Would you sell cards to buy gold or silver coins?

[Peter_Spaeth]

Originally Posted by homerunhitter

I will have to figure out how to get gold then! I was just thinking in a situation where the US dollar collapses (which I personally think it will) it would be easier to Bart (but things) with multiple silver coins vs trying to barter with one gold coin. I appreciate your thoughts on this very much.

Thank you

We've been hearing that doomsday scenario forever. If you really believe it, spend your money stockpiling food water and guns.

[bnorth]

Ny question with gold and silver is where do you sell it? Unless you find another collector willing to pay full value isn't it a loss the second you buy it?

[Peter_Spaeth]

Originally Posted by bnorth

Ny question with gold and silver is where do you sell it? Unless you find another collector willing to pay full value isn't it a loss the second you buy it?

:Like anything else, the idea is that it will go up over time and the gain will offset transaction costs. But there is a huge market for it, it's not hard to sell at all.

[packs]

Why do you have to sell cards to buy gold? To raise the capital or something? It’s typically best to diversify assets rather than convert one into another.

[bbcard1]

I had a touch of the silver bug for a while. Truth is, cards or stocks would have been significantly better investments. I still buy a little silver now and again...an American Eagle with the current year date makes a wonderful baby gift. Were I to make a serious investment, I really prefer Platinum and Palladium at their current price points. Both are exceptional industrial metals and rarer than gold. It is alway important to remember that I am often wrong.

[homerunhitter]

Originally Posted by packs

Why do you have to sell cards to buy gold? To raise the capital or something? It’s typically best to diversify assets rather than convert one into another.

For me personally, I have some cards that dont fit into my collection tastes anymore so im trying to decide , do i sell the cards i no longer need/want and buy other cards that i might need or want or do i sell cards i no longer need/want and use that money to invest in silver or gold.

[Exhibitman]

Now is probably a bad time to buy gold, unless you are a doomsday kind of guy. Per Forbes (Is Gold An Inflation Hedge? 3/10/23):

"Some studies have found that gold can be an effective inflation hedge, but only over an extremely long time horizon of more than a century.

Over shorter periods, researchers found gold’s inflation-adjusted price fluctuates dramatically. Since 1972, the ratio of gold’s price to the CPI has averaged 3.6. The current gold-to-CPI ratio is 6.4. If gold were a simple, reliable inflation hedge, its value would remain roughly constant relative to the CPI."

The price of gold has gone up much faster than the rate of inflation for some time now (up nearly 25% since October), so I would think that it is primed for a series of price drops and little if any gains over the next few years.

[G1911]

Originally Posted by Peter_Spaeth

We've been hearing that doomsday scenario forever. If you really believe it, spend your money stockpiling food water and guns.

+1. If one genuinely believes the currency system fails, then ammunition and non perishable food investing is the way to go.

I predict this will happen about the time that Hell freezes over.

[Peter_Spaeth]

https://www.ebay.com/itm/394491826895