Coin Investing For The Long Haul

25 years of gold

http://www.godmode-trader.de/news-e...209287&idc=8

tnwalker, In regards to your question I would have to answer this way. I am a coin collector first and with that in mind I buy with my collection in mind. After a few years (actually over 20) I expanded as my income expanded until I finally reached a point where it was wiser to buy and sell ocassionally to supplement my extra coin cash fund. I buy both the old classics and modern coins. Some do better than others in the short term while for the most part, especially this past 6 years, everything has increased in value due to the great increase of numismatics world wide. I would like to think everything, over the long haul, would be safe but that is NOT the world we live in. I find great comfort looking at my collection, regardless of what series it is, and being able to see and feel history throughout the years. I also find great confort KNOWING where my money went and that it is still RIGHT here with me only in another form. I have bought (and sold) gold, silver, platinum, palladium bullion as well as all the old classics but NOT slabbed nor, what I call, the rish mans investment coins but, none the less, still made money through the years. It really does amaze me that more folks don't collect coins but also realize my good fortune and sometimes bad fortune is all due to constantly eating, sleeping and dreaming COINS. Nothing is better than knowledge so I am reading constantly and making every effort to watch coins just as the rich man watches the stock market. The filthy rich DON'T invest in stocks and let it ride. They play the market and turn their money over and I try to do the same with some of my collection. Other coins in my collection will remain with me until I die. It is a matter of diversity with me, my wife and kids. We try to keep a balance of collectable coins, gold and silver and if anything ever does go south, well we should be covered elswhere. In the end I am still just what I started out as.....a coin collector with an undying love for the hobby who, for the most part, has been very fortunate to be a part of coin collecting and the coin collecting community. If it feels good (at the time) just do it and worry about the profits or losses later my friend!

Added from my personnal analysis package
the price of gold in Euro
Anybody buying in 1999 in Euro would not have done bad at all

You are my kind of person
In Europe long term is at least 5 to 10 years
I worked 23 years for an American multinational
They were only intrested in the actual year

Basically guys it is ALL when you buy and when you sell. Pretty simple yet very complex. I have bought gold, most of the time in 1/10 oz. bullion as they are easier to store and transport and if I need a few bucks I can sell what ever amount I need on any given day. The last 5 years have been very kind when you consider I was paying in the $32 to $35 range for those little 1/10 oz. coins and when they reached the $48 to $50 level I decided to sell off a few now and then to put the money into other coins I was interested in. While $16 to $18 bucks profit per coin may not seem like a lot of money it is far better than what the banks would have paid me for saving the same amount of money and like it or not, NO paper trail. I didn't buy it and I didn't sell it because I never owned it or did I? The whole trick is to, if you can, buy low and sell whenever at a profit. It all sounds so simple. It does amaze me that so many folks do just the opposite as they wait for the media to start talking about high gold prices so they run out and buy some while it is HIGH? Lets face it, right now is NOT a good time to be buying gold. Give it a little time for it to cycle back down a bit and then buy. All it will take is one major player to dump a bunch of gold back on the market and the price will come back down. Hey, the major banks have been doing this for years with our money so in the end they have virtually manipulated the market (lawsuits are pending) to their benefit. Gold, to me, is not an investment, but a commodity and a hard asset I can own, control and I have no one to blame for profit or loss other than myself. Just be smart and don't get in over your head. You can call it investing but I prefer the word GAMBLING and believe me when I say everything we do every day is a gamble. Have some fun and spread those extra bucks out on other options, silver, gold, platinum, palladium and most importantly, high grade (when you can) classic coins. Enjoy the hobby and the possibilities that it offers. If I can't be rich I can at least be happy with what I am doing!

Thanks, everyone. Lots of interesting thoughts. I found some good information in the articles section. An article titled "Identifying US coins With Bullish Futures" By Daniel J. Goevert. Is Mr. Goevert a member on this forum? If so, thank you for the article!

I am probably a novice against ageka when it comes down to this.

The question is, what exactly do you want to buy? If you are looking in terms of investing, there cannot be anything more fundenmental than SUPPLY and DEMAND. It is not fair to say that because you spent let's say 1000 dollars for simplicity, on either some old "scarce" coin and some modern "proof" coins, they overall will result to the same. That is a complete failure to understand the fundemental aspects of economics and hence, blinding wasting your money. It could be possible that you might lose money in both, gain in either one, or gain roughly about the same as the two options there. But really, even before you learn to invest in such coins, chances are that such investors don't even know how to handle their coins and thus might ruin their possible "revenue". Often, you get people who think they have got something "antique" and valuable from their grandparents, only to be ruined by their actions of "CLEANING" coins, thinking that like coins should be handled like jewellery. That is a BIG irreversible mistake and it has happened plenty of times.

But really, if you invest in gold, do you really know what the real supply and demand of gold? Gold itself is one "lame" investment options when politics comes down to war - and that is when gold prices go ridiciously expensive and in a sense when you should sell them. When you should buy them, of course any other times other than now. Historically speaking, if you correlate major world events with gold prices, it DOES explain everything. I don't wish to elaborate every single historical pricing aspect of gold pricing...

Really, even before thinking of investing coins as investments, I beg your pardon there and think twice. This is not some paper transaction works where you can just leave things and hope you will reap profits. You will need some "maintence", just like vintage cards I guess.