Message:

<p>[QUOTE=&quot;GoldFinger1969, post: 3710552, member: 73489&quot;]November said it best, and I say that not as a guy with extensive expertise in <b><span style="color: #00b300">INVESTMENTS like stocks and bonds (which pay dividends/interest and GROW) </span></b>as well as <b><span style="color: #ff0000">SPECULATIONS like gold and commodities and coins/bill/baseball cards (which are speculative based on time and/or PERCEIVED value</span></b>).</p><p><br /></p><p>Look, ultimately I know that <b>the ultimate downside for any bill I buy is the face value of the bill. </b> Unlikely that my SC&#039;s or Gold Certificates or others approach that, but I know the score.</p><p><br /></p><p>Similarly, <b>I can buy a numismatic coin that is 1 ounce of silver or 1 ounce of gold -- those are my floors, respectively. </b> The Morgan Silver Dollar I purchased for $750 can go down a TON even if not to $1 just like that rare MSD in the 1960&#039;s when they found a bunch in a Treasury vault.&nbsp; My Saint-Gaudens can go down as well, as overseas hordes were found in the past. </p><p><br /></p><p>And that &quot;floor&quot; of $19/oz for silver and $1,450/oz. for gold can go lower if the underlying commodity goes lower, too. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>So while I don&#039;t expect it, if or when I purchase a HR Saint for 5-figures, I have to know that if a stash of Gem Mint HR&#039;s is found in some auxilary vault of a European bank and hundreds of MS-65&#039;s and 66&#039;s and 67&#039;s hit the market, the price is going alow lower. </p><p><br /></p><p>Ditto for any other year or mint of Saints in limited high-quality.&nbsp; Imagine what happens if thousands of 1927-D&#039;s hit the market ?&nbsp; Price drops by 80-90%.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /></p><p><br /></p><p>So while it&#039;s unlikely these scenarios happen, they have in the past, and this hobby of ours entails a SPECULATIVE aspect that is different than regular investing which is why the two should be kept separate.[/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