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How far have coin values fallen?
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<p>[QUOTE="GDJMSP, post: 2683163, member: 112"]I don't think it has anything to do with the series. It's the coin market as a whole. As I have posted numerous times over the last few months values in the US coin market as a whole have dropped to where they were in 2004. And yes they are still going down.</p><p><br /></p><p>Back in '08 when the market fell off the edge of a cliff I predicted that it would drop, at least, to where levels were in 2007. Which was considerably lower than where it was at the peak in '08. Well it blew through that level like it wasn't even there and kept on going.</p><p><br /></p><p>Where will it stop ? Who knows, but it's quite possible that it could go back to where it was in 2001, when the last bull market started. And maybe even lower.</p><p><br /></p><p>To be honest with you I think it goes back to what started the bull market to begin with - the stock market bubble popping. People were looking for someplace to put their money back then, and they found it in the coin market. And for 7 years it worked out great. But then 2008 came along and most know the story from there.</p><p><br /></p><p>The stock market and other investments, they recovered, the coin market didn't. And it's still dropping.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 2683163, member: 112"]I don't think it has anything to do with the series. It's the coin market as a whole. As I have posted numerous times over the last few months values in the US coin market as a whole have dropped to where they were in 2004. And yes they are still going down. Back in '08 when the market fell off the edge of a cliff I predicted that it would drop, at least, to where levels were in 2007. Which was considerably lower than where it was at the peak in '08. Well it blew through that level like it wasn't even there and kept on going. Where will it stop ? Who knows, but it's quite possible that it could go back to where it was in 2001, when the last bull market started. And maybe even lower. To be honest with you I think it goes back to what started the bull market to begin with - the stock market bubble popping. People were looking for someplace to put their money back then, and they found it in the coin market. And for 7 years it worked out great. But then 2008 came along and most know the story from there. The stock market and other investments, they recovered, the coin market didn't. And it's still dropping.[/QUOTE]
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