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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2491020, member: 71510&quot;]Gold was an investment for me - it is always considered an investment - because you are investing your money in it.&nbsp; Yes, it does hedge inflation - but again this is popular opinion and rhetoric.</p><p><br /></p><p>Gold and silver were *successful* investments this year as well.&nbsp; </p><p><br /></p><p>You should *never* use *always* to qualify any investment - especially based on rhetoric.</p><p><br /></p><p>You should *always* consider the source of anyone that says *never* to any blanket statements.</p><p><br /></p><p>Statements like these and blind following lead to the sheep herd mentality of investing.&nbsp; </p><p><br /></p><p>For those that have followed my exploits the last year, I *invested* heavily in metals over the last year - and am now reaping the rewards.</p><p><br /></p><p>I bought up every piece of silver and gold I could find at or below melt (jewelry, coins, sterling silverware, bars, placer, etc).&nbsp; I moved my dollar cost average down to right around the all time lows of the decade.&nbsp; And I made 5 staggered sales in the last 3 months and realized profit from my *investment* in gold and silver.</p><p><br /></p><p>Let me tell you - far in excess of what the stock market did.&nbsp; Partially because everyone was so busy hating metals - I was able to pick them up far below melt.&nbsp; I hit an auction on Memorial Day weekend where I paid an average of about 65 cents on the dollar for melt value gold and silver jewelry.&nbsp; A fantastic score!</p><p><br /></p><p>Educated decisions, known risk, known reward potential = investment.</p><p><br /></p><p>Now, the stupid thing I did was to buy high value coins.&nbsp; A much riskier investment - but more of a hobby/obsession/fetish?&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Selling over 150 Peace Dollars to buy 1 Peace Dollar should be considered insanity by anyone other than a coin collector.&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie67" alt=":nailbiting:" unselectable="on" unselectable="on" />&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie54" alt=":hungry:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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