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<p>[QUOTE="Cloudsweeper99, post: 1153667, member: 3011"]Let me give you an example. Back in the late 90s when tech stocks were in their bubble, there were a lot of people who purchased a package of them and imagined themselves to be diversified. I used to haunt the old AOL investment chat rooms back then and the attitude was pervasive among the believers. But when the crash came, their entire portfolio moved in the same direction at the same time and they were crushed. It was painful to watch. Fast forward to today. If you purchase several different forms of silver and gold, do so because you like them and not because you believe you are gaining some sort of diversification, because you aren't. They will rise and fall together at approximately the same rate at approximately the same time for the same reasons. That isn't diversification. So if someone said that they wanted to buy a variety because they are collectors and liked each individual piece, that's okay. But if investment is the primary purpose, it is only fooling yourself. I know the 90% coins are popular among survivalists, but they really aren't investors in the normal sense of the word. The OP sounds like more of a traditional investor than a survivalist, hence my comment.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1153667, member: 3011"]Let me give you an example. Back in the late 90s when tech stocks were in their bubble, there were a lot of people who purchased a package of them and imagined themselves to be diversified. I used to haunt the old AOL investment chat rooms back then and the attitude was pervasive among the believers. But when the crash came, their entire portfolio moved in the same direction at the same time and they were crushed. It was painful to watch. Fast forward to today. If you purchase several different forms of silver and gold, do so because you like them and not because you believe you are gaining some sort of diversification, because you aren't. They will rise and fall together at approximately the same rate at approximately the same time for the same reasons. That isn't diversification. So if someone said that they wanted to buy a variety because they are collectors and liked each individual piece, that's okay. But if investment is the primary purpose, it is only fooling yourself. I know the 90% coins are popular among survivalists, but they really aren't investors in the normal sense of the word. The OP sounds like more of a traditional investor than a survivalist, hence my comment.[/QUOTE]
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