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Is this a good idea or not, and can you give your advice? |
I'm thinking of buying something fairly valuable (say 拢250 max) that's likely to go up in price as a little investment and a bit of fun. I think an investment grade diamond or ruby might set you back a tad more than 250. A penny back somewhat less than 250. I would not do it unless you have a field where you are an expert at and know exactly what you are doing. It is a bad idea for sure. invest in your knowledge I don't want to seem harsh but do you know what you are doing? I don't know anything about the market for British stamps but last I heard the high-end US stamps of the classic period were red hot and everything else was pretty stagnant. I don't know if you can get into the high end for 250 pounds, but if you're knowledgeable about stamps you can find out. With any tangibles you've got to control your buying and selling costs; dealers make 99.999999% of the money in collectibles. Depending on where you're buying and selling, the collapse of the dollar may be a concern as well. None of those! |
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