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<p>[QUOTE="GDJMSP, post: 936511, member: 112"]Funny thing about investments, unless you really know what you are doing there is no such thing as a good investment - none. The very word investment means that there is a gamble involved. And as with any gamble - there is a good chance you will lose. You might lose part of your money, or you might lose all of your money. Or - you could get lucky and make some money. And regardless of how much you know - you still <u>need</u> that luck.</p><p><br /></p><p>Now all of this is true of any investment vehicle, I don't care what it is. But when you single out coins, they are probably one of the worst investments you can think of. Why ? Because there is so much more you have to know about coins, and there is great deal more luck required to have your investment show a profit.</p><p><br /></p><p>So since any investment is a gamble, you have a much better chance of showing a profit by learning how to play craps and going to a casino with your money than you do making money with coins. And I am dead serious about that.</p><p><br /></p><p>If you put it into percentages, with craps the house has 1.5% advantage. That is the lowest house advanatge of any casino game.</p><p><br /></p><p>With coins - you have a 50/50 chance of losing, and that's if you know a great deal about coins.</p><p><br /></p><p>Which one would you rather gamble on ?</p><p><br /></p><p>Collect coins because you like them, not because you want to make money on them, because odds are - you won't.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 936511, member: 112"]Funny thing about investments, unless you really know what you are doing there is no such thing as a good investment - none. The very word investment means that there is a gamble involved. And as with any gamble - there is a good chance you will lose. You might lose part of your money, or you might lose all of your money. Or - you could get lucky and make some money. And regardless of how much you know - you still [U]need[/U] that luck. Now all of this is true of any investment vehicle, I don't care what it is. But when you single out coins, they are probably one of the worst investments you can think of. Why ? Because there is so much more you have to know about coins, and there is great deal more luck required to have your investment show a profit. So since any investment is a gamble, you have a much better chance of showing a profit by learning how to play craps and going to a casino with your money than you do making money with coins. And I am dead serious about that. If you put it into percentages, with craps the house has 1.5% advantage. That is the lowest house advanatge of any casino game. With coins - you have a 50/50 chance of losing, and that's if you know a great deal about coins. Which one would you rather gamble on ? Collect coins because you like them, not because you want to make money on them, because odds are - you won't.[/QUOTE]
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