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<p>[QUOTE="Randy Abercrombie, post: 3221625, member: 92655"]Two examples that may help when it comes to liquidity and coins.</p><p><br /></p><p>Late 1990’s I made a little money and went about purchasing all the old gold coins I could find. I never could afford gold before and I went a little crazy. Now twenty years later, if I liquidate that gold I will make quite a tidy return. That was simple dumb luck. Nothing more.</p><p><br /></p><p>Now here not too many years ago silver began a sharp rise. Again I got feverish and purchased rolls and rolls of cull Morgan’s and ASE’s. Silver was between $18.00-$22.00 at the time. Well now silver trades in the $14.00 range. Not a very good investment for me. </p><p><br /></p><p>In either instance, I had no way to gauge what would come down the road. And for me it doesn’t matter. This isn’t investment funds for me. Granted if I lost all in some disaster it would offer me a bit of a cushion.... But these purchases for me are set aside for kids and grandkids. So performance isn’t a great concern. But point is, regard coins as a hobby, not an investment vehicle.[/QUOTE]</p><p><br /></p>
[QUOTE="Randy Abercrombie, post: 3221625, member: 92655"]Two examples that may help when it comes to liquidity and coins. Late 1990’s I made a little money and went about purchasing all the old gold coins I could find. I never could afford gold before and I went a little crazy. Now twenty years later, if I liquidate that gold I will make quite a tidy return. That was simple dumb luck. Nothing more. Now here not too many years ago silver began a sharp rise. Again I got feverish and purchased rolls and rolls of cull Morgan’s and ASE’s. Silver was between $18.00-$22.00 at the time. Well now silver trades in the $14.00 range. Not a very good investment for me. In either instance, I had no way to gauge what would come down the road. And for me it doesn’t matter. This isn’t investment funds for me. Granted if I lost all in some disaster it would offer me a bit of a cushion.... But these purchases for me are set aside for kids and grandkids. So performance isn’t a great concern. But point is, regard coins as a hobby, not an investment vehicle.[/QUOTE]
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