Time for a total hypothetical sisutation. Would you accept new "investor" money even if y

TheLiberator

...going to eventually crash the hobby? Let's say "investors" become interested in coins again the same way they were before the last big crash. Let's say there are investing companies setting up coin funds, people who have never even heard of Saint Guadens before are now buying nbunches of them, stupid money is being and prises are rising for coins that aren't even that rare.

What if one of these new "investors" comes to you and want's to plunk down their life savings on coins as an investment. What do you do?

One of the new reps for a public coin collecting investment fund tells you they want to invest a bunch of peope's money in coins...AND that he doesn't really care what kind of coins they are?

AValde

You answered everything:

> stupid money

> plunking down life savings.


The answer is a BIG NO !

kieferscoins

I would warn them but if they insist it is a dealers job to sell coins.

I'd sell it to them.

Cameron Kiefer

BAJJERFAN

If I had coins to sell and they [meaning investment managers] were willing to buy I would sell to them.

I would never buy into such an investment nor would I advise anyone else to.

MrEureka

If the person comes to me for advice, they get honest advice. If the person comes to me for coins, they get great coins at today's prices. If they come to me for advice AND coins, I will not hesitate to kill my own sale.

And for the record, new money cannot "crash the market". Only sellers can do that.

Conder101

You can give advice but if the investor/broker/whatever is bound and determined to sink the money into coins then yes you go ahead and sell to them. They are going to do it with someone and the eventual market fallout will be the same whether you make the sales or someone else does, so it might as well be you.

Oh and it CAN'T crash the hobby, even if the market goes way up or if it then crashes through the floor. The investor and the speculator can get burned and fall away, but the hobby will just continue right along.

poorguy

If the person comes to me for advice, they get honest advice. If the person comes to me for coins, they get great coins at today's prices. If they come to me for advice AND coins, I will not hesitate to kill my own sale.

Couldn't have said it better myself.

JoshL

<< <i>...going to eventually crash the hobby? Let's say "investors" become interested in coins again the same way they were before the last big crash. Let's say there are investing companies setting up coin funds, people who have never even heard of Saint Guadens before are now buying nbunches of them, stupid money is being and prises are rising for coins that aren't even that rare.

What if one of these new "investors" comes to you and want's to plunk down their life savings on coins as an investment. What do you do?

One of the new reps for a public coin collecting investment fund tells you they want to invest a bunch of peope's money in coins...AND that he doesn't really care what kind of coins they are? >>



If you have to ask then the answer is prob no. You are the one who has to sleep at night. If this is something that you believe to be an ethical question then perhaps you already have your answer. They may or may not be a right answer. Again this depends on your ethics.

I for one like to sleep at night But my ethics are not the same as yours...and yours will not be the same as the next person. Everyone is different and has a different opinion.

Again...if you have to ask then you prob already know the answer.