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<p>[QUOTE="10gary22, post: 1330153, member: 23626"]Fine, for what it says. BUT, I have lost a lot of money with gold and never lost a single cent by pulling copper ones from circulation. Silver costs $7.51 an ounce to produce according to the Nevada Mining Assoc. There is a possibility the Silver bubble could burst and leave a lot of people hanging with potential losses. Ditto for gold. But the copper coins, pulled at face will always be worth the initial investment with a greater potential of doubling.</p><p><br /></p><p>The attitude that PM's will continue to increase in value seems to be the same one that people had about houses. However, houses have gone down in value, at least here. We've seen Silver plunge from $40 down to $28 quite recently. Anyone who bought at say $38 and had to sell today would lose at least 25% of their investment. The same person who bought copper cents at 1c can sell them for 1c immediately, losing nothing.</p><p><br /></p><p>Just sayin' that it's not always profits one must consider, but also the minimization of risk. Yes, people can and do lose on PMs. Unless you are finding gold and silver coins in circulation, there is always a chance of losing money.</p><p><br /></p><p>gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1330153, member: 23626"]Fine, for what it says. BUT, I have lost a lot of money with gold and never lost a single cent by pulling copper ones from circulation. Silver costs $7.51 an ounce to produce according to the Nevada Mining Assoc. There is a possibility the Silver bubble could burst and leave a lot of people hanging with potential losses. Ditto for gold. But the copper coins, pulled at face will always be worth the initial investment with a greater potential of doubling. The attitude that PM's will continue to increase in value seems to be the same one that people had about houses. However, houses have gone down in value, at least here. We've seen Silver plunge from $40 down to $28 quite recently. Anyone who bought at say $38 and had to sell today would lose at least 25% of their investment. The same person who bought copper cents at 1c can sell them for 1c immediately, losing nothing. Just sayin' that it's not always profits one must consider, but also the minimization of risk. Yes, people can and do lose on PMs. Unless you are finding gold and silver coins in circulation, there is always a chance of losing money. gary[/QUOTE]
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