Maybe...
I know a lot of people are turning to real physical assets like gold and silver and collectable coins because they don't trust paper investments.
If it gets real bad my piece of paper that says 1 share of McDonald's stock will buy me nothing.
A real gold or silver coin will ALWAYS have purchasing power.
So that could be running the price up on collectable coins.
Most people buy bullion with no collector value but some do turn to collectable coins.
Be careful though. I collect coins and I love them more than anything. If I had to choose between family/love life and my silver I will always choose my silver.
Hold until old!
- Joined
- 14 Mar 04
- Moves
- 213509
When I "played the market" I always made it clear to my "money (not my cash) handler", that when my investments reached a price that I thought was a "good" return, that he sell (sell order). For the most part it served me well. One thing I never did was look at the markets every day as that can cause unnecessary grief.
@great-big-stees saidYes, or drive one crazier than they already are! 😉 I always stayed away from playing markets, you really have to know what your are doing there or someone who you can trust to do it for you. Trouble is I don't trust many people!
When I "played the market" I always made it clear to my "money (not my cash) handler", that when my investments reached a price that I thought was a "good" return, that he sell (sell order). For the most part it served me well. One thing I never did was look at the markets every day as that can cause unnecessary grief.
-VR
-Removed-property for me is duff I bought a buy to let in darlington 10 years back 97 K intrest only mortgage its now in negative equity, also got a small windfall about 12 k put it in an investment portfolio within 12 months it had lost a grand so i drew it out and paid of a chunk of my mortgage.
- Joined
- 06 Nov 15
- Moves
- 41301
@great-big-stees saidPrecisely.
When I "played the market" I always made it clear to my "money (not my cash) handler", that when my investments reached a price that I thought was a "good" return, that he sell (sell order). For the most part it served me well. One thing I never did was look at the markets every day as that can cause unnecessary grief.
Have a profit horizon in mind. When it's met, sell.
Contrarians play the game differently, but don't be discouraged.
Stay the course. Thing long-term.
-Removed-15% is over a 2 year span. Coin prices are moving slightly up in the past 18 months. Inflation is just starting to rear its' ugly head once again and many are getting nervous. I buy mostly on Ebay, winning around 5% of my bids.
This morning I picked up two 2014 Franklin Roosevelt $1 coins, PCGS PF70dcam, limited edition signature series for less than the price of one coin.
If it is not a deal, it is not a deal.