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Retirement......numismatic coins saved....
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<p>[QUOTE="KSorbo, post: 2413244, member: 56370"]We need to keep in mind that stocks, bonds and bank deposits generate income in the form of interest and dividends regardless of whether or not their trading price increases or decreases. Commodity investments, which would include coins, do not generate income and are purely speculative in nature. </p><p><br /></p><p>Just think about gambling in a casino. If you do it a lot, the law of averages says you will lose, because the rules are skewed toward the house. Coins are a lot like that as you have Ebay fees, dealer commissions etc. working against you. However, if you invest in the economy and the economy is growing 2 or 3 or more percent per year, the rules are skewed in favor of the investor, especially considering that brokerage commissions are a lot lower than the 13% that Ebay takes when you sell something (or more if you sell back to a dealer).[/QUOTE]</p><p><br /></p>
[QUOTE="KSorbo, post: 2413244, member: 56370"]We need to keep in mind that stocks, bonds and bank deposits generate income in the form of interest and dividends regardless of whether or not their trading price increases or decreases. Commodity investments, which would include coins, do not generate income and are purely speculative in nature. Just think about gambling in a casino. If you do it a lot, the law of averages says you will lose, because the rules are skewed toward the house. Coins are a lot like that as you have Ebay fees, dealer commissions etc. working against you. However, if you invest in the economy and the economy is growing 2 or 3 or more percent per year, the rules are skewed in favor of the investor, especially considering that brokerage commissions are a lot lower than the 13% that Ebay takes when you sell something (or more if you sell back to a dealer).[/QUOTE]
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