NetNews Usenet Archive 1992 #31/NN_1992_31.iso/spool/rec/collecti/9706

Internet Message Format | 1992-12-24 | 1.7 KB

Path: sparky!uunet!paladin.american.edu!gatech!usenet.ins.cwru.edu!cleveland.Freenet.Edu!ar710
From: [e-mail] (William G. Martin)
Newsgroups: rec.collecting
Subject: Re: COINS: Telemarketers
Date: 24 Dec 1992 13:41:58 GMT
Organization: Case Western Reserve University, Cleveland, OH (USA)
Lines: 21
Message-ID: <[e-mail]>
References: <[e-mail]> <[e-mail]> <[e-mail]> <[e-mail]>
Reply-To: [e-mail] (William G. Martin)
NNTP-Posting-Host: hela.ins.cwru.edu


In a previous article, [e-mail] (Lloyd Lim) says:
>In article <[e-mail]> [e-mail] (William G. Martin) writes:
>>The one thing I can't understand is why he wants to sell these rare coins,
>>if they are so much better an investment or an asset than any stocks
>>or bonds or cash money... If you believe what he says, it means that
>>he loses vast amounts of future wealth every time he sells one of them... :-)
>I think he's more interested in being rich now, rather than the future.
>Dealers probably make around 50% on sales, certainly no less than 30%.
>I'm not necessarily saying this is unfair.  They do have to make a living.

But if the coins are going up 100% in a month, as he claims, why is he trying to
sell them now, instead of waiting for them to plateau, or even begin dropping
(and, as a dealer, he'd be able to detect the beginnings of a drop before
the average investor/customer)? Every argument he uses to convince people
to buy these things can be turned around against him to ask why he would
want to let them go...

--
Will Martin
[e-mail] OR [e-mail]