Would you sell cards to buy gold or silver coins?

[homerunhitter]

I saw this topic on another message board and it seemed interesting, so ill ask. to help as a hedge for inflation, hyperinflation or to protect against a possible declining dollar, do you think its a good idea to sell some cards that you might no longer want in your collection and use that money to invest/buy us american eagle silver dollars or us gold coins? pretty much flipping sports cards for us gold/silver coins. thanks

[Peter_Spaeth]

Diversification is always a good thing in my opinion. I don't know about the doomsday scenarios where gold sells for multiples of what it sells for today, but I think it's a reasonably good place to put a bit of money. If you buy older coins there is also a collecting aspect.

[ClementeFanOh]

Considering that you are asking strictly as an investment safeguard, yes-

Trent King

[bnorth]

I recently went the other way. I sold gold to buy some silly rare cards.

If cards are up and gold was down then I would, otherwise probably not.

[pawpawdiv9]

Hi Peter, i seen some of your post on the coin side. Seem like your very knowledgeable.
I had a old CC morgan silver/president kennedy one, still have many half dollars and such.
But as a novice, what coin is a must-have for a beginner/invester?
Others please chime in as well.

[homerunhitter]

thanks guys for your responses. I appreciate it.

Do you guys recommend buying silver coins or silver bars?

Is it better to buy one american eagle gold coin or 50 american eagle silver coins (the approx amount of silver coins you could get for the price of one gold coin)

or should i be buying junk silver coins?

Thanks

[Peter_Spaeth]

Originally Posted by pawpawdiv9

Hi Peter, i seen some of your post on the coin side. Seem like your very knowledgeable.
I had a old CC morgan silver/president kennedy one, still have many half dollars and such.
But as a novice, what coin is a must-have for a beginner/invester?
Others please chime in as well.

Chris coin collecting is extremely diverse, can't really say any given coin is a must have, and much depends on your budget. Certainly the Morgan Dollar is a classic coin, but the values vary wildly depending on date and of course condition.

[todeen]

I'm not a prepper, and I'm not pumping silver. But knowing emergency prep does mean you plan accordingly to where you live. I'm also not saying civilization will collapse. But a govt collapse, currency hyperinflation, or Civil War are all real scenarios that play out across the world, and not just in history books.

Locally, I'm surrounded by anti-govt wackos. North Idaho still has Neo-Nazi skinheads (but now they go by a different name). In Spokane, we elected an anti-govt idiot named Matt Shea who openly professes to want to start a theocracy in Eastern WA and North Idaho called the "State of Liberty." He said these things while in office and won re-election. While in office he joined the takeover in Oregon of the nature reserve. This means I'm surrounded by wackos who believe what he says. He retired from politics, but still is a civic leader. It's people like this who took part in the January 6 riots. If it happened in DC, it could happen locally in Spokane.

Would Spokane collapse if Matt Shea wackos staged a coup in Eastern WA? Probably not. But would the Feds send additional troops in order to protect Fairchild AFB, local dams, federal buildings, etc? Probably. So then what kind of situation am I in with two opposing forces? Would Matt Shea wackos accept the US Dollar as currency? I don't know. But it's likely they would accept silver no matter what.

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[Cliff Bowman]

This is turning into the Covid thread , which I pray is dead and buried.

[bnorth]

Originally Posted by Cliff Bowman

This is turning into the Covid thread , which I pray is dead and buried.

LOL, Jake will show up and bump it back to the top and it will get legs again.

[Republicaninmass]

Originally Posted by bnorth

LOL, Jake will show up and bump it back to the top and it will get legs again.

Just when you thought it was safe to log back into the forums...

[todeen]

Originally Posted by Cliff Bowman

This is turning into the Covid thread , which I pray is dead and buried.

Originally Posted by bnorth

LOL, Jake will show up and bump it back to the top and it will get legs again.

I'll stop posting. I've said enough. That COVID thread was.....

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[bnorth]

Originally Posted by todeen

I'll stop posting. I've said enough. That COVID thread was.....

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The word you left off was AWESOME. Seriously it was beyond amazing to read the views of others.

[Peter_Spaeth]

Originally Posted by bnorth

LOL, Jake will show up and bump it back to the top and it will get legs again.

Surely Dale has more to say on the topic.

[bnorth]

Originally Posted by Peter_Spaeth

Surely Dale has more to say on the topic.

One could only hope.