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<p>[QUOTE=&quot;medoraman, post: 1218709, member: 26302&quot;]Well if you look at the last 10 years you have looked at the greatest period you could possibly choose in the history of PM. Like most small investors there is a strong prediliction to &quot;chase returns&quot; meaning look at the near history and base your investment decisions on that. This is simply dangerous.</p><p><br /></p><p>Put it this way, you go into a store and a blouse is price $100. Now, a few weeks later it is priced $150. Do you grab them and want to buy three? Same scenario, but the blouse is $50. Do you throw your head up in disgust and say I will not buy it at any price? This is what small investors tend to do. I am a garbage man, liking to buy things people are bored with and not interested in. I bought my silver at $4 or less in the 90&#039;s when everyone thought it was a stupid idea. Today I invest in stocks people are bored with. That is &quot;investment&quot;.</p><p><br /></p><p>Buying PM can be an investment. Buying coins is a hobby. There is simply too much of a buy/sell spread unless you are a dealer to make much money investing in coins usually. Your St Gauden&#039;s price premium will go down and down as gold goes up, making it better, if you are just investing in gold, to have bought simply pure gold and not a MS64 coin. </p><p><br /></p><p>Buy coins for culture, history, enjoyment. Buy stocks, bonds, real estate, and PM for investment. I know its very hard to get stuck in the middle, many are, but in the middle is kind of the worst of both worlds. If you like PM but kinda like coins, buy intersting coins at bullion value, items like circulated WL and Franklin halves, mercury dimes, ASE, etc. You can still &quot;collect&quot;, but only be into the coins the silver investment. </p><p><br /></p><p>Also beware of &quot;key&quot; coin investing. Same as before talking about PM investing, &quot;keys&quot; have gone up dramatically, but that doesn&#039;t mean they will continue to. People buying them BECAUSE they have gone up may be buying a $150 blouse that will go on sale tomorrow. If you want to invest in rare coins, you can, but to me rare coins are coins that are truly rare, not 1916d dimes or 1914d pennies. Most of my &quot;common&quot; ancient coins do not exist in 1/10th the numbers these &quot;rare&quot; American coins do.</p><p><br /></p><p>Hope this helps,</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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