Dear 211563-ga;
Thank you for allowing me to answer your interesting question. I was
able to find a number of articles from reputable sources that speak on
the issue of coins as a means of a hedge against tragedy:
?Generally, investors buy gold or silver for one of three purposes: as
an investment, as an inflation hedge, or for survival purposes?If
conditions were to deteriorate to the point that gold and silver
re-emerged as the preferred forms of money, you would want lots of
small coins.?
CERTIFIED MINT, INC
?Gold and Silver for Survival Purposes?
http://certifiedmint.com/y2k-1.htm
?Gold and silver coins are a great hedge against inflation and
economic catastrophe. Everyone should have a cache of both. I prefer a
mix of junk silver coins and bullion and collectible gold coins, but
any combination is better than going without. Accumulate the coins
over time, especially when gold prices are low. Keep the valuable gold
coins in a bank safety deposit box along with the original copies of
all your important legal papers.
These precious metal coins will keep up with inflation, or even beat
it, over long periods of time and insulate you against the ravages of
global, national, or personal economic collapse. As Burt Blumert
reminds us, there are risks to owning gold but "NOBODY ever went to
the Poor House buying gold." For example, the coins could lose value
if the world were to embark into an era of sound money, limited
government, and international peace, but who cares? That would be the
greatest investment loss we could ever incur!?
-- Mark Thornton
TRADITIONAL INVESTMENT STRATEGY
http://www.lewrockwell.com/thornton/thornton12.html
The issue of hoarding some coins for a personal hedge against
potential economical collapse is a favorite recent topic of renowned
funds manager Julian Robertson (who formerly ran Tiger Management, the
world's largest hedge fund). He has spoken about this openly in
various venues such as CNBC and just about anyone else who will listen
to him:
GOOGLE SEARCH: "Julian Robertson" "economic collapse" coins
://www.google.com/search?hl=en&lr=&safe=off&q=%22julian+robertson%22+%22economic+collapse%22+coins
Here is one example:
FULLY INFORMED CITIZENS ASSOCIATION OF AMERICA
http://www.ficaa.com/viewarticle.aspx?id=1196017
Then of course there?s always Alan Greenspan?s take on the matter:
"In the absence of the gold standard, there is no way to protect
savings from confiscation through inflation. There is no safe store of
value.?
--Alan Greenspan
?The above quote is from an article written by Allan Greenspan in 1966
entitled ?Gold and Economic Freedom? in which he discusses the role of
gold as money. Wealth preservation has long been an attribute of gold
and silver bullion, and the reason they have functioned as money for
over 3,000 years. Although prices of gold and silver, in local
currencies, may have fluctuated during both inflationary and
deflationary periods, precious metals have maintained or even
increased their purchasing power in both instances.?
PROTECTING YOUR SAVINGS FROM INFLATION
?Precious metals as a wealth preserver?
http://www.goldline.com/market-news/gold-in-the-news.html?id=79&title=Protecting%20Your%20Savings%20From%20Inflation
Here is excerpt from another excellent article on the subject. This
one from J. C. Lyons:
?America is facing a collapse of unforeseen proportions. Stocks will
be worthless. Corporate bonds will go into default. Loss of confidence
and inflation will cause a flight of capital from U.S. government
securities. Real Estate prices will plummet. The U.S. dollar will lose
its purchasing power. The only investment alternatives remaining will
be items of intrinsic physical worth.
In times of instability, gold and silver have always been a safeguard
for social wealth. An investment at this time in gold or silver coin
would not only safeguard one's wealth, but also provide a time-proven,
risk-free vehicle for wealth enhancement. Central Bank intervention
has kept gold and silver prices artificially low over the past two
decades. Excess demand will create a movement toward true supply and
demand forces that will escalate prices considerably. Gold's value
will also be enhanced by the necessity of the central banks to utilize
its stabilizing ability.?
COLLAPSE OF THE AMERICAN ECONOMY & THE RETREAT TO GOLD
http://www.gold-eagle.com/editorials_99/lyons042499.html
I hope you find that my answer exceeds your expectations. If you have
any questions about my research please post a clarification request
prior to rating the answer. Otherwise I welcome your rating and your
final comments and I look forward to working with you again in the
near future. Thank you for bringing your question to us.
Best regards;
Tutuzdad-ga ? Google Answers Researcher
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