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<p>[QUOTE="rick, post: 19426, member: 1235"]I read the article in the last issue of COINage concerning the removal of rare coin investment from individual retirment accounts.</p><p><br /></p><p>I thought the article was very well written, and interesting because I never knew this could ever be done, but I feel it is rather unfortunate that the option was removed.</p><p><br /></p><p>So I had a few general questions to those that might know more on this subject. Did this tend to inflate the coin market, overall? There's a lot of money in IRA accounts floating around out there, so I image that much money flowing into the market had somewhat of an effect on bullion prices if nothing else. Did the market drop off pretty heavy when they ruled out this option?</p><p><br /></p><p>And, finally, what was everyone's overall feeling on this? Was it a good idea?</p><p><br /></p><p>I thought it appeared like a good idea on the surface, but I could certianly see some inherent flaws. I know a lot of people here think a coin collection is not an investment, but I disagree with that to a certain extent. I think it is an investment, in so much that it has a good possibility to accrue in value - particularly over the long time horizen - like any other stock or market. But like investments, you have to educate yourself about what you are buying, or you will fall on your backside pretty quick, and it never hurts to consult an expert in the field before you make your bigger decisions.[/QUOTE]</p><p><br /></p>
[QUOTE="rick, post: 19426, member: 1235"]I read the article in the last issue of COINage concerning the removal of rare coin investment from individual retirment accounts. I thought the article was very well written, and interesting because I never knew this could ever be done, but I feel it is rather unfortunate that the option was removed. So I had a few general questions to those that might know more on this subject. Did this tend to inflate the coin market, overall? There's a lot of money in IRA accounts floating around out there, so I image that much money flowing into the market had somewhat of an effect on bullion prices if nothing else. Did the market drop off pretty heavy when they ruled out this option? And, finally, what was everyone's overall feeling on this? Was it a good idea? I thought it appeared like a good idea on the surface, but I could certianly see some inherent flaws. I know a lot of people here think a coin collection is not an investment, but I disagree with that to a certain extent. I think it is an investment, in so much that it has a good possibility to accrue in value - particularly over the long time horizen - like any other stock or market. But like investments, you have to educate yourself about what you are buying, or you will fall on your backside pretty quick, and it never hurts to consult an expert in the field before you make your bigger decisions.[/QUOTE]
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