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<p>[QUOTE=&quot;Marshall, post: 1461835, member: 21705&quot;]This is a never ending topic.</p><p><br /></p><p>In my honest opinion, &quot;investing&quot; has lost it&#039;s meaning. It was originally intended to be limited to an enterprise for the sole purpose of making money. It has now been expanded to anything we spend money on which might make a profit at some point. </p><p><br /></p><p>Houses are for living in. They are not an investment unless you are in the business of building, selling or renting houses. When everyone was being sold the manure about houses being investments because inflation causes houses to rise in price over a long time, we changed our spending behavior. Everyone started putting as much as possible into their house and drove housing prices up beyond it&#039;s utility as a place to live. Then the housing bubble exploded and the investments failed. Now houses are again approaching their real value (if the government would stop propping up prices for INVESTORS) as simply a place to live. They never lost their utility for that purpose. But there are few new small houses for families just starting out like there were after WWII because speculation changed the market from utility to investment.</p><p><br /></p><p>Now I simply say this because coin collecting is a hobby which gives the old coins some utility as a collectable. But investors have changed the market because the utility of collectables went up. In seeking to capitalize on this, they are sewing the seeds of their own failure because after investor money stops propping up the prices, they will discover that many of the collectors which give the coins their utility will have been driven out of the market.</p><p><br /></p><p>Back to the opening remark. That 1798 Bust has far fewer collectors seeking it and far more investors seeking it. If you finally get rid of the collector with money, the bubble will burst and these excessive prices will plummet. Perhaps at that time, younger collectors will be drawn back into the hobby. Right now a game box is a far better &quot;investment&quot; for kids.[/QUOTE]</p><p><br /></p>

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