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<p>[QUOTE=&quot;GoldFinger1969, post: 7389787, member: 73489&quot;]The bottom is in !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> Reminds me of the newsletter days of the 1980&#039;s when stock market gurus would call the market. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p>Right, but with demographics still a major headwind, what counters it ?</p><p><br /></p><p><i>Who is going to be buying those coins that many of us collected in the 1950&#039;s, 1960&#039;s, and 1970&#039;s even if that sub-index is down 85% from the 1989 peak ?</i></p><p><i><br /></i></p><p><i>What prevents that sector of the coin hobby (there are other sectors doing better price-wise and interest-wise) from becoming Stamp Collecting, The Sequel ? <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></i></p><p><b><i>Very perceptive, and normally I&#039;d agree 100%. </i></b></p><p><br /></p><p>Let me play Devil&#039;s Advocate and ask.... <i>do the rules of a market apply to coins ? </i> Coins are so subject to emotion and hyper-volatility with tremendous booms-and-busts that maybe you can&#039;t apply normal bull-and-bear market thinking and cycle analysis to them ?&nbsp; You don&#039;t have long bull markets that are slow-and-steady and get people into the sector but you do have long pronounced bubble-bursting bear markets that often bring big financial losses or at least a depressing atmosphere.</p><p>100% agreed....but I still wonder FROM WHERE do we see the change on all those coins that we grew up with.&nbsp; <b><i>Who are the new buyers ?</i></b></p><p><br /></p><p>Those of you who have bought ancients and foreign coins supplied U.S. buying power to a global market, but I highly doubt non-U.S. buyers will have interest in U.S. coins with the exception of a few rare types and/or Morgans &amp; Saints for precious metal or numismatic value.</p><p><br /></p><p><b><span style="color: #00b300">Still, I am glad you are bullish GDJMSP. </span></b> Maybe lots of people got into coins and will segue into the classics during Covid-19.&nbsp; We should see if it&#039;s true with online auction registrations, bidders, and increased activity (maybe) at coin shows when they open up again.[/QUOTE]</p><p><br /></p>

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