up figured I would jump on this now instead of losing out like I did on the others.
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Pillar of the Community
United States
808 Posts |
Nice pick up, elkslayer132. That's a very hard coin to find at a great price!
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Pillar of the Community
United States
1454 Posts |
ES, I own the gula gula but missed out on the owl. As much as I wanted the hedgehog, it started out high and doesn't look to be losing ground anytime soon. You might want to consider the coin that I believe was the precursor to the current series: the Mongolia scorpion. It tends to fluctuate between $75-150, with the upper prices more indicative of what you'll find now that so many speculators have discovered the series. http://www.ebay.com/itm/Mongolia-20...em3cc557769f |
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Pillar of the Community
Canada
981 Posts |
thanks I have been looking for that one I never saw that listing I will be watching it
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Pillar of the Community
United States
1454 Posts |
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Pillar of the Community
United States
4008 Posts |
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The ironic thing is that the source of their rise to middle class is the MONEY that corporations took out of the US and other 1st world countries to invest in those "emerging market". The existence of the bulk of this money likely occurred as the middle class was rising. The middle class cannot rise without creating increased productivity and wealth that is then measured as money. Individuals can save, spend, or invest their money as they see fit and so can businesses. If a person or a business sees a more attractive place to invest and moves their money to that more productive location, what's the problem? Everyone who can do this should do this. If one location / country is not competitive, that is neither the persons' nor the businesses' fault, it is the fault of those running the country that is not competitive. If they want that capital back, all they need do is win it via successful competition. Naturally, we would all like to see our own countries be successful but none of us should willingly suffer the consequences of poor leadership if they are not. |
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Pillar of the Community
Canada
981 Posts |
That is about the top I wanted to spend on that coin I have dealt with that seller before we will see what its at in about 6 days
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Rest in Peace
United States
9104 Posts |
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he decided to buy some US notes & China Pandas, he whipped out his stacks of $100s, flip through them with his thump, even the dealers eye and facial expression shown some surprise. Chinese think nothing of carrying huge wads of cash. Most luxury cars in the $30-50,000 range are bought carrell on the bashhead. I helped a waiter friend by a used car. $5000, cash. |
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Posted 04/12/2012 01:12 am
