OUCH!

Don't have any idea how they "figure" inflation.

Gas Prices since 08 UP big time
Food Prices UP
Building materials Way UP, just go buy a piece of 1/2" OSB- $8. a year ago $18. TODAY
Health Insurance UP
Everyone now has a "fuel surcharge"
Resort Fees more common than ever
Doctors visit UP for me


I can't think of one thing that I use on a regular basis that is not up this past year.

Just got back from the coin dealer. Picked up some rolls of Silver Eagles. The guy was nice enough to ask if I wanted to wait around for an hour or so because this guy was coming down and buying enough off him to where he was going to have to open up a new box. This was good because I knew that way none of the coins could have been gone through. Maybe I'll get lucky and get some 70's out of it when I get them graded.

Ray

The inflation rate is positive. It would have to become negative for overall prices to decrease. This a fundamental concept to understand.

As for gasoline prices in 2008, you might be interested to learn that the United States and the rest of the developed world suffered a massive economic crash that year, causing demand for gasoline (and other goods and services) to plunge. For a nation like ours that produces so much gasoline, the return of demand is another sign of our recovery.

Ray, could you elaborate a bit on this?

I’m showing my ignorance here, but I guess I’ve always assumed that bullion coins like silver Eagles have little or no numismatic value because they’re not rare or historical, so that even in pristine condition (MS70) they wouldn’t command much of a premium over spot silver. If that were the case, it wouldn't be worth the cost of having them graded. Not true?

Any comments would be helpful. Thanks.

The prices of all these coins have gone down with the drop of the price of silver. When the price was in the low $30 range, the MS-69 coins were valued in the high $40 range. The MS-70's were in the high $50 low $60 range. From what I've noticed in the last few years is that once all the big coin dealers have sent in all the coins they are going to grade for the year and they have an almost total number of coins at each grade level, then the price is pretty well set. Another variable is how many of each graded coins they know are out there. Some years a higher number of coins carry the 69 and 70 grades. Prices for these coins are lower. Some years the numbers are lower and the price for these coins are higher.

I used to have a lot of silver coins that I collected back in the 70's. I sold them off when silver went through the roof and made quite a hunk of change. I really didn't get back into coins till I was bored one night watching TV and came across one of those coin shows. I didn't really know that silver had gone back to the upper $30 range (this was a few years ago) and I started getting back into it. If anyone has any more knowledge on the subject, feel free to comment. I don't mind learning something new.

Anyway I look at it, with the price of silver so low right now, I really can't go wrong. I just wish I had a couple grand free right now. I'd buy as many as I could.

Ray

I can think of things I use on a regular basis that have not gone up this past year.

Gallons of milk haven't gone up.


Loaves of bread haven't gone up.

Jumped the gun a little.... Silver down another $1.02 today, a 5% drop. Oh well.

Ray