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<p>[QUOTE="Cloudsweeper99, post: 59588, member: 3011"]rick,</p><p><br /></p><p>I found your response to be totally correct and insightful, despite the fact that I'm probably more investor than collector. But there is a fairly simple alternative for people of limited knowledge who want to participate -- only buy coins where the gold and silver bullion value is close to the total cost. A new collector can branch out from there as their knowledge and interest grows. This also addresses Speedy's concern about risk because presumably the investor would have a working knowledge of the risk associated with bullion or they wouldn't have looked at coins in the first place. At least this has been my approach so far, and it has been fun. This forum has been terrific for learning because of the patience and willingness to share that most participants exhibit.</p><p><br /></p><p>I would imagine that masses of investors could really create a lot of chaos in the hobby by coming in with little knowledge and throwing big money at certain series, and running the prices up beyond what many hobbyists know in their hearts is correct or are willing to pay. But coins are an excellent and overlooked [by investors] hard asset class that could be near the start of something big. The next 10 years could be interesting.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 59588, member: 3011"]rick, I found your response to be totally correct and insightful, despite the fact that I'm probably more investor than collector. But there is a fairly simple alternative for people of limited knowledge who want to participate -- only buy coins where the gold and silver bullion value is close to the total cost. A new collector can branch out from there as their knowledge and interest grows. This also addresses Speedy's concern about risk because presumably the investor would have a working knowledge of the risk associated with bullion or they wouldn't have looked at coins in the first place. At least this has been my approach so far, and it has been fun. This forum has been terrific for learning because of the patience and willingness to share that most participants exhibit. I would imagine that masses of investors could really create a lot of chaos in the hobby by coming in with little knowledge and throwing big money at certain series, and running the prices up beyond what many hobbyists know in their hearts is correct or are willing to pay. But coins are an excellent and overlooked [by investors] hard asset class that could be near the start of something big. The next 10 years could be interesting.[/QUOTE]
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