Message:

<p>[QUOTE=&quot;Vess1, post: 726939, member: 13650&quot;]Any investment is a gamble with varying amounts of calculated risk.&nbsp;&nbsp; If somebody only wants to look at the bad side, then you could argue that every investment is bad and there is nowhere safe to park cash.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp; There are winners and losers in coins just as there have been winners and losers in the stock market.&nbsp;&nbsp; I don&#039;t believe you can claim the entire coin market is a bad investment just like you can&#039;t say the entire stock market is a bad investment.&nbsp;&nbsp; You take a gamble and pick out what you think will do well.&nbsp;&nbsp; It&#039;s all gambling.</p><p><br /></p><p>&nbsp; Doug, how many $1500 Morgans did you buy during that time?&nbsp; How many did anyone you know buy?&nbsp; Did you realize at that time that those prices were crazy?&nbsp; Did a lot of people?&nbsp;&nbsp; From what I understand, the speculators came into the market (just like they have in every other market in the last few years, remember $4/gallon gas??&nbsp; The mortgage crisis?)&nbsp; and jacked the prices unreasonably.&nbsp; It wasn&#039;t real.&nbsp; &nbsp; Collectors didn&#039;t do it.</p><p><br /></p><p>&nbsp; A 1909-S VDB going from $100 to $1500, is real.&nbsp;&nbsp; How do you compare the two situations and say they&#039;re equal?</p><p><br /></p><p>&nbsp; Now, to invest in coins, you would have to be willing to make purchases of stuff that was very nice that you didn&#039;t care about.&nbsp; Because remember, you have to sell at a profit to realize this investment.&nbsp;&nbsp; Not many people want to do that.&nbsp;&nbsp; Nobody wants to sell.&nbsp; </p><p>&nbsp; I would rather have a nice coin to look at that&#039;s holding value and can be passed down to my heirs rather than a wad of fiat currency losing value annually.&nbsp;&nbsp; Just because we&#039;re forced to use it in commerce today doesn&#039;t mean or guarantee it will have ANY value in another 100 years.</p><p><br /></p><p>&nbsp; How can you blame anybody for wanting to get out of cash in any way possible?&nbsp; Be it coins or anything?&nbsp; </p><p><br /></p><p>&nbsp; If you want to do a real test that everybody can do, take a $100 bill and &#039;stick it under the mattress&#039; today.&nbsp; &nbsp; Then buy the nicest semi-key $100 coin you can find, preferably slabbed.&nbsp; &nbsp; Then find a strong company on the DOW and write down how many shares you can buy for $100.&nbsp; &nbsp;&nbsp; Wait 50 years and see what happens.&nbsp; &nbsp; What option of the 3 looks the most promising percentage wise?&nbsp; &nbsp;&nbsp; </p><p><br /></p><p>&nbsp; In 50 years, we know the $100 bill won&#039;t be worth NEARLY as much as you can buy with it today.&nbsp; That&#039;s already fact.&nbsp; Maybe it&#039;ll be equivalent to $20.&nbsp;&nbsp; If it was stuck in a savings account at 1% interest per year it&#039;d be worth $164.46 after 50 years.&nbsp; Which will be equivalent to maybe $30 by that time if we&#039;re lucky!&nbsp;&nbsp; A CD might be a little better but not much considering how ridiculous even those rates have become.&nbsp; Rarely enough to beat real inflation.</p><p><br /></p><p>&nbsp; Now which strong company did we pick that will survive 50 years of changing market conditions and possible corruption from within?&nbsp; Did we win or lose?&nbsp; Did it beat inflation?&nbsp; How&#039;d we come out after fees, capital gains taxes and income taxes?&nbsp; </p><p><br /></p><p>&nbsp; The semi-key coin is now 50 years older.&nbsp; There&#039;s a much larger population of potential collectors.&nbsp; Still collectable?&nbsp; How strong is the hobby? Only time will tell.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in