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<p>[QUOTE=&quot;Owle, post: 1766158, member: 22004&quot;]I have come to the conclusion that without many specific examples of success and failure in any given field, broad principles or theories become hard to understand.&nbsp; &quot;Buy the book before you buy the coin&quot;.&nbsp; A good principle but which book? Will the reader get the right one and be able to access the information to make the right decision as he/she enters the marketplace?&nbsp; In most cases I seriously doubt it.&nbsp; In the world of sales, biases, tainted motives by advice givers, in many cases those who buy collectibles or other things probably will not get the information they need by ordering a book where street smarts and lots of specific case by case examples of success and failure are not provided for edification and warning.</p><p>&nbsp;</p><p>Here is one example on a friend in Ohio.&nbsp; What was his background?&nbsp; An artist in Mennonite country in the Millersburg area.&nbsp;&nbsp; So he inherits a half million or so and looks around for investment advice.&nbsp; Like many in farming country he was skeptical of Wall Street and investing in that insider racket.&nbsp; So he was talking to some older men and they were advising coins and precious metals as investments.&nbsp; He starts calling around to coin magazine promoters, I&#039;ll spare some of the names, one was Blanchard which specializes in catering to high end customers.&nbsp;&nbsp; He lost a bundle with them.&nbsp; He got into precious metals, had high six figures in platinum at one point.&nbsp; Then he connected to Monaco/Monex where he bet the bank on futures contracts, one was based on silver going up 50 cents or so, where he would make a bundle if it performed in the short term as he speculated.&nbsp; Well, he lost pretty much everything; the sad thing was his wife, daughters and mother were living on his land and were all badly effected by this investment decision.&nbsp; I could give many, many examples, probably more of failure than success as for every &quot;success&quot; story there are usually many more on the other side of the ledger.[/QUOTE]</p><p><br /></p>

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