Reply to Thread

Message:: [QUOTE="Moen1305, post: 48709, member: 2544"]Rick, I don't pretend to be a market expert and I can say with certainty that I am no coin expert but I do know that the overvaluing of just about any commodity occurs to some degree on a regular basis.  It is the cream that is skimmed off of the milk by savvy investors and it can drive a market as easily as supply and demand.  The real difference between the two is that supply and demand are tangible and quantifiable if you will, whereas overvalued commodities owe in large part their excess to intangibles primarily speculation and to a greater degree hype.  I think that you are right that people will pay more for something that they really want.  I know that I have.  I’m sure that it happens regularly to those that don’t understand or are new to the business.  But that behavior is just one intangible and on the whole probably doesn’t drive prices anywhere near as much as those in the business that overstate, hype-up, and take advantage of naïve investors.  They are in the business to make money after all.  As the truth-inflation builds you get a market that is overvalued and due for a correction.  That is what I wait for before I go out looking for the coins that I need.  In the meantime, I search through the bank-supplied horde for treasures that others have missed.  But that’s just me.[/QUOTE]