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<p>[QUOTE="rhoggman, post: 387746, member: 13987"]I do not want to be offensive in any way; however, if you think coins are not a form of investment you are mistaken.</p><p> </p><p>Tell that to the families and individuals who have sold multi-million dollar collections. </p><p> </p><p>As for keeping your money in cash..... My opinion is that holding cash merely gives the goverment a chance to pilfer your wealth.</p><p> </p><p>To me gold and silver is money. </p><p> </p><p>Also, I never suggested that anyone rely on their coin collection for emergencies, or their 401k for that matter, but that is not the point. The point is even a 401k can be liquidated.</p><p> </p><p>One last point... if you think that coin collecting is not a form of speculative investments you are also sadly mistaken, and you are also misleading yourself and others by not realizing that this is the truth.</p><p> </p><p>All you have to do to realize this FACT is to have bought some gold or silver coins in the early 80's and or the late 80's / early 90's. Coin values fluctuate like any other financial/ commodity market. </p><p> </p><p>If you buy, and never sell, you may not care about market fluctuations, but this does not mean they don't exist. </p><p> </p><p>IMO if your collection is worth over 1k it is a type of investment.</p><p> </p><p>Furthermore, coin collecting is many things to many people. You can gain plenty of enjoyment from it, and you can make lots of moeny doing it.</p><p> </p><p>Try to tell all the people on this forum that the many thousands of dollars that they have spent on coins has no intrinsic value whatsoever, and see how they feel about their "investments". Maybe they will get some "collectible bobble-head dolls" instead. </p><p> </p><p>Unlike stocks, fiat money, and collectables, gold and silver are actually worth something. If you don't believe they are investments it's your loss, not mine.[/QUOTE]</p><p><br /></p>
[QUOTE="rhoggman, post: 387746, member: 13987"]I do not want to be offensive in any way; however, if you think coins are not a form of investment you are mistaken. Tell that to the families and individuals who have sold multi-million dollar collections. As for keeping your money in cash..... My opinion is that holding cash merely gives the goverment a chance to pilfer your wealth. To me gold and silver is money. Also, I never suggested that anyone rely on their coin collection for emergencies, or their 401k for that matter, but that is not the point. The point is even a 401k can be liquidated. One last point... if you think that coin collecting is not a form of speculative investments you are also sadly mistaken, and you are also misleading yourself and others by not realizing that this is the truth. All you have to do to realize this FACT is to have bought some gold or silver coins in the early 80's and or the late 80's / early 90's. Coin values fluctuate like any other financial/ commodity market. If you buy, and never sell, you may not care about market fluctuations, but this does not mean they don't exist. IMO if your collection is worth over 1k it is a type of investment. Furthermore, coin collecting is many things to many people. You can gain plenty of enjoyment from it, and you can make lots of moeny doing it. Try to tell all the people on this forum that the many thousands of dollars that they have spent on coins has no intrinsic value whatsoever, and see how they feel about their "investments". Maybe they will get some "collectible bobble-head dolls" instead. Unlike stocks, fiat money, and collectables, gold and silver are actually worth something. If you don't believe they are investments it's your loss, not mine.[/QUOTE]
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