Will Gas Prices Effect The Coin Collector..?

I made provisions for this last year by getting rid of my car and using the buses. That's why I was walking to work in the hurricane. Everyone laughed at me last year. I wonder if they're still laughing I don't think the gasoline picture is going to improve anytime soon. It will affect coin collectors. It will affect everybody. People living in rural areas who drive 100 miles to a coin show are going to be affected. Even people that buy only on the internet will be affected since they will still have less money to spend.

If you want to really understand what's going on with gasoline I can't recommend highly enough The Long Emergency by James Howard Kunstler. His premise basically is this: It ain't going to get better. Major oil fields have passed peak production. The south, especially the burbs, are in some really deep doo-ddo. Because the south especially Florida, is built on air conditioning, lots of roads and highways and cheap gas to get around in. This book is a real eye opener, depressing as it is.
On the brighter side, he predicts that things will become incredibly localized and communities will once again become communities--they'll have to in order to survive.

And that's the good news.

Here's the bad news: What's going to happen when America and China both want the last barrel of oil?

It is sickening to finally see corportate America finally getting caught up in their lies. When greed rules we will see just what we are seeing now. Every last drop of this is all staged and very well planed. Now, after this past year of playing games the oil companies are announcing profits that are not only unheard of but beyond record setting. Billions have been made in the last year and I am talking about ONE company at a time. The American consumer is literally being raped and our government is in on it up to the neck!
You want changes? All the American people have to do is hang together and make a statement but being the spoiled little kids they are that won't happen. Just imagine if everyone of us boycotted Shell for 60 days. Don't stop for anything at a Shell station, not even to potty or a coke! Would that have an effect? It would cause a huge glut in their production system and bankrupt individual stations. When you get done with them move on to Exon/Mobile and on down the line. We could do the same with the pro sports industry but spoiled "I got to have it American" would rather work their hind ends off to give their hard earned money away, to keep men playing childrens games filthy rich who in the end, actually win nothing, but large sums of money for themselves and corporate sponsers. I sorry folks but I don't understand this mentality?
As for coin collecting, yes, it will affect our buying power and what we plan on purchasing or collecting. I know, as it has already affected me and my family. Will it affect prices on the market, I think eventually it must, but will have to wait a while longer to see any impact. Could get interesting!

On the other hand maybe the high cost of gasoline combined with the high cost of "sports" & "entertainment" these days will cause more people to stay inside and find inexpensive ways to amuse themselves. Coins can do that. Coin collecting can be whatever you want it to be--as expensive or inexpensive as you want, as simple or as complicated as you want. And your coins won't sound like Brittney mimicking Alvin & the Chipmunks

The major players have already made it clear that they are looking for the highest price americans will pay without decreasing demand, and thats whats up the price will rise until demand drops and then the price will fall slowly to a price where demand begins to pick up and there it will stay !!!

the american people are setting their own price for gas !!! and whats sad is most dont even know it !!!

Will it affect coin collectors, My guess is yes in the short term, but eventually the market will stabilise and continue as normal !!!

Rick

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Originally posted by crystalk64


This is just the beginning as the rich make their move into total domination. Goodbye middle class!

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That may well be reflected in coins. I'm a big believer in fractual theory and America is and has been losing it's middle class. That may be relected in the decline of "middle-class" coins. Those who collect those coins may have to "downsize" to lower grades and more inexpensive coins. BTW, take a look at the subject line in Ferguson's CoinValues commentary: "Demand strong for high, low values."

If fractual theory is correct our little hobby will mirror the big picture of America. America is a very fractured country. We are not very "united" in anything. We are becoming a country of tribes. This, IMO, will be reflected in coins. There won't be any single trend that "unites" the whole hobby. There will be, IMO, *strong* growth and *strong* decay in different areas, going on both at the same time, and for a long time. Coin collecting, just as America, is at the "cross-roads." It can be our golden opportunity to advance coin collecting or we can shoot ourselves in the foot.

BTW, I really have laugh my butt off now at China and Walmart. Ships and aircraft burn enormous amounts of fuel. Might be a future profit problem there....

After reading all the posts for this topic, I certainly agree with everyone. Terry, you are certainly correct.

I figure when I pay my season ticket bill for our local MLB team, I have paid for about two swings of the bat by our first baseman.

What's the answer? First, Go to the polls and vote smart. "Throw the rascals out!" Secondly, boycott. No more season tickets for me. And, I am looking for a bike, or maybe a motorbike. Wish I hadn't sold my motorcycles a few years back.

Also, don't forget who did this to us, and next time you vote, vote smart.

Well I am happy over here in Kuwait, 1 of the largest oil and fuel producers.
Here it's 1.4 USD per gallon.
Pretty lucky!