Could you elaborate as to what a good return would be to you and for how many years would you commit to holding these before selling?
At a minimum one would hope to see their investment match inflation which would work out to a 0% return otherwise if you spent $1,000 ten years ago and sold it for $1,000 your return would be about -25%, you would need to sell it for $1,250 just to break even. (Rough estimates)
I’ve posted about this subject in the past. I have done a ton of work on the investment potential on bank notes (not so much coins) and it was not very compelling. Not only was the returns weak but the sheer trouble of trying to sell a $200 notes into a somewhat illiquid market one at a time is hardly worth it.
I personally believe that gold prices are being manipulated to the down side by major central banks in order to encourage people to continue and believe in paper money. (Central banks are printing more and more which in theory devalues it’s worth) If you’re interested in knowing the devastation and effects that can occur with massive printing of paper money take the time to read up about the South Sea Bubble and John Law. There is no reason for gold not to pop to the upside but when gold prices start to reverse their trend upwards many who believe gold will only go up will be left with large loses and when you factor in inflation your talking about having to wait decades to breakeven.
I’ve never been one to believe in the theory of the greater fool which is, Buy high and sell to a greater fool as this very rarely works out. If I had gold and silver coins right now I would be selling them into the large crowd of believers that say gold is going to $3,000 per once.
My vote would be, not a good investment.
Regards,
MG
