To: Tax-chick
An investment has value and the potential to generate income of itself, not simply because the buyer hopes to sell it to someone else at a higher price. Most of my silver is in collectible coins; I'm a numismatist. For me, it's a hobby and an investment - but not the major part of my portfolio, to be sure.
16 posted on
05/05/2011 8:36:59 AM PDT by
COBOL2Java
(Obama is the least qualified guy in whatever room he walks into.)
To: COBOL2Java
For me, it's a hobby and an investment - but not the major part of my portfolio, to be sure. That's a wise position for anyone buying collectibles of any kind. I think it's reasonable to have a collection - coins, stamps, guns - and expect that you're going to be able to sell some items for more than you paid.
21 posted on
05/05/2011 8:45:00 AM PDT by
Tax-chick
(We learned to be cool from you, JP2.)
To: COBOL2Java
thats what I really want to do once silver comes down...buy a few coins that have collector value and hold them for the grandchildren....any suggestions?
28 posted on
05/05/2011 9:26:10 AM PDT by
cherry
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