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<p>[QUOTE=&quot;medoraman, post: 1129039, member: 26302&quot;]I wouldn&#039;t say that John. Conventionally investment is buying revenue producing things, (stocks, bonds, land, real estate, REIT, etc), with some predictions as to future performance. Education, if done to facilitate a better job, could also be viewed as such. Speculation is typically viewed as buying non-revenue producing assets at current market rates on the assumption that their value will rise in the future because of some cause. I do not think he is trying to be personal.</p><p><br /></p><p>I would view all commodity buying as speculation, in that it is not revenue generating. I speculate, I speculated heavily when I bought my silver 20 years ago. There is nothing wrong with it, and it has its place in a balanced portfolio. I would even label my library as speculative to the extent I value its sale price over the knowledge I gain.</p><p><br /></p><p>If that is not what Cloud meant I apologize, and will let him speak. That is simply how I view the differences between investment and speculation, with no perjorative meaning implied to the word speculation.[/QUOTE]</p><p><br /></p>

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