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<p>[QUOTE=&quot;kaparthy, post: 23394, member: 57463&quot;]We have exchanged views on this before.&nbsp; I personally focus on market fundamentals.&nbsp; &quot;Coins&quot; cannot be an &quot;investment&quot; for many reasons.&nbsp; Perhaps most basically, they are not uniform. </p><p><br /></p><p>The idea that you can &quot;buy and hold&quot; is also a fallacy.&nbsp; Yes, I do have a few items that have &quot;performed well.&quot;&nbsp; We all do. However, the arithmetic is unforgiving.&nbsp; We all carry very much more dead weight.&nbsp; Also, the so-called &quot;performers&quot; fail against <b>a.</b> inflation (basically) and <b>b.</b> what you could have done with the money.</p><p><br /></p><p>The only way to make money in numismatics (or anything else) is to buy and sell, buy and sell, and buy and sell.&nbsp; Many small gains compound over time.</p><p><br /></p><p>Another basic fallacy is to focus on the <b>material</b>, instead of <b>yourself.</b>&nbsp; Coins cannot be an &quot;investment&quot; because no two people get the same price for the same material.&nbsp; Therefore, if you want to profit, you have to be a <i>&quot;mercantile person&quot;</i>.&nbsp; I certainly know no way to bottle that.</p><p><br /></p><p>As for the current run-up in prices.&nbsp; I do not see it as being significant and neither is the necessay downside.&nbsp; Technical traders know the &quot;head and shoulders&quot; model.&nbsp; What this tells us, truly, is that up and down are pretty much the norm.&nbsp; Up.&nbsp; Down.&nbsp; Down. Up.&nbsp; What else makes sense?[/QUOTE]</p><p><br /></p>

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