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 Replies: 21 / Views: 2,310 |
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Pillar of the Community
United States
1130 Posts |
 Moved from Classic US Coin Forum by Forum Mom
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Moderator
 United States
23522 Posts |
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Pillar of the Community
 United States
1130 Posts |
Metals are down and most of my available funds are tied up in coins I already have or precious metals. Just venting...
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Pillar of the Community
United States
3233 Posts |
Your coin investments (unless strongly tied to bullion) shouldn't be affected, even if the PM market were to crash.
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Pillar of the Community
United States
2049 Posts |
quote:
Your coin investments (unless strongly tied to bullion) shouldn't be affected, even if the PM market were to crash.
Yeah I guess it depends on the mix. If his collection is mainly "junk silver" coins then the value will go up and down slightly on a day to day basis. At least they will never be completely worthless like stocks can become as they will still have their face value. The trick is to hold on for the long term because in my opinion (and many others), silver and gold is expected to go up nicely. Edited by CoinHunter53562
05/05/2008 08:32 am
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Pillar of the Community
United States
1130 Posts |
My key dates aren't affected but I also went on a buying spree on silver, gold and platinum bullion the last few months. I understand the ups and downs and risks involved so that's not the issue. But now that money is tied up, I can't shop for coins anymore and I'm not about to sell the bullion now bacause I see brighter days ahead.
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Pillar of the Community
United States
750 Posts |
Its when you have no vision in front of you that looks bright that you my friend should feel sad.
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Bedrock of the Community
United States
14454 Posts |
its still like $10 dollars a ounce for silver and like $200.00 more for gold higher than it was the last time I bought any precious metals
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Pillar of the Community
United States
1130 Posts |
I think I know what my problem is... I'm addicted to buying ! The hunt for the coin, the bidding (or bargaining), the tension of winning an auction, it's habit forming.
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Pillar of the Community
United States
749 Posts |
Hang in there Sikevo  |
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Pillar of the Community
United States
6326 Posts |
Sikevo............ We ALL have that "urge".......the battle is containing it and making proper well timed and thought out purchases that don't harm your personal budget too drastically!.....  p.s. for those "coin collectors" who've never heard of the word "budget"...it IS located in the Websters Dictionary in the "B" section !.....(that's where I found it !...Ha Ha  )  Edited by eaglefoot
04/10/2008 5:00 pm
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Pillar of the Community
United States
527 Posts |
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New Member
United States
10 Posts |
Coin collecting is an addiction, but you have to be an addict first. Go to the watch forums, or wines, stamps, cameras, furniture, guitars... You will always find similar souls "suffering" from xas, where "x" is the object and "as" stands for acquisition syndrome. How many Leica lenses before the divorce, or where to find that perfect Patek Philippe? I like to, or need to rotate my collecting, so I don't drown in any particular obsession, but I always come back to the ones I love. (And if you know where that watch is...)
Edited by casualcollector
04/10/2008 11:01 pm
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Pillar of the Community
United States
1130 Posts |
Thanks. Glad to know there are people just like me. I feel like I'm in therapy already...  Edited by 1sikevo
04/11/2008 12:42 am
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Valued Member
United States
328 Posts |
Therapy? No, no, that too expensive, just don't do it anymore.
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Pillar of the Community
United States
533 Posts |
 Skip the therapy, spend the money on coins instead. Much more satisfying. Lets just call this 'Group.' |
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Replies: 21 / Views: 2,310 |
Posted 04/10/2008 12:56 pm
