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Posted in these groups: 
Winter
Winter
Posted >1 y ago
Responses: 4
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This New Green Marxist Socialism sucks! This "Great Reset" is an utter disaster, with runaway inflation, a Biden-induced inflation heading us toward a recession, an artificial Biden-created shortage of gas and oil, and, thanks to another Biden program, greatly increased taxes.
This brave new Bidenflation World will be great this winter, with food shortages worldwide, natural gas and oil shortages worldwide, and soaring inflation worldwide. Just follow the Democrat-Socialists and vote for more taxes, less freedom and less food. It's scary when cabinet secretaries openly talk of limiting free speech if it counters their "correct" narratives.
As a lifelong coin collector I urge you NOT to go to some commercial gold sales company and buy a bunch of modern gold coins as a means of "saving your investments". If you buy gold coins from one of those companies for $1000 apiece, what happens when you need some money down the road? The odds are VERY good that you will lose 20% or more when you try to sell it back. You'll be in for a shock.
Those modern gold sales companies are NOT going to pay you 100% of your coin's value, they cannot afford to do that. They have salaries to pay, buildings to maintain and they have to buy coins from the Mint or from collectors and heirs who find themselves with coins from a late relative. They need to make about 30% on a transaction to keep things running. So, buyers pay a premium price, and sellers will recoup a discounted price. If you want to buy precious metal coins, buy from an ethical dealer and seek the best quality rarity you can afford. Buying modern gold coins is a great way to lose a LOT of your "investment money".
This brave new Bidenflation World will be great this winter, with food shortages worldwide, natural gas and oil shortages worldwide, and soaring inflation worldwide. Just follow the Democrat-Socialists and vote for more taxes, less freedom and less food. It's scary when cabinet secretaries openly talk of limiting free speech if it counters their "correct" narratives.
As a lifelong coin collector I urge you NOT to go to some commercial gold sales company and buy a bunch of modern gold coins as a means of "saving your investments". If you buy gold coins from one of those companies for $1000 apiece, what happens when you need some money down the road? The odds are VERY good that you will lose 20% or more when you try to sell it back. You'll be in for a shock.
Those modern gold sales companies are NOT going to pay you 100% of your coin's value, they cannot afford to do that. They have salaries to pay, buildings to maintain and they have to buy coins from the Mint or from collectors and heirs who find themselves with coins from a late relative. They need to make about 30% on a transaction to keep things running. So, buyers pay a premium price, and sellers will recoup a discounted price. If you want to buy precious metal coins, buy from an ethical dealer and seek the best quality rarity you can afford. Buying modern gold coins is a great way to lose a LOT of your "investment money".
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Inflation, that's the name of the game, and each generation faces the same.
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