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<p>[QUOTE=&quot;GDJMSP, post: 122721, member: 112&quot;]That was one of them longnine, I was also thinking of the MERRILL LYNCH RARE COIN FUND started in 1990. You are correct, they were not technically ETFs as the term didn&#039;t even exist then, but the principal was the same. The fund managers bought a basket of coins and profit or loss was based entirely on whether or not the value of the coins in that basket increased or decreased from the point in time where you bought them. There were a couple of others as well. They all failed miserably and most folks lost a bundle. </p><p><br /></p><p>Not long ago they tried to revive this idea by allowing people to purchase shares in such a fund for their IRA accounts. If I remember correctly the idea was not approved. Lucky thing for those who would have undoubtably invested in it. For the coin market is no different than any other market in one regard - it goes up and it goes down. But the coin market is much more fickle as it is almost entirely dependant on popularity instead of economic trends &amp; policies.</p><p><br /></p><p>Bottom line - investing in coins is not a good idea and the big money folks know this since they&#039;ve been burned before. They&#039;re not likely to do it again.[/QUOTE]</p><p><br /></p>

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