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<p>[QUOTE="10gary22, post: 1481112, member: 23626"]Although the question was directed at the OP, I am going to answer. Gambling or gaming is done in many various forms. Some buy stocks or PMs, some purchase real estate and leverage the equity. I admit that I have attempted to do all of the above and have lost great amounts of money in each of them at one time or another. </p><p><br /></p><p>It's absolutely awful to buy gold at $700 an ounce and need to sell it at $325, or to buy 10,000 shares of a stock at $40 only to see it fall to $15 in a year. Or to find that the property valued at $400,000 cannot be given away for free and taxes still need to be paid.</p><p><br /></p><p>Honestly, my greatest return on an investment has come from legal sports bets. But as with everything else, you do your homework, research, take the wisest option and hope for the best ! Although, I shun horse racing (19% vigorish), Craps (1.47%) Blackjack (2.3%) and Slots (15%) for entertainment only. Sports betting, one can allow the Casino book to take their fees. You only need to beat the spread 52.4% of the time to break even. When you manage to have a 60% season record or better, you can afford hobbies like numismatics.</p><p><br /></p><p>Life is fraught with danger, and we all "gamble". And when people gamble, someone will lose. We've seen how an entire nation can lose by banks gambling with their depositor's money. But to assume the OP will lose is a defeatist attitude. There are those who do profit. But don't think it's easy. To succeed at anything generally requires a lot of effort. Even Rock Stars constantly rehearse. There are professional gamblers, just as there are people who make a living at medicine, or education, construction, on and on. The OP may have bought these coins for speculation too, and it was time to sell. Not everyone loses.</p><p><br /></p><p>Just sayin'</p><p><br /></p><p>Gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1481112, member: 23626"]Although the question was directed at the OP, I am going to answer. Gambling or gaming is done in many various forms. Some buy stocks or PMs, some purchase real estate and leverage the equity. I admit that I have attempted to do all of the above and have lost great amounts of money in each of them at one time or another. It's absolutely awful to buy gold at $700 an ounce and need to sell it at $325, or to buy 10,000 shares of a stock at $40 only to see it fall to $15 in a year. Or to find that the property valued at $400,000 cannot be given away for free and taxes still need to be paid. Honestly, my greatest return on an investment has come from legal sports bets. But as with everything else, you do your homework, research, take the wisest option and hope for the best ! Although, I shun horse racing (19% vigorish), Craps (1.47%) Blackjack (2.3%) and Slots (15%) for entertainment only. Sports betting, one can allow the Casino book to take their fees. You only need to beat the spread 52.4% of the time to break even. When you manage to have a 60% season record or better, you can afford hobbies like numismatics. Life is fraught with danger, and we all "gamble". And when people gamble, someone will lose. We've seen how an entire nation can lose by banks gambling with their depositor's money. But to assume the OP will lose is a defeatist attitude. There are those who do profit. But don't think it's easy. To succeed at anything generally requires a lot of effort. Even Rock Stars constantly rehearse. There are professional gamblers, just as there are people who make a living at medicine, or education, construction, on and on. The OP may have bought these coins for speculation too, and it was time to sell. Not everyone loses. Just sayin' Gary[/QUOTE]
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