Coin funds and exchanges….
MrEureka
Posts: 24,428 ✭✭✭✭✭
I'm attending a coin show in Macau this week and just learned about the coin exchanges operating in China. Check this out:
Link Fixed
My initial reaction was the obvious one: This cannot end well.
But could I be wrong? And could something like this work for US coins?
Link Fixed
My initial reaction was the obvious one: This cannot end well.
But could I be wrong? And could something like this work for US coins?
Andy Lustig
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
Doggedly collecting coins of the Central American Republic.
Visit the Society of US Pattern Collectors at USPatterns.com.
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Comments
determined as to the number of shares of stock they receive for that fund ?
Especially for numismatic coins ?
I do see it as an opportunity for the broader public to have accessibility and thus create
wilder swings. ??
I give away money. I collect money.
I don’t love money . I do love the Lord God.
This is also not a real market if the movement can only be limited to a +/- 10% maximum move. I hope all participants lose their money, as they are allowing greed to cloud their judgment. This reminds me of their recent stock market speculation and the epic crash shortly thereafter. I wonder if the government will bail them out
out and out fraud, etc., etc., etc.. Cheers, RickO
I hate to say that my view to this is another casino style of gambling table. You put your coins in and get their chips (aka shares). You follow their rules to gamble (aka trading shares). These trading are self-regulated so that no insurance is behind the trades. You take your own risks. r
If the fund manager takes the coins and runs away, your share will become toilet paper unless you could find a sucker to pay you cash to take over your shares.