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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: isopatch who wrote (90973)5/17/2001 4:59:38 PM
From: chowder  Read Replies (1) of 95453
 
Iso! >> Real estate, antique cars, numismatic coins, art, and other "hard assets" like hi quality Persian and Turkish oriental rugs also appreciate in value <<

Speaking of numismatic coins, I used to be a numismatist. I worked in a coin shop in downtown Boston, for free - no wages. I talked the dealer into letting hang around and help out just to learn the business. I was 16 at the time.

I used my paper route money to buy old US coins, uncirculated and proof conditions. He would sell them to me just above his cost. I had a nice collection going until the late 70's when gold went to $800 per ounce and the Hunt's tried to corner the silver market.

I sold most of my collection at hugely gross profits. I was dumb and immature at the time. I spent the money. Party hearty was the call of the day at that time and party hearty I did.

An interesting tidbit from my working experience at the coin shop, they used to take rolls and rolls of coins each year that were freshly minted and place them in the vault. Twenty years later you have uncirculated coins that are now worth some jingle.

How's that for offsetting inflation?

dabum
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