Quote:
Originally Posted by Betonov
That's why I'm keeping my Austria Hungary silver coins.
My father wants me to sell them ASAP, but I'll take the risk that prices might go up
|
Counting on collector's value for coins is for luxurious times only. Once the stuff hits the fan, its all just the material value you get when bartering gold or silver coins, since preferences by collectors then are no currency anymore that anyone bartering for existential goods would accept as long as he is not stinking rich still (and then would be able to drop your price). Collectors' values by experience then play little or no role anymore.
But you could be right for a different reason, since silver, compared to gold, is massively underrated in price.
If they are right and the stock indices go into a dive this year, the gold price will sharply rise. Silver as well, I would think. A crisis in paper moeny is good fior gold and silver, but comes at the growing risk of a gold prohibition. Maybe better invest in porcelain cups indeed.
