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<p>[QUOTE="Player11, post: 2433853, member: 26725"]Coins can make you money if you successful at buying low / selling high. I retail coins I have had only a few days while others which should have turned quicker linger in inventory. There can be no real reason to it.</p><p><br /></p><p>The current market is in the tank and we are now entering the Summer Slow Season. Bullion prices have been trading in a range. Will it all go up or go down like the 1989 crash? Time will tell. Your serious money should be in financial assets with only a fraction allocated to coins and bullion.</p><p><br /></p><p>We never know how much time we have. A co worker of mine, 5 years my junior passed away 12 years ago (many do not survive long enough to see retirement). Careers can flake out especially due to downsizing, recession, energy price crunch, or simply some jerk manager wants to replace you with his sugar baby, and then age bias. I would not depend on coins as more than a hobby, financial privacy investment, Schedule C tax writeoff, etc. It takes really takes huge money to be a show circuit dealer (traveling all over the country) or open up a shop. I will not spend more than 200-300 on a coin unless its a bullion related coin and the 200-300 is essentially the numismatic portion over BV.</p><p><br /></p><p>Don't assume good times will always re-appear or continue indefinitely.[/QUOTE]</p><p><br /></p>
[QUOTE="Player11, post: 2433853, member: 26725"]Coins can make you money if you successful at buying low / selling high. I retail coins I have had only a few days while others which should have turned quicker linger in inventory. There can be no real reason to it. The current market is in the tank and we are now entering the Summer Slow Season. Bullion prices have been trading in a range. Will it all go up or go down like the 1989 crash? Time will tell. Your serious money should be in financial assets with only a fraction allocated to coins and bullion. We never know how much time we have. A co worker of mine, 5 years my junior passed away 12 years ago (many do not survive long enough to see retirement). Careers can flake out especially due to downsizing, recession, energy price crunch, or simply some jerk manager wants to replace you with his sugar baby, and then age bias. I would not depend on coins as more than a hobby, financial privacy investment, Schedule C tax writeoff, etc. It takes really takes huge money to be a show circuit dealer (traveling all over the country) or open up a shop. I will not spend more than 200-300 on a coin unless its a bullion related coin and the 200-300 is essentially the numismatic portion over BV. Don't assume good times will always re-appear or continue indefinitely.[/QUOTE]
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