| Even as Gold Prices rose over $1,176.70 today, in | | | | though: Gold and Silver Numismatic coins are still |
| Detroit News it was announced: Detroit to | | | | very stable. In fact, Banks still allow Gold and |
| demolish neighborhoods. | | | | Silver Numismatic coins to be used as collateral |
| One quarter of Detroit neighborhoods are being | | | | for loans, because they are still true assets - not |
| torn down... The City announced today that nearly | | | | investments. |
| one third of the cities neighborhoods are EMPTY, | | | | An asset has a known value. MANY of us have |
| that is roughly 45 square miles! It is a trend that I | | | | made the mistake of thinking that real estate |
| think will continue in other cities as well... | | | | should be treated as an asset, since its "value" |
| In Florida, entire subdivisions sit empty, slowly | | | | kept going up. The value of real estate is no |
| depreciating and disintegrating due to lack of | | | | better than the value of stocks and bonds. Its |
| maintenance. Houses require maintenance, | | | | value hinges on opinions, fads, location and politics |
| expensive maintenance! | | | | - Risky! If any one of these influences change, so |
| As the fairy tale goes: Once upon a time, real | | | | does the value of your house! You better know |
| estate was the place to put your money. Well, | | | | when to buy and when to sell and do it quick |
| the wolf has eaten little red riding hood, in the | | | | before someone else does - otherwise they will |
| very house her grandmother left to her! | | | | leave you holding the losses! |
| Compare the maintenance of real estate, versus | | | | When buying coins or even gold and silver bullion, |
| the maintenance of gold and silver numismatic | | | | beware of E-Bay! Do not be misled by the E-Bay |
| coins. Compare the appreciation value of a house | | | | vendors selling common un-graded and un-certified |
| vs. coins. Lately, housing has not been doing very | | | | gold and silver coins. |
| well has it? | | | | ONLY buy certified and graded gold and silver |
| I think it is important to compare the Gold and | | | | coins that have been certified by one of the top |
| Silver Numismatic coins that were minted at the | | | | 4 grading services. There are only 4 top tier |
| same time as those houses in Detroit were built. | | | | grading services today. |
| You will discover that the coins are doing MUCH | | | | These are: |
| better at increasing their value. | | | | ANACS - American Numismatic Association |
| You should know that it is not uncommon for | | | | Certification Service |
| rare gold and silver numismatic coins to increase in | | | | PCGS - Professional Coin Grading Service |
| value three to five TIMES! It is not unusual for | | | | NGC - Numismatic Guaranty Corporation |
| that to happen sooner than paying off a 30 year | | | | ICG - Independent Coin Collectors |
| mortgage on a house. | | | | Be Warned: There are DOZENS of non-legitimate |
| The current state of the economy suggests that | | | | grading services on the market! |
| we should reconsider the true value of real | | | | These organizations are sometimes called |
| estate. Real Estate is an investment, not an asset. | | | | basement or garage "slabbers". They are |
| The root word of investment is "IN"! So when | | | | notorious for dramatically over grading their coins |
| you put your money into an investment, be | | | | because the slab them themselves and put |
| aware of what else you may have to put IN to it | | | | whatever grade they want on them. |
| later. | | | | THESE unscrupulous slabbers love eBay! Do not |
| Gold Prices continue to rise so you might think | | | | be their next victim! Learn from the recent |
| Gold is a good investment, but you have to buy | | | | lessons in Real Estate, and start accumulating |
| low and sell high to make a profit. The volatility of | | | | Wealth the tried and true way. |
| the market can make this dangerous. Good news | | | | |