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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (52577)	6/4/2002 1:25:00 AM
From: habitrail	Respond to of 65232

This whole coin thing has me curious. I believe that coins will appreciate, but is their value more tied to the metallic aspect or to their other aspects? Will those other aspects ebb and flow in sync with the value of the metal? A lot of macro arguments are being used to demonstrate the upside on gold, and so one would say "buy bullion". If you want to avoid assay costs, buy regular coins. But collector coins seem different, if you scratch it, you just lost a grand. How can that tie back to gradual abandonment of US markets and that kind of stuff? Supposedly, the price on a coin can go up because people want to "collect all five" or whatever. That effect seems, to some extent at least, independent of the the underlying metal, which basically sets the minimum scrap value. It seems like investing in coins is like investing in 2 separate, weakly coupled sectors. I think I understand your arguments for being bullish in gold, but I don't understand your arguments for coin collecting quite as well.