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<p>[QUOTE=&quot;robinjojo, post: 4330174, member: 110226&quot;]I think we are looking at two worlds: one being the massive number of workers who have been laid off or furloughed, and retirees whose retirement plans are tied to the stock market; the second, much smaller number of individuals who are very wealthy, and, while impacted by the downturn in the stock market, still have the means to pursue their interests, be that speculating on currencies, commodities or acquiring coins. </p><p><br /></p><p>I suspect that bidding will continue to be strong at auctions and rarities will continue to sell at healthy prices through private treaty.&nbsp; This is not a new situation.&nbsp; The 1930s, during the depths of the depression, saw the wealthy (those that survived the crash of 1929), largely maintain their lifestyles the midst of bread lines and 24% unemployment.</p><p><br /></p><p>What can arise from our situation?&nbsp; I think any recovery for the economy is going to take a long time.&nbsp; The economy, in terms of unemployment, took nearly 10 years to recover from the 2008 financial crisis.&nbsp; The Great Depression did not truly end until the start of World War II.&nbsp; </p><p><br /></p><p>So auction houses such as CNG, will continue to fare quite well, thank you.&nbsp; The bids will be strong and some lots will sell at astronomical prices (before commission) even in this time of desperation on the part of millions of individuals.&nbsp; That is the sad, even tragic reality.&nbsp; I try to compensate, through donations and buying fresh produce for another family, but this is just a drop in the bucket.[/QUOTE]</p><p><br /></p>

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