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<p>[QUOTE=&quot;World Colonial, post: 2412715, member: 78153&quot;]I don&#039;t consider coins &quot;investments&quot;.&nbsp; Same applies to stocks, bonds and commodities.&nbsp; All of them are a form of speculation.&nbsp; It is possible to realize a gain from the change in value but there is no distinctive difference between them.&nbsp; No value is created and even in the case of stocks, its actually a piece of paper with little (and in some instances no) connection to a real underlying business.</p><p><br /></p><p>If you are not interested in coin collecting, you shouldn&#039;t buy coins.&nbsp; Like other speculative assets, its possible to make a profit by trading them but most aren&#039;t widgets which means that its easy to find out you didn&#039;t buy what you thought you did and lose money, even if prices aren&#039;t otherwise declining.&nbsp; Very few have any liquidity which means that transactions costs are high and so are buy-sell spreads.</p><p><br /></p><p>The other general comment I will add is that practically all asset classes today are either historically absurdly overpriced or not remotely cheap.&nbsp; Stocks, bonds, real estate and presumably the most widely bought collectible fields have been vastly inflated by the current asset, credit and debt mania which is the greatest in the history of human civilization.&nbsp; Ultimately, I expect all of them in the aggregate to be huge financial losers.</p><p><br /></p><p>Some commodities are relatively cheap (since most have crashed subsequent to 2011) but its impractical to own most of them except in &quot;paper&quot; form which still makes the holder subject to counterparty risk.</p><p><br /></p><p>To my knowledge, the US coin market is bifurcated where a low percentage of the most expensive coins have done reasonably well but most have been &quot;dead money&quot; since at least 2008.&nbsp; A disproportionate percentage of coin &quot;investment&quot; funds seem to be and have been put into the highest TPG graded and expensive coins and I doubt there is even one I would buy as a speculation because the risk-reward trade off is unlikely to justify it.&nbsp; I would still buy it as a collectible if I wanted it, could afford it, didn&#039;t mind holding it indefinitely and didn&#039;t potentially mind losing some or much of my outlay but this is a different consideration entirely.</p><p><br /></p><p>Coins are ultimately a luxury item and since I expect most people to become poorer or a lot poorer over the indefinite future, longer term I concurrently expect most of them to lose value, at least measured in constant value.[/QUOTE]</p><p><br /></p>

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