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<p>[QUOTE=&quot;BigsWick, post: 325813, member: 3534&quot;]Bullion was a good, safe investment 3 or 4 years ago. Sure, with hindsight being 20/20, it is rhetorical to say that today. I&#039;m no expert. Having said that, in 2003 I believed that gold and silver were way under valued. An investor feels comfortable claiming that position in 2008 when silver was at $4.50 an ounce back then, watching it close today at $16.49. Gold at $450 an ounce in 2004 was certainly expensive, but today it seems like a bargain when it stands at $910.70. Of course this must be taken into consideration along with a declining value of the dollar versus comparisons made with other major currencies. Nevertheless, tripiling your money in silver or doubling it in gold on paper was once possible, but I&#039;m not so convinced now.</p><p><br /></p><p>I made my moves back when, and today I must live with the decisions I made. In a certain sense I hope the more optimistic prognosticators are correct when they predict $2,000 gold or $60 silver in a few years. Do I feel sorry for YNs and collectors on a strict budget? Of course I do, but I was a YN once, and I had to make some hard and fast choices when faced with collecting on a budget. They will too. It is a cyclical part of the hobby that will always be a consideration.</p><p><br /></p><p>Collectors who genuinely don&#039;t care about increases or decreases in the dollar value of their collections are few and far between. They collect coins for the simple pleasure the hobby offers, and enjoy separating themselves from the speculators who hope to see their collections rise in value, be it due to trends within the hobby or because of spikes in precious metal prices. Their altruism is admirable, but I believe such collectors to be the exception rather than the rule. I&#039;ll go out on what I believe to be a thick limb and say that many more collectors are at least partially driven by potential profit motives.</p><p><br /></p><p>Investing in bullion today has a much greater risk than it did a few short years ago. A safer bet would be to put your money into key or semi-key date coins- Morgans, Walkers, Lincolns, etc. Semi-key gold is my personal preference. It might not seem as sexy as investing in and making a killing off of strictly bullion- bragging rights aside- because it might take you several years more to see the same profit. However, if you are invested in coins with a potentially huge precious metal and numismatic value, you are kind of splitting the difference with gold Double Eagles, Eagles, etc.</p><p><br /></p><p>I wish you luck in whatever path you choose to follow.[/QUOTE]</p><p><br /></p>

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