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Coins, Collectibles and Boomers
Fri, 18 May 2007
Are coins a good investment, a good hobby, or could they be both. The International Herald Tribune looks at trends Baby Boomers are making in relation to investing and collectibles:
Back in the late 1970s - when the world last witnessed spiraling oil prices, out-of-control commodities inflation and U.S. hostilities in the Middle East - some financial gurus were advising investors to gather portfolios of hard assets like stamps, jewelry and gold coins (remember the Krugerrand?) and head for the hills.
Thirty years later, against a similar macroeconomic backdrop, prices of a variety of collectible items are again moving up smartly. But this time the market is driven less by paranoia and more by personal passions, fueled by a trading environment that runs 24/7 and by a wave of cash from the new well-to-do. These investors, if you can call them that, are less interested in how much money they can make - many have already piled it up at their day jobs - than in having something they value. read more...