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I'm bearish on it, due to history
I've been a coin collector as well as an investor in the stocks. The bottom line is that you have to buy the most expensive of the coins and hold onto them for 20-30 years for a good return. I have a gold St. Gaudiens bought 15 years ago that's worth about $10 more than when I bought it. Adjusted for inflation, it's a poor investment.
Ditto bullion. With the stocks, it's a total gamble. Been there, did that, read (and followed) Thomas Calendra's stuff for years and lost enough at those stocks to have me lose interest in the market sector. If you can buy coins wholesale and tap into the group of people (survivalists) who feel the government will collapse in a few years and the world economy will go down the tubes, you can keep up a consistant business. Coin and jewelry shows can also do well, as can flea markets and so forth. Might work for day trading. If you love the stocks, take a few hundred dollars and (using Buy And Hold or some other DRIP type broker) play with them. But I personally wouldn't sink that much into them. |
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