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Mid Sept. issue . 2008,

 

 

Well, well, how about this crazy economy?

The current house of cards that we call our “financial system” is tumbling. The present list of banks and financial firms that are going under is a “who's who” of the industry. These are the same firms that until very recently, have been promoting their strengths and staying power everyday on TV and in print. Now it seems as if no firm, however big they may be, is safe.

As I’ve been saying for years, "true rare coins are one of the safest places to diversify your assets ". It is a proven fact, and if you go back and research over a long period of time, you will see that this is so. Plain and simple, rare coins have never “gone to ZERO” and exceptional rarities have never tanked in value.

On the other hand, stocks and mutual funds are sad examples of how you can lose all of your money without even trying. It is a sad commentary on our society that this can happen to our hard-working population.

Now, I’m not saying that coins are the answer to all our financial problems, as diversity is key. Do your homework and deal only with reputable Rare Coins dealers. If you do this one thing, you will in my opinion, be in a much better position to safeguard your assets.

All investments have some sort of risk factor, but in my humble opinion, rare coins are not like the stock market. To me, the stock market is like the biggest "Casino" type gamble in the world. Clients get talked into investments that they shouldn’t be in by brokers putting fat commissions before due diligence. The unproven results alone are a huge gamble. Pretty sad and scary, isn’t it?

I leave you with that.

 


Our very best to you, Dave Albanese coinace@aol.com
Dean Albanese Dean@coinace.com
Bonnie Sabel Bonnie@coinace.com

David C. Albanese - President
Albanese Rare Coins Inc.
www.COINACE.com