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Which new coin this year (2009) do you think is the best investment?
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<p>[QUOTE="Vess1, post: 517122, member: 13650"]David Bowers says otherwise. Read the first few chapters of The Expert's Guide to Collecting & Investing In Rare Coins.</p><p><br /></p><p> It's just like any other investment. There's a gamble for success or failure. I just don't agree with blanket statements like that. There's plenty of evidence. As I've said in the past, there's a lot of people who could have easily made a fortune investing in coins that have lost it in the stock market. It all depends on where your money was and for how long.</p><p><br /></p><p> Lets face it. One example. People were buying shares of GM stock at 82.00 as recently as Jan. 2000. Now they're worth 2.84. The same people could have played stupid and dumped all of their money into basic ASE's at around 6 bucks a piece and at least be sitting there with double the value today. </p><p><br /></p><p> A guy I work with lost 50% in the stock market on one batch of investments since the 70s on advice from his brokers. He could have bought just about any coins and at least beat inflation, up to doubling or tripling his money or more, since then. But, I'm sure people would have told him he was foolish for buying coins then too.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 517122, member: 13650"]David Bowers says otherwise. Read the first few chapters of The Expert's Guide to Collecting & Investing In Rare Coins. It's just like any other investment. There's a gamble for success or failure. I just don't agree with blanket statements like that. There's plenty of evidence. As I've said in the past, there's a lot of people who could have easily made a fortune investing in coins that have lost it in the stock market. It all depends on where your money was and for how long. Lets face it. One example. People were buying shares of GM stock at 82.00 as recently as Jan. 2000. Now they're worth 2.84. The same people could have played stupid and dumped all of their money into basic ASE's at around 6 bucks a piece and at least be sitting there with double the value today. A guy I work with lost 50% in the stock market on one batch of investments since the 70s on advice from his brokers. He could have bought just about any coins and at least beat inflation, up to doubling or tripling his money or more, since then. But, I'm sure people would have told him he was foolish for buying coins then too.[/QUOTE]
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Which new coin this year (2009) do you think is the best investment?
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