Message:

<p>[QUOTE=&quot;GDJMSP, post: 809233, member: 112&quot;]Sorry Cody, but your system has so many holes in it that you could use it for a net.</p><p><br /></p><p>You see, there are just too many conditions that must be met in order for coins to be considered a good investment. Of course something similar can be said of just about any investment. But otherin vestment vehicles don&#039;t have as many conditions to meet. I&#039;ve said all this before, many times and the folks here have read it many times. But for your benefit, and newer members, I&#039;ll repeat it yet again.</p><p><br /></p><p>First and foremost for coins to be a good investment you have to have a very large degree of luck - good luck. That&#039;s because as with any investment, timing is everything. You have to buy at the right time and you have to sell at the right time. Miss either one and you lose. For illustrative purposes of what I mean by this, take a look at this chart - </p><p><br /></p><p><img src="http://www.pcgs.com/images/graphs/twenty10graph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><br /></p><p>Now that&#039;s the 20th Century coin index for 10 years. As you can see, you have a 2 year (out of 10) window that you could have bought those coins and had them be a good investment for you. Buy at any other time in that 10 years and you are losing money on your investment or breaking even at best.&nbsp; Those are not very good odds. What&#039;s potentially even worse is that the market shows no signs that it&#039;s going to stop its downward path. So it is still possible for everyone to lose.</p><p><br /></p><p>Here&#039;s another, the Morgan and Peace dollar index for 10 years - </p><p><br /></p><p><img src="http://www.pcgs.com/images/graphs/mpeace10graph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Boy Howdy ! - talk about timing being the issue. There&#039;s a yo-yo chart for you. You may as well flip a coin trying to decide when to buy and when to sell.</p><p><br /></p><p>So OK, I know, you&#039;re going to tell me next that you aren&#039;t that you aren&#039;t promoting those types of coins. You&#039;re promoting the modern bullion issues, and only those in the very top grades - MS/PF70. Well, that&#039;s all well and good. Except for one thing. You see I&#039;ve been around long enough to remember where those coins were priced in the past. And ya know what - today&#039;s prices are down about 50% from where they were in the past. I wish I had a chart to show the progress, it would be almost straight down.&nbsp; </p><p><br /></p><p>That&#039;s right, again that nasty timing thing rears its ugly head. Buy at the wrong time - sell at the wrong time - and lose half your money. That&#039;s a wonderful investment opportunity - where do I sign up ? Heck I&#039;ll take 2 of everything <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p><br /></p><p>Now either you already know all of this or you don&#039;t. But if you don&#039;t, then you shouldn&#039;t be in the business you are in. And if you do - well, I&#039;ll let folks draw their own conclusions on that count. But I know what mine is.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in