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<p>[QUOTE="Heliodromus, post: 8320957, member: 120820"]Yes, he's evidentially using the label "collector" as applying to anyone buying coins, regardless of motivation (as opposed to, say, "investor/speculator" vs "collector"). I guess anyone who is willing to follow advice on what to buy - open to anything as long as it's a good deal - are by definition NOT the "I know what (series) I want to buy, and I'm taking it to the grave" group!</p><p><br /></p><p><br /></p><p><br /></p><p>Well, he (Aaron) does make this "two types of collector" (fun vs investment) categorization (@ 29:20 in the podcast) and Mike seems to affirm his view as the same with his comments @ 34:00. Most of the discussion is of course about the service he offers to his (apparently) primarily opportunistic/return-sensitive clients.</p><p><br /></p><p><br /></p><p><br /></p><p>He seems to want to have it both ways ... CYA by advising customers not to get into coins as an investment, and that returns can not be guaranteed, yet bragging about clients who are up by following his purchase advice, and opining that one CAN in fact invest in coins for profit... by behaving like a dealer in terms of what you choose to buy.</p><p><br /></p><p>Of course a dealer doesn't make money by speculating or investing in coins - hoping to make a profit via market prices rising. They aim to make profit by taking advantage of market inefficiency and buying below market, then reselling ASAP.[/QUOTE]</p><p><br /></p>
[QUOTE="Heliodromus, post: 8320957, member: 120820"]Yes, he's evidentially using the label "collector" as applying to anyone buying coins, regardless of motivation (as opposed to, say, "investor/speculator" vs "collector"). I guess anyone who is willing to follow advice on what to buy - open to anything as long as it's a good deal - are by definition NOT the "I know what (series) I want to buy, and I'm taking it to the grave" group! Well, he (Aaron) does make this "two types of collector" (fun vs investment) categorization (@ 29:20 in the podcast) and Mike seems to affirm his view as the same with his comments @ 34:00. Most of the discussion is of course about the service he offers to his (apparently) primarily opportunistic/return-sensitive clients. He seems to want to have it both ways ... CYA by advising customers not to get into coins as an investment, and that returns can not be guaranteed, yet bragging about clients who are up by following his purchase advice, and opining that one CAN in fact invest in coins for profit... by behaving like a dealer in terms of what you choose to buy. Of course a dealer doesn't make money by speculating or investing in coins - hoping to make a profit via market prices rising. They aim to make profit by taking advantage of market inefficiency and buying below market, then reselling ASAP.[/QUOTE]
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