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<p>[QUOTE="midas1, post: 1294243, member: 21309"]I suppose it's possible for a very knowledgeable person to start buying coins or currency as a long term investment and make some money. OTOH, that same person could take the same amount of money, using the same consistent investment schedule, and make significantly more on traditional investments. (somehow avoiding the Wall St fraudsters) In 2008 or 2009 I posted a similar question to yours in CoinTalk re: gold coins as an investment and took about 80% of the sound advice offered in the replies. Through blind luck I've done OK, eg, 1924 $20.00 Saint Gaudens gold coin NGC MS 63 for cheap, 2009 St Gaudens UHR for $1,189.00 that's worth around three thousand today and several other gold coins that have significantly increased in value. A few days ago I ordered five American silver eagle anniversary sets for $1,505.00. They're are worh around $3,000.00 now. Probably all of these coins will significantly decrease in value when the price of precious metals takes a dive. Of course, there was one piece of advice I didn't take that would had made me some big money. </p><p><br /></p><p>Another poster, DesertGem?, suggested TD Ameritrade. I don't think anybody investing in individual stocks can to better than a free TD Ameritrade ROTH account with no charge DRIP reinvestment feature which includes a free annual statement. A stable 4% - 5% or more dividend reinvested for 15 or 20 years would fatten that account nicely over 15 - 20 years. </p><p><br /></p><p>Good luck.[/QUOTE]</p><p><br /></p>
[QUOTE="midas1, post: 1294243, member: 21309"]I suppose it's possible for a very knowledgeable person to start buying coins or currency as a long term investment and make some money. OTOH, that same person could take the same amount of money, using the same consistent investment schedule, and make significantly more on traditional investments. (somehow avoiding the Wall St fraudsters) In 2008 or 2009 I posted a similar question to yours in CoinTalk re: gold coins as an investment and took about 80% of the sound advice offered in the replies. Through blind luck I've done OK, eg, 1924 $20.00 Saint Gaudens gold coin NGC MS 63 for cheap, 2009 St Gaudens UHR for $1,189.00 that's worth around three thousand today and several other gold coins that have significantly increased in value. A few days ago I ordered five American silver eagle anniversary sets for $1,505.00. They're are worh around $3,000.00 now. Probably all of these coins will significantly decrease in value when the price of precious metals takes a dive. Of course, there was one piece of advice I didn't take that would had made me some big money. Another poster, DesertGem?, suggested TD Ameritrade. I don't think anybody investing in individual stocks can to better than a free TD Ameritrade ROTH account with no charge DRIP reinvestment feature which includes a free annual statement. A stable 4% - 5% or more dividend reinvested for 15 or 20 years would fatten that account nicely over 15 - 20 years. Good luck.[/QUOTE]
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