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<p>[QUOTE=&quot;gbandy, post: 3876166, member: 20695&quot;]I have to say I have been very puzzled when I come across anyone supporting the idea that coins or any collectible can be an investment (lots of authors who are also dealers seem to advocate this quite strongly). In my opinion, an investment should have some kind of underlying value, for example a commercial property: market rents are a known quantity, and maintenance expenses can be accurately estimated, it is reasonable to predict the profitability of a property given the initial purchase price. Of course there is an element of speculation as we have uncertainty about potential periods of vacancy, fluctuation of market rent values over time, etc. However, I would argue that predicting the future value of any collectible is nearly 100% speculative, you&#039;re hoping someone in the future will be willing to pay more than you did at the time of purchase, the only way that will happen is if there is more demand for your coin in the future, and that cannot be predicted with any reliability.</p><p><br /></p><p>My point of view is to enjoy collecting spend what you feel comfortable spending, but don&#039;t use the idea of this as an investment to spend more than you would on any other hobby.[/QUOTE]</p><p><br /></p>

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