Opinions Please With The Upcoming Recession.

It all depends...there's no standard answer to the best of my knowledge. If people have less discretionary income because they are out of work, or have to spend more on mortgages, etc., that would lessen demand for coins. It could also mean that some people would liquidate some or all of their collections to pay the rent. There are some people who say that coins "never" come down in value, but sometimes the value stagnates for years.

I don't ascribe to that theory. Anything collectible can, and will, go through up cycles and down cycles, depending on supply and demand.

If I had to guess, the market may go up. As the precious metal spot price keeps going up, more and more people may get interested in the hobby. Actually, that was how I got involved years ago. Of course I could be totally wrong, markets very rarely do what it seems like they should.

Well, if the past is any barometer for the future ... you'll see investors unloading high-end pieces creating market saturation and subsequent falling prices (premier pieces excluded). Precious metals will remain where they are or increase (always have been a hedge against inflation). For the collector there may again be opportunity to get those pieces for collections that were previously out of reach.

But hey none of that's going to happen. The government is going to give each of us $600 ($1200 per couple) by summer so that the economy will be saved.

I haven't been collecting long enough to have experienced the 1999-2001 period when things were soft. However, like anything, it's a question of how hard and how long. If the demand drops and some must sell, a correction could occur especially if it takes 3 years to right things and, regardless, there will be some who must sell.. The new stimulus package for business and the lower interest rates could easily keep a recession away. If people spend their $600-$1200 tax rebate, then that will add substantially to the recovery. More likely they will spend it to pay mortgages or credit card debt. Right now, it's a coin flip for the economy and I'd keep an eye out for coin buying opportunities. But, isn't that where we all stand now anyway? :)

Imo, this "newly discovered" recession has been due since 2000, but merely forestalled by excessive liquidity pumped into markets by AG and now BB (thank you,wise and all-powerful Fed). Nobody wants to hear this...but I don't think the true depth of crisis will be known until the next wave of mortgage resets hits homeowners and rebounds to Wall St. Credit-Suisse did a very nice analysis of the reset schedule which you can find online.

If we have an all-out credit/banking panic, do you think credit-crunched homeowners--particularly the fixed-income crowd are going to hold onto collections? Nope--they're going to sell to remain solvent. The same goes for all those bright people who bought bullion at peak prices. So there--is that bleak enough?

Up coming it been here since W (Halibruton)Chaney moved in the oval office.and a new room mate Black water.the USA I was born in a went to war for is now just a company with a elected boss

First, a point: recessions are measured on past economic data, so recessions are rarely 'upcoming.' When you're in one, you're in one, but you don't know exactly if you're in one and when it started until the data are released.

Second, the idea that we were 'overdue' for a recession is more like a self-fulfilling prophecy. The Fed created the environment for recession by hiking interest rates based on the notion that rising oil prices and home values were inflationary. I happen to have extreme disagreement about those principles. The ratcheting up of interest rates did not appear to be based on any logic that I could see. Hiring wasn't really happening and I don't think wage growth matched the productivity gains that usually offset higher wages. There are a lot of other reasons the Fed should have gone much slower with the rate increases, but hey, I'm not the Fed Chairman, so nobody listens to me.

Third and last, the coin market: a deep recession may cause sellers to come out and dump their coins, but they are selling into a strong bull market in gold and silver, so I look for prices on coins to level off generally, but not decline. Also, remember that recessions work differently for different segments of the economy and different levels of the income ladder. A recession may take lots of people down with it, but there will always be people with money looking for opportunities. If the stock market and real estate are tanking, where is that money going to go? I look for people to try to do anything to keep from selling their extreme coin rarities. If you're an antiques, paper, or art collector, you might get a chance to back up the truck though.

All my opinion, so you know, grain of salt and all that.

Just package your coins up, and send them to me Western Australia. We are not taking part in the recession, so they will be safe here.

If the recession gets to bad over there, please feel free to migrate to W.A., we can't get enough workers. Jobs are everywhere.

Steve