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<p>[QUOTE=&quot;medoraman, post: 1574108, member: 26302&quot;]I would say that even 1.3 to 1.8 million Americans are &quot;serious&quot; coin collectors is too high a figure. Be careful with what numbers those in the media through around, frequently they estimate high to help promote their industry. Maybe 1.3 to 1.8 million people know what a red book IS, but I seriously doubt active collectors who read the publications and actively buy coins other than pick a state quarter out of spare change is that high. I would be seriously surprised at half that figure. I have no way of proving it, though, (but don&#039;t think she does either). </p><p><br /></p><p>Regarding ETF funds, I think most people who prefer PM also prefer making sure they physically have it. Many do not trust financial institutions, so why would they trust a ETF fund? Also, holding PM in such a fund is much more expensive for long term holdling of the asset than simply buying bullion and keeping it. I guess I do not see the explosive growth of PM ETF&#039;s from existing PM owners for this reason. I believe ETF&#039;s would be more attractive to non-coin collectors and bullion stackers.[/QUOTE]</p><p><br /></p>

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