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<p>[QUOTE="medoraman, post: 1461434, member: 26302"]While I commisurate with those that may be put into a position to sell, my advice would be to never invest "investment" money in coins to begin with. I spend hobby money on coins. Yes, some day my wife will sell them when I take a dirt nap, but I always put at least 5 times as much each year in investments than I ever would put into coins.</p><p><br /></p><p>I know its hard to invest only in investments and not get drawn in by dealer siren songs that you can own this rare coin you have always wanted, and still be a prudent investor. Unless you know what you are doing, like Paul, most people will lose money in this idea. </p><p><br /></p><p>I still say a hobby should only eve have hobby money spent on it. You should be willing to be able to flush all the money you spend on coins down the toilet and not affect your life. If not, I say you have entirely TOO MUCH MONEY in coins.</p><p><br /></p><p>Of course, this is not including junk PM coins, which can be part of an overall balanced portfolio for PM investment purposes.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1461434, member: 26302"]While I commisurate with those that may be put into a position to sell, my advice would be to never invest "investment" money in coins to begin with. I spend hobby money on coins. Yes, some day my wife will sell them when I take a dirt nap, but I always put at least 5 times as much each year in investments than I ever would put into coins. I know its hard to invest only in investments and not get drawn in by dealer siren songs that you can own this rare coin you have always wanted, and still be a prudent investor. Unless you know what you are doing, like Paul, most people will lose money in this idea. I still say a hobby should only eve have hobby money spent on it. You should be willing to be able to flush all the money you spend on coins down the toilet and not affect your life. If not, I say you have entirely TOO MUCH MONEY in coins. Of course, this is not including junk PM coins, which can be part of an overall balanced portfolio for PM investment purposes.[/QUOTE]
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