The Importance Of Physical Assets

Fact is, including cash interest earned, no broadly and steadily invested asset has outperformed the stock market over the last hundred years.

A professional investment advisor a long time ago told me:
"As a general rule of thumb, about 5% of your investments should be in an area that you personally understand, such as
artworks, stamps, coins, bullion or antiques. (excluding your home)

The biggest single physical investment that most people make is the home that they own and live in. Just before we married, I sold a substantial coin collection as deposit to get into our first mortgage. Paid that off in 7 years at a time when inflation was running at around 10% annually.

He gave this advice when we were young marrieds. This led him onto the best advice of all.
He said:
"Kiss your wife sweetly every night before you go to sleep and make sure that she she knows she is loved".
He said that I should adopt this as a mantra, if I want to or not.
He admitted that the biggest losses of all are made in divorce. He was speaking from experience.

Gold is fiat money. It's value is only what we give it. It has no intrinsic value either. Other than a few industrial applications, it's useless. It's pretty, easily worked into jewelry, and that's about it. You can't eat it, drink it, wear it or get shelter from it. In it's pure form you can't even make a useful tool out of it. Yes, it can be exchanged for useful "physical assets", but ultimately it has as much value as a paper dollar - the value we assign to it. As "real money" it might as well be cowrie shells. These are my thoughts every time the topic of "fiat" versus "real" money comes up. But I'm very simplistic.

First and foremost , a completely paid off house is paramount .
Then zero consumer debt .
Everything else falls into place after that .
Then invest invest invest in SOLID companies that pay
Dividends .
Never have more than 5 per cent in PM s and don't think of
Numismatic coins as an investment.

I would too like to thank the forum creators and the people who keep this wealth of knowledge flowing everyday.

As a young lad myself, time is in my favor, so I try to buy my coins and precious metal smart. With the little funds that I have to spend on coins and precious metals, I try to think of the long term. I enjoy doing research what coins are undervalued and also have good long term potential.

I have been trying to collect a little bit of everything in these first few years of my journey. Everything from a Dansco Type Set to a 500 morgan/peace dollar goal. I have been dialed in to a Capped Bust half dollar date run, and I am assuming this will take at least a couple of years to assemble a nice, original set.

One of the best parts of having physical assets and a coin collecting hobby is that it bring many enjoyable social experiences. I am currently building a collection with my grandfather, and we like to visit coin shows and share our latest purchases over text and facetime. I am excited to be a grandfather myself one day, and to share the neat coins and history that comes with the hobby.

Even though the exclusion of silver coinage and silver certificates from circulation meant the dollar was no longer redeemable with silver in 1964, U.S. currency was still under the gold standard. On August 15, 1971, President Nixon officially removed the dollar from the gold standard. Meaning up until that point, there was one dollar in gold possesed by the government for every paper dollar in circulation, even though they couldn't be redeemed for each other. So, under the definition of "fiat money" the United States dollar have been fiat money since August 1971.

" Gold is Fiat money" Gold is a commodity. Fiat money is a government issued currency not backed by a commodity such as gold.
I totally agree with Pacificoin but in my neck of the woods (Asia) gold plays a prominent position in most peoples savings.