Even having this open conversation about it _proves_ that there is no investment opportunity here.
As soon as everyone is doing something, the trend is over.
People make money through 'investments' by selling/promoting them, and fooling people into thinking that
the 'investment' is a good one. Nearly all ideas pushed like this are bad, but not as bad as the bad stuff, so look the best to people.
It only then need a small push in marketing to make them seem positively _good_.
So many people crow in a pub about how much their house is worth, but often, when calculated, taking into account interest, repairs etc,
they all have gone backwards. It's cost you to live there. The unique fact about houses is you can compare that figure to what you would have spent in rent,
and it's worth doing because you have to live somewhere....
Personal pensions are a good idea merely because some money exists at the end, rather than having been frittered away.
Once again, the pension companies take a big whack. You don't actually profit. You were just forced to change your behaviour.
If you do the same with the concept of having bought a coin a month instead of having a pension.
it's easy to find coins that have lost in real terms over 30 years.
Mainly the 'rare' ones that everyone knows. There's the rub- 'everyone knows'.....to make future genuine profit,
takes calculated risk. You hunt down future rarities- what will suddenly become the new variety to look for, before everyone else is.
People can't / don't want to take calculated risks with their money, so they pay other people to do it.
The other people are therefore the only ones making anything.
You don't need coins to live, but to get more than just enjoyment from collecting, i.e. getting a future return requires canny thought,
which nearly always, first up, involves ignoring ALL 'pushed' product. The people selling such coins are the ONLY ones making money out of it.
Every time I get an offer of future riches from someone who wants me to join them in some scheme or other, I always ask them why they don't just do it quietly on their own,
and keep all the profit, rather than giving some away.
Moral? Find your _own_ future rarities at the bottom of a tin of cheap coins. I haven't spent 10% of my collection's current value to obtain it.
That'll do, and I have the fun and satisfaction of the hunt as well, which you don't get from paying other people large markups to sell you heavily advertised stuff.
I could sell all my audio gear I've collected over 30+ years, and make a killing. This would knacker up my future earnings.
If I did that, and I bought loads and loads of coins from the RM or LCA for example, for sure I could do some glorious posting
of the 'look what I've got' variety, but in the long run I'd have a bleaker retirement.
If that's what you enjoy, and you find it keeps you sane and happy, and you can afford it, then fine. Do it.
I know that me drinking different expensive beers and whiskies, and eating different expensive cheeses, ain't gonna make me rich in the future, but I still do it....
"It's a penny for your thoughts, but you have to put your 2¢ in. ............ Some guy's making a penny." - Steven Wright.