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<p>[QUOTE="National dealer, post: 24096, member: 487"]Well stated GD. </p><p><br /></p><p>As many of you know, I believe that GD has one of the best eyes for coins that I have ever seen. His passion for obtaining the best examples is evident in all of his coins. </p><p>The best collections, Bass, Epson, Ford and many others followed this same idea. They simply did not pick a coin because it was a high grade, or because someone else thought that it was special. They bought it because it was special to them.</p><p><br /></p><p>Mike Marrotta makes a great point. Collectors who spend their time and money trying to act like investors or dealers are often left on the short end of the stick. </p><p><br /></p><p>This is a business. Simple as that. Those who succeed do so because they take the time to understand how the business works. </p><p><br /></p><p>When collectors look for advice on how the system works, they choose to either follow it or they don't. </p><p><br /></p><p>Many here choose not to heed the advice of the people who know this business. They make up their minds that this is such an easy business, and no matter how many times the answers don't match up the illusion in their minds, they choose not to listen.</p><p>The cold hard facts are this is not an easy business. Many hours are put into it. </p><p>Someone earlier quoted buying pre 33 gold. Well as they do not make post 33 gold coins (bullion doesn't count) that statement leaves a lot to be desired.</p><p>Many gold coins dated prior to 1933 still trade near bullion levels. They have for near a hundred years. What special event is going to happen so that this change? </p><p>Many others speculate that gold and silver will fly to magical levels never seen. </p><p>For those of us that make a living in this market, these wishes and dreams are just that. </p><p>NO dealer in the country is hoarding gold or silver on the off the wall chance that a new Hunt brothers market will take off. </p><p><br /></p><p>It appears that some of you feel that those of us who know the market are trying to spoil the fun or keep something a secret. Well we are sharing what we know because we have a passion for this hobby. We share because we want to share our knowledge with others. We give back a little to a hobby that has given us so much. </p><p><br /></p><p>Take a few minutes to consider why all of us who know the market keep stating DO NOT USE COINS AS INVESTMENTS. This isn't because we don't know what we are talking about.</p><p><br /></p><p>When I look for investments I ask the advice of those who know what they are talking about. The same goes for any major purchase that I make. When I ask advice, I listen to those who know what they are talking about. I do not listen to the casual observer who may get lucky once in a while. I have learned that even a blind squirrel will find a nut once in a while.</p><p><br /></p><p>You can choose to listen to the collectors who have been in this for a very long time, or dealers who make a living in this business, or the casual observer who has the get rich quick scheme in their dreams. Those are your choices.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 24096, member: 487"]Well stated GD. As many of you know, I believe that GD has one of the best eyes for coins that I have ever seen. His passion for obtaining the best examples is evident in all of his coins. The best collections, Bass, Epson, Ford and many others followed this same idea. They simply did not pick a coin because it was a high grade, or because someone else thought that it was special. They bought it because it was special to them. Mike Marrotta makes a great point. Collectors who spend their time and money trying to act like investors or dealers are often left on the short end of the stick. This is a business. Simple as that. Those who succeed do so because they take the time to understand how the business works. When collectors look for advice on how the system works, they choose to either follow it or they don't. Many here choose not to heed the advice of the people who know this business. They make up their minds that this is such an easy business, and no matter how many times the answers don't match up the illusion in their minds, they choose not to listen. The cold hard facts are this is not an easy business. Many hours are put into it. Someone earlier quoted buying pre 33 gold. Well as they do not make post 33 gold coins (bullion doesn't count) that statement leaves a lot to be desired. Many gold coins dated prior to 1933 still trade near bullion levels. They have for near a hundred years. What special event is going to happen so that this change? Many others speculate that gold and silver will fly to magical levels never seen. For those of us that make a living in this market, these wishes and dreams are just that. NO dealer in the country is hoarding gold or silver on the off the wall chance that a new Hunt brothers market will take off. It appears that some of you feel that those of us who know the market are trying to spoil the fun or keep something a secret. Well we are sharing what we know because we have a passion for this hobby. We share because we want to share our knowledge with others. We give back a little to a hobby that has given us so much. Take a few minutes to consider why all of us who know the market keep stating DO NOT USE COINS AS INVESTMENTS. This isn't because we don't know what we are talking about. When I look for investments I ask the advice of those who know what they are talking about. The same goes for any major purchase that I make. When I ask advice, I listen to those who know what they are talking about. I do not listen to the casual observer who may get lucky once in a while. I have learned that even a blind squirrel will find a nut once in a while. You can choose to listen to the collectors who have been in this for a very long time, or dealers who make a living in this business, or the casual observer who has the get rich quick scheme in their dreams. Those are your choices.[/QUOTE]
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