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<p>[QUOTE="medoraman, post: 1710010, member: 26302"]I understand what you are saying sir, but there is one fundamental flaw to any "owning as an investment" plan. What innate value does a collectible coin have other than face value or melt value? None, save for how much some goofy little coin collector, (like me), may wish to pay for his collection. That is the only return, the only demand, the only hope of a profit from such an investment. </p><p><br /></p><p>So, any "investment" in collectible coins is basically a "bigger fool" hope, hoping you can find a bigger fool than you to pay more than you did. That is why fundamentally investing in coins or other collectibles is flawed. To me, "investing" is determining risks, rewards, and buying an asset that has underlying fundamentals of making money. Bonds produce interest and principle repayment, stocks are ownership of a firm that makes money, land can be tilled or trees grown to produce income. </p><p><br /></p><p>Anything without a fundamental money producing aspect to it is really speculation, not investing. Yes, some speculators can make a ton of money, but its still speculating.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1710010, member: 26302"]I understand what you are saying sir, but there is one fundamental flaw to any "owning as an investment" plan. What innate value does a collectible coin have other than face value or melt value? None, save for how much some goofy little coin collector, (like me), may wish to pay for his collection. That is the only return, the only demand, the only hope of a profit from such an investment. So, any "investment" in collectible coins is basically a "bigger fool" hope, hoping you can find a bigger fool than you to pay more than you did. That is why fundamentally investing in coins or other collectibles is flawed. To me, "investing" is determining risks, rewards, and buying an asset that has underlying fundamentals of making money. Bonds produce interest and principle repayment, stocks are ownership of a firm that makes money, land can be tilled or trees grown to produce income. Anything without a fundamental money producing aspect to it is really speculation, not investing. Yes, some speculators can make a ton of money, but its still speculating.[/QUOTE]
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