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<p>[QUOTE="IdesOfMarch01, post: 3699521, member: 39084"]In my entire life of playing golf, I'll admit that I've never met anyone, golfer or non-golfer, who considered golf an <i>investment</i>. I certainly don't. Golf is an activity, like hiking, or traveling, or even gourmet dining, and while the expenditures for such activities are real, the benefits are pretty much intangible and I've never met a golfer who expects a financial return on his/her golfing activities or purchases. </p><p><br /></p><p>Coin collecting, on the other hand, can qualify as both an activity and an investment. </p><p><br /></p><p>If you regard your collection as an investment, you'll be subject to the collecting whims of the current and future tastes of coin collectors, with the concomitant volatility in prices and value if you ever need to liquidate those assets.</p><p><br /></p><p>If you regard your collection as an activity to be enjoyed and make your life richer in an intangible sense, you'll come out ahead no matter how much your collection eventually sells for.[/QUOTE]</p><p><br /></p>
[QUOTE="IdesOfMarch01, post: 3699521, member: 39084"]In my entire life of playing golf, I'll admit that I've never met anyone, golfer or non-golfer, who considered golf an [I]investment[/I]. I certainly don't. Golf is an activity, like hiking, or traveling, or even gourmet dining, and while the expenditures for such activities are real, the benefits are pretty much intangible and I've never met a golfer who expects a financial return on his/her golfing activities or purchases. Coin collecting, on the other hand, can qualify as both an activity and an investment. If you regard your collection as an investment, you'll be subject to the collecting whims of the current and future tastes of coin collectors, with the concomitant volatility in prices and value if you ever need to liquidate those assets. If you regard your collection as an activity to be enjoyed and make your life richer in an intangible sense, you'll come out ahead no matter how much your collection eventually sells for.[/QUOTE]
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