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Are we in a Bull or Bear market?
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<p>[QUOTE="Cloudsweeper99, post: 99697, member: 3011"]I think you need to invert the question to get to the right answer. We are in a long term bear market for the dollar. This was very apparent for several years ending around the beginning of 2005 when the dollar stablized. Some observers believe this was due to the tax break on repatriating dollars that expires this coming week, and they believe the dollar will resume its drop in 2006.</p><p><br /></p><p>How does this relate to coins? The underlying economic conditions favor investments in commodities and other things. Coins represent one of those "things" along with real estate, oil, metals, art and other tangible items that are viewed as ways to preserve purchasing power when the dollar falls. Nothing about this guarantees that coins will continue to rise because numismatics enjoys its own cycles separate and apart from the rest of the world. But it raises the probability that coins will continue to rise in value -- for now.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 99697, member: 3011"]I think you need to invert the question to get to the right answer. We are in a long term bear market for the dollar. This was very apparent for several years ending around the beginning of 2005 when the dollar stablized. Some observers believe this was due to the tax break on repatriating dollars that expires this coming week, and they believe the dollar will resume its drop in 2006. How does this relate to coins? The underlying economic conditions favor investments in commodities and other things. Coins represent one of those "things" along with real estate, oil, metals, art and other tangible items that are viewed as ways to preserve purchasing power when the dollar falls. Nothing about this guarantees that coins will continue to rise because numismatics enjoys its own cycles separate and apart from the rest of the world. But it raises the probability that coins will continue to rise in value -- for now.[/QUOTE]
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