Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Sorry about previous post...that was the cat.
"My grandmother bought every uncirculated & proof set issued from 1960 to the 1990s thinking she was investing in my education....that I would go to college on them. Not even close. Nearly all are only worth face value (albeit a little bump for pre 65 silver). Given the time value of money, she lost about 75% of her investment"
It is completely baffling to me why anybody who goes into a retail store or pays retail prices for stuff ever thinks they are investing, whether it be First Day Covers which are virtually worthless after you have written your address on it, or coin year packs or a new automobile.
If you want to invest in something, anything, but something which is scarce, in demand and has a history of steady sale prices.
0-r-t===0000000000000000000000
“That doesn’t mean to say people don’t put value on them, because they can have extrinsic value."
Meanwhile someone who inherited a stamp collection wrote "my great aunt willed me her extensive stamp collection a few years ago(50yrs worth). I went to a few coin/stamp shows and got a universal response from dealers, they are worth the face value if uncancelled. Virtually zero if cancelled. This includes special editions and covers.
Regrettably the same is true of coins for the most part. My grandmother bought every uncirculated & proof set issued from 1960 to the 1990s thinking she was investing in my education....that I would go to college on them. Not even close. Nearly all are only worth face value (albeit a little bump for pre 65 silver). Given the time value of money, she lost about 75% of her investment"
https://c.newsnow.co.uk/A/1078598574?-:
No intrinsic value to bitcoins
More lies from Pearls, Governor of B of E did NOT say Bitcoin was worthless, perhaps you should stick to stamps, which are after all only worth what somebody will pay for them, if there are no buyers then they are worthless, much like SGI shares as nobody wants to buy them in quantity at the moment, not even Pearls. Why not one has to ask?
It's true most of the links posted are from a long time ago, but this is due to the fact there is not much recent information on SGI. Not my fault no one is talking about the company.
Fully agree Carp. Articles dredged up from 2011 - 2014 obviously deal with old issues that were dealt with years ago.
The Guvernor of the Bank of England wisely advised and reminded everyone recently that Bitcoin investment is worthless. Perhaps all those nursing bad losses on that rubbish should invest in stamps and coins - things that are real, and actually hold their values over the years.
The links from Lunq are all very old and legacy issues around investments have been resolved.
The adage never buy into something you don't understand applies to stamp investing as well as crypto investing and most other investments as well. People who post on these message boards are mainly advanced investors who have some understanding what they are investing in.....most people who rely on so called expert advice do not.
Stanley Gibbons has been accused of misleading marketing:
https://www.telegraph.co.uk/finance/personalfinance/investing/8582410/Investors-warned-off-stamp-collectors-promise-of-rich-returns.html