By Bernie on 28 Oct 2012
Goebel HUMMEL Figurine Girl with Geese
Flickr User *n*o*o*r*
I have been buying gold, silver, diamonds and collectibles since 1977 and I have learned one thing: do not buy Lladro, Hummel Figurines, Collector Plates, Lenox China or other mugs, cups, and decorative items as an investment.
Although I have cautioned my readers against treating gold as an investment, see my article, How Much Gold Should I Buy?, at least gold and silver will never be worthless. Gold and silver should be bought only as insurance against government overuse of printing presses.
As for Lladro, Hummel Figurines, Collector Plates, Lenox China and other like items, do not buy them as investments, as in 99% of the cases they will be almost worthless if you need to sell them. For example, I buy such items usually ten cents on the dollar of their original selling price and sometimes even much, much less.
You do not buy fruit bowls as an investment. You should buy them because you need to have something to hold fruit. Likewise you should not buy China dishes as an investment. You should buy them to actually eat on them.
If you have collector plates on the wall, that never actually had a utilitarian purpose, then I can assure you that you have a wall of worthless items.
If some factory is pounding hundreds or thousands of your so-called collectibles, it is highly unlikely that they will ever fetch more than you paid.
For example, if you go to ebay and search for "HUMMEL FIGURINE" and click on completed listings you will find that the majority of listings have not sold and those that did sell, sold for very little money.
But there is always a market for gold. Gold at this moment is $1712.50 If I want to sell a one ounce gold bar I will get exactly $1712.50 for it. I own gold not to make a profit but as insurance against economic collapse. However, it happens that Obama has made the gold I own quite valuable - see my article President Barack H. Obama will make me Rich.
Anyone may republish this article for non-commercial use without asking my permission. I make it easy, see details here.
comments powered by Disqus