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Defunct governments' bullion: A good investment?
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<p>[QUOTE="mlov43, post: 1797916, member: 16729"]<font size="6">In March of this year, an article in the WSJ featured the bullion-coin investment strategy of Jim Rogers, a colleague of George Soros' in years past. Some of you probably saw the article. He's buying North Korean gold commemorative coins. This is what the article said</font><font size="5">:</font></p><p><br /></p><p><font face="Arial">By invest in, Mr. Rogers means he wants to wager against the long-term prospects for the isolated, economically struggling country. He views his purchase as a bet on the collapse of North Korea.</font></p><p><font face="Arial"><br /></font></p><p><font face="Arial">"At some point down the line, North Korea will cease existing as a country. Then the value of the coins will go up," Mr. Rogers said.</font></p><p><br /></p><p><font size="6">My question is this: I know the guy has been investing for a long time, but is the idea that <b>just because a given government ceases to exist, the precious-metal coins it issues will then increase in value</b>?</font></p><p><font size="6"><br /></font></p><p><font size="6">I only ask because I know nothing about bullion investing. I've learned a lot about bullion from others at this forum, so it'd be nice to see others' opinions about this.</font>[/QUOTE]</p><p><br /></p>
[QUOTE="mlov43, post: 1797916, member: 16729"][SIZE=6]In March of this year, an article in the WSJ featured the bullion-coin investment strategy of Jim Rogers, a colleague of George Soros' in years past. Some of you probably saw the article. He's buying North Korean gold commemorative coins. This is what the article said[/SIZE][SIZE=5]:[/SIZE] [FONT=Arial]By invest in, Mr. Rogers means he wants to wager against the long-term prospects for the isolated, economically struggling country. He views his purchase as a bet on the collapse of North Korea. "At some point down the line, North Korea will cease existing as a country. Then the value of the coins will go up," Mr. Rogers said.[/FONT] [SIZE=6]My question is this: I know the guy has been investing for a long time, but is the idea that [B]just because a given government ceases to exist, the precious-metal coins it issues will then increase in value[/B]? I only ask because I know nothing about bullion investing. I've learned a lot about bullion from others at this forum, so it'd be nice to see others' opinions about this.[/SIZE][/QUOTE]
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