PM's and the coin market

500Bay · August 2008

Will the free fall of the precious metals markets push the coin market downward?

HIGHLOWLEAVES · August 2008

Greg, IMHO and a BA in Economics from UT Austin way back in 1969.... The US and worldwide recession is truly starting to take its toll. You have had the US $ go down for the last 7 years, Gold & Oil reached all time highs in the last several months in anticipation of roaring inflation. Here in the USA, the thought of rapid inflation seems to be over looked as commodity prices go into the tank. We are feeling the effects of the worst housing market in many years, DJI Average keeps slipping and unemployment rising. All that has to happen is for the public to stop "investing" in rare coins and the coin dealers will be on their knees. No disrespect intended. Let the prices of rare coins become stagnant or decline for a few months and we may have a industry wide decline like the current housing market. If the decline in numismatics does prevail, use the opportunity to secure truly rare coins that will appreciate after the downturn. The average John Doe has probably already turned away from buying coins and is probably having to sell their prized coins to keep paying for their house, car, gas, education, health care......