The Simple Facts About Gold, Rare Coins, Inflation And The Dollar
Mar 29, 2020
Posted by LCR Coin
After all you only had a perceived profit on a monthly statement, not in real money. So now, while your paper statement reflects profit, and before the profit disappears, take some of that paper profit out of the stock market and put in something else before you lose it. Gold, like bullion gold coins are good. Gold Eagles or other monetized gold coins add privacy like all money because Gold Eagles have a face value that means it is just like a dollar bill. When you turn Gold Eagles into paper money that is like giving someone a twenty dollar bill for two ten dollar bills. No reporting required. Even better is the upper end of the rare coin market in U.S. Coins. Rare coins are known as Private Portable Wealth. The rarest like early dollars or early gold from our first years coining our own money, 1793 into the early 19th century are at the top of their market. Other coins throughout all years of minted U.S. money that are “better date” coins or coins that few examples exist are also performing very well. Remember an early dollar from our first years might be worth $100,000 in a very transparent and recognizable market, but, it is money, it is still a dollar, so it is Private Portable Wealth. If you had a collection of rare coins that you accumulated as legacy wealth, meaning for the next generation. When you pass, that collection is handed to your heirs with no estate tax or earnings event. This is one of the reasons so many wealthy people add rare coins to their portfolio. Diversify when and where you can. Do not leave all your eggs in any one basket. If you add rare coins to your portfolio you will find learning about them is a fun and rewarding hobby. Buy Rare Coins from LCR Coins. Call us at 800-830-5578 or email us at info@lcrcoin.com to find out more.