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On a budget and on the go, a cheap CD player or an iPod is far better and obviously more practical than a cheap record player, but a record played on a basically decent turntable with a good quality cartridge and needle made by a reputable company is altogether a vastly different kind of experience than listening to a digital source the same way
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By the way, I use a cheap RP1 turntable and a cheap chinese tube amp with original large advent speakers
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But I can tell you if you have a cheap or moderate cartridge that came with a decent but not severely overpriced turntable, the difference this thing makes is worth every penny
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I highly recommend the Ortofon which I have installed on my Yamaha YP 801 turntable.