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<p>[QUOTE=&quot;troyheights, post: 315223, member: 11271&quot;]The best a general investor (be they retail or professional) can hope to do is speculate in a collectible market.&nbsp; While it is possible Wall Street may once again place its gaze upon the coin market, there are a great many reasons why I think it would little like the 80s; here are two:</p><p><br /></p><p>Collectibles do not have any intrinsic value.&nbsp; Their value is determined wholly by the confluence of popularity and disposable income (anyone want to by a tulip?). To be sure there is some fuzziness at the junction of coin and bullion, but if you spend $20k on a 14-D dime, you are the proud owner of 1.11 cents worth of silver.</p><p><br /></p><p>Collectibles are not liquid.&nbsp; I can execute a 1,000 share stock trade in a few seconds at a cost of $20.&nbsp; Need to sell $50k worth of coins at market price?&nbsp; Perhaps there are places to unload them quickly, but for $20, not so much.</p><p><br /></p><p>While it is interesting to speculate about Wall Street, I think more important question is how many <i>collectors </i>is the hobby gaining or losing.&nbsp; These are the people who create sustainable long term pricing.[/QUOTE]</p><p><br /></p>

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