High MS Coins for Speculation – The Wrong Road for the Wrong Reasons

One of the biggest scam techniques in the coin industry is to recommend buying high MS coins for speculation or investment purposes. These high mint state numismatic coins have collector or antique value, and they tell you that these high MS numismatic coins are a tremendous speculative investment. And when gold goes up in an economic crisis these high mint state coins will appreciate tremendously in value, and you will be able to sell them and make a lot of money. Well, that sounds all right on the surface, but when you examine the logic of it all, it is complete foolishness.

Why? First of all, the only reason to buy gold is for wealth preservation, so that in an economic crisis you would have some real money in your possession when our fiat (false or paper) money system collapses, or we get into hyperinflation, or the stock market crashes. The very last thing you would ever want to do when our electronic and paper money system collapses is to sell your gold and turn it back into worthless paper money. This doesn’t make sense at all, but that is what these coin companies are telling you to do.