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<p>[QUOTE="physics-fan3.14, post: 2224437, member: 19165"]Obviously, I can't speak for Doug (and really, we disagree far more often than not). However, in this case, I'll agree that for the most part the world market has gone mostly in the upward direction for a rather long time. </p><p><br /></p><p>I'm guessing his call for a correction comes from the basic principle that "what goes up, must come down." There's a similar principle in the stock market, although the two aren't necessarily analagous. A period of prolonged buying in most markets is often followed by a period of selling, taking profits, re-adjusting, and cooling off. In the coin market, sustained hype for a decade or more is going to be followed by people losing interest. </p><p><br /></p><p>The difference here is that with the ubiquity of the internet and the increase in certification services, a whole new market for world coins is opening up. American collectors who never considered buying darkside are now adding these pieces to their collection. Foreign collectors who previously lived in small markets, or didn't have access to the wide world of numismatics are finding themselves in the middle of a treasure trove of information and availability. I would say that Russia definitely fits that bill. </p><p><br /></p><p>In summary, while there has been an expansion of the world market (and I think there will continue to be), I think you'll find that there will be ups and downs in the market for darkside just as there is in the US numismatic market. There will be regional variations, and there will always be areas that are hot and cold. But now that the internet has made collecting and sharing information so much easier, the world market for coins will continue to grow.[/QUOTE]</p><p><br /></p>
[QUOTE="physics-fan3.14, post: 2224437, member: 19165"]Obviously, I can't speak for Doug (and really, we disagree far more often than not). However, in this case, I'll agree that for the most part the world market has gone mostly in the upward direction for a rather long time. I'm guessing his call for a correction comes from the basic principle that "what goes up, must come down." There's a similar principle in the stock market, although the two aren't necessarily analagous. A period of prolonged buying in most markets is often followed by a period of selling, taking profits, re-adjusting, and cooling off. In the coin market, sustained hype for a decade or more is going to be followed by people losing interest. The difference here is that with the ubiquity of the internet and the increase in certification services, a whole new market for world coins is opening up. American collectors who never considered buying darkside are now adding these pieces to their collection. Foreign collectors who previously lived in small markets, or didn't have access to the wide world of numismatics are finding themselves in the middle of a treasure trove of information and availability. I would say that Russia definitely fits that bill. In summary, while there has been an expansion of the world market (and I think there will continue to be), I think you'll find that there will be ups and downs in the market for darkside just as there is in the US numismatic market. There will be regional variations, and there will always be areas that are hot and cold. But now that the internet has made collecting and sharing information so much easier, the world market for coins will continue to grow.[/QUOTE]
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