Message:

<p>[QUOTE=&quot;GDJMSP, post: 2691067, member: 112&quot;]Apparently you misunderstood. I didn&#039;t assume anything of the kind, to the contrary I said that grade-flation didn&#039;t have anything to do with it. There were several reasons for the bull market and the bear market, but grade-flation wasn&#039;t one of them in either case.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Skyman was pretty close with his response to your question. But he left 1 key component out of his explanation. Given what he said I think he&#039;s aware of it, he just didn&#039;t say it. That being that once PCGS and NGC came along Wall St. actually got involved. They created financial instruments composed of coins that were actually traded on the stock market. This, coupled with the advertising that went along with it, calling those instruments investments, and the advertising from PCGS and NGC touting coins as investments, were the direct cause for the huge spike in the coin market during the late &#039;80s. </p><p><br /></p><p>When it all blew up and the market collapsed there were a great many lawsuits. Wall St. was forbidden from ever doing it again. PCGS was forbidden from ever calling coins investments again in their advertising. All of this is documented in the court records. For whatever reason there were no lawsuits against NGC, at least none that I could ever find. But it was pretty clear they got the message as well.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in