Skip to main content

Community Voice Response: Dec. 17, 2019

From the Nov. 22 Numismatic News E-NewsLetter

Would you ever own “paper” (non-physical) gold? Why or why not?

Here are some answers sent in from our E-Newsletter readers.

 

No.

Ron Brown
Oroville, Calif.

 

I would never buy paper (non-physical) gold.  I would be afraid more paper than gold could be sold.  I want to be able to hold the product in my hand.

Johnny Widener
Lincolnton, N.C.

 

No, I would not have paper gold. I’m more hands-on. I would want physical gold only such as a coin, bar, etc.

Montague Bakasy
Address Withheld

 

Any collapse, be it housing or monetary, could happen swiftly. Look at our $22 trillion national debt. What if lenders lost confidence in the dollar and asked for payment in full? Would you want to cash in your paper gold for the real stuff while everybody is trying to redeem theirs? I think not.

Horst Seeley
Manchester, N.H.

 

No paper gold. If/when the zombie apocalypse or other global disaster hits, nobody will take the paper gold and you won’t be able to get to your physical gold. Hold your gold.

Sean Moffatt
Oklahoma City, Okla.

 

The post Community Voice Response: Dec. 17, 2019 appeared first on Numismatic News.

Comments

Post a Comment

Popular posts from this blog

Stack’s Bowers Galleries to display the Cardinal Collection Educational Foundation tribute to Benjamin Franklin’s Libertas Americana medal

Hover to zoom. Santa Ana, CA (December 19, 2020) — Stack’s Bowers Galleries is pleased to announce that it will display an incredible tribute to the Libertas Americana medal, assembled by the Cardinal Collection Education Foundation, at the upcoming Florida United Numismatists Convention in Orlando, January 9-11, 2020. The display, centered around one of the most beautiful and important medals struck in American history, will be found at the firm’s bourse tables 420-422. Back by popular demand, this collection drew dozens of interested collectors at the ANA convention in August and will be enjoyed once more by those attending this year’s FUN show. Following decisive victories at Saratoga and Yorktown, Benjamin Franklin wrote to the United States Secretary of Foreign Affairs Robert Livingston: This puts me in mind of a medal I have had a mind to strike… representing the United States by the figure of an infant Hercules in his cradle, strangling the two serpents; and France by that ...
Post a Comment
Read more

Community Voice Response: Jan. 1, 2020

From the Dec. 13 Numismatic News E-NewsLetter What are your numismatic resolutions for the new year? Here are some answers sent in from our E-Newsletter readers.   One of my numismatic resolutions is to do what I can to make sure coin collector’s concerns are represented and NOT deep-pocket businesses. Ron Brown Address Withheld   My resolution is to encourage everyone in the world to never again buy from the U.S. Mint, considering the 2019-S Enhanced Reverse Proof fiasco. Steve McGowan Algonac, Mich.   First, I want to pay for the coins I purchased in 2019. Secondly, I want to pre-order my 2020 silver eagles graded. Merry Christmas to all! Timothy Kenyon Mechanicsburg, Pa.   One of my resolutions is not to end up with 20 2020 ASE’s in different holders/OGP/signatures as I did in 2019. Donovan Hamilton Address Withheld   We want to bring the enjoyment of the hobby to as many young people as possible and to keep the future of numismatics brig...
Post a Comment
Read more

Letters to the Editor: Nov. 12, 2019

War in the Pacific ‘W’ Mintmark I was in the self-checkout at Walmart four weeks ago here in Mt. Vernon, Ill., and received a little bit of loose change for my purchase. I didn’t check it until I got home and was very surprised to find a War in the Pacific with a “W” mintmark. I’m just wondering if it’s something that I should send in to one of the grading companies. In other words, would it be worth more later on by doing so? I understand that it’ll cost at least   $30.00 to do so and also heard that “in the raw” is only worth maybe $25. I   hope to hear a reply. Name and address withheld   In Response to Richard Giedroyc’s Commentary I politely disagree with erudite and longtime numismatic colleague, Richard Giedroyc, whose Numismatic News story, “Get Rich” Promotion Wrong Angle for Healthy Market Growth,” was critical of a recent CNBC story entitled, “People have been making up to $100,000 off ‘coin hunting.’” He doesn’t think the hobby will benefit with an a...
Post a Comment
Read more