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Fed Print Money Again, Should We Buy More Coins?

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netscape's Avatar
United States
29 Posts
 Posted 09/13/2012  4:29 pm Show Profile   Bookmark this topic Add netscape to your friends list Get a Link to this Message Number of Subscribers
I guess mint will increase the price soon.

How do you think about it?

Moved by Forum Mom from Modern US coins forum to Main Coin forum.
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Captain Morgan's Avatar
United States
620 Posts
 Posted 09/15/2012  9:34 pm  Show Profile   Bookmark this reply Add Captain Morgan to your friends list Get a Link to this Reply
I would think with the rise in gold an silver seems to be headed north also
The mint will raise its prices pretty soon
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smokeriderdon's Avatar
United States
3755 Posts
 Posted 09/15/2012  10:06 pm  Show Profile   Bookmark this reply Add smokeriderdon to your friends list Get a Link to this Reply
YESYESYESYESYESYESYESYESYESYES
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Earle42's Avatar
United States
10034 Posts
 Posted 09/15/2012  10:22 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
They are bound and determined to ruin us aren't they?
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
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stewart's Avatar
United States
1126 Posts
 Posted 09/16/2012  09:46 am  Show Profile   Bookmark this reply Add stewart to your friends list Get a Link to this Reply
The following is just my Humble Opinion

Absolutely YES!!

The more currency they print, The less value the currency has.
In turn the more that coin collectors are going to have
to pay for even common date coins with Silver and Gold in them.

As a side subject of study to my Eisenhower dollar Studies.
I became fascinated with the fundamentals of Silver and Gold
a few years back. And from the things that I have learned
I have been working diligently on completing any and all
sets of coins that I believe that I may want that contain
Silver or Gold.

People, I believe will become shocked in the not too distant future
at how much even common date coins will cost.
Due to their Silver and Gold content
Edited by stewart
09/16/2012 09:55 am
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Shirayasha's Avatar
United States
141 Posts
 Posted 09/16/2012  6:14 pm  Show Profile   Bookmark this reply Add Shirayasha to your friends list Get a Link to this Reply
i like your opinion stewart, and I agree it is a possibility, if only one thing were to exist more prominently in the near future, more coin collectors in this field. And more people who give a care about numismatics and actually educate themselves of what coins have silver in them.
Im 19, and I bet less than 1% of my peers know what coins have silver in them. It takes less then 30 seconds to find out which coins have silver, but I feel like some people just dont care.
Lets hope that coin collecting becomes more main stream
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mdpmedia's Avatar
United States
3546 Posts
 Posted 09/16/2012  10:48 pm  Show Profile   Bookmark this reply Add mdpmedia to your friends list Get a Link to this Reply

Quote:
The more currency they print, The less value the currency has.


I will do my best to stay politically neutral with my comments.

What's going to happen to the US economy seems pretty straight forward to me.

The fed is now aggressively attempting to prop up the economy by lowering interests rates which is analogous to printing more money: an extremely inflationary measure.

The 200+ upward move in the Dow last Friday, 9/14/12, was a direct result of this recent fed action. These gains in the Dow are all fluff or window dressing in my humble opinion.

Investors in stocks will unfortunately soon have a rude awakening in the next six months or so when company's earnings do not live up to investor expectations.

Over the last several years the US economy has essentially been stuck in neutral exhibiting negligible growth as a result of business owners' reluctancy to invest in new endeavors because of the unknowns regarding taxes( ie the fiscal cliff this Dec 2012) and political outcomes etc.

Now here is the spin on the precious metals' angle in relation to the Dow.

As US interest rates tank to historic lows all commodities like precious metals and basic staples should continue their recent meteoric rise making everything more expensive to procure.

When essential raw materials become more expensive to acquire small businesses (the primary and most important core of the US economy) will conversely suffer by experiencing higher operating costs.

These higher operating costs will force business owners to cut back on hiring new employees resulting in further declines in US employment and overall declines in the US economy.

So in summary the end result should be higher silver and gold prices no matter what course of action is pursued because either:

1) the US economy will have tanked so low that the continual printing of money and 16 trillion dollar + deficit http://www.usdebtclock.org/ has necessitated further inflationary stimulus measures or

2) another political party (unnamed in order to comply with CCF directives) changes the current fiscal direction to one where business owners feel a greater motivation to hire more workers which consequently stimulates the US economy resulting in higher productivity and naturally higher inflation or

3) Iran and Israel engage in a nuclear World War III, a type of event which has historically forced investors to flock into gold and silver etc. for safety and preservation of capital.

This is only my opinion but I feel reasonably sure that investing in metals is at least appropriate in today's current economic climate.

mdpmedia
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1967Canadapenny's Avatar
United States
965 Posts
 Posted 09/17/2012  11:31 am  Show Profile   Bookmark this reply Add 1967Canadapenny to your friends list Get a Link to this Reply

Quote:
FED print money again, should we buy more coins?

Of course silly, you should ALWAYS buy more coins
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