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<p>[QUOTE=&quot;kaparthy, post: 53353, member: 57463&quot;]Actually, it is not.&nbsp; I know what you mean, and I know that everyone from Alan Greenspan down to the nearest bank teller would agree with you, but I&nbsp; think that they are all wrong.&nbsp; A free market cannot be inefficient, by definition.&nbsp; It is like saying that capital is &quot;idle&quot; when it is not &quot;invested.&quot;&nbsp; These are socialist political ideas that still linger in economics.</p><p><br /></p><p><br /></p><p>I agree with your sentiment.&nbsp; With the <b>Tulip Craze</b> being part of our common knowledge base and with <b>&quot;contrarian investing&quot;</b> having been touted for 20 years and everyone knowing about <b>Kondratieff Waves</b> now, it is really important to rely on your own judgement.&nbsp; Of course, that means that you will be alone on the other side of the boat, when the profiteers are on the crowded side selling life preservers.&nbsp; <b>The market is always right.</b></p><p><br /></p><p><br /></p><p><br /></p><p>Again, I agree.&nbsp; My personal favorites are the coins of Tibet and the coins of the Hungarian Malcontents.&nbsp; In point of fact, there is hardly an area of numismatics now which is in the doldrums.&nbsp; Collecting is picking up worldwide because of the general prosperity level and the general level of information transfer. </p><p><br /></p><p>When Frank Robinson ( author of <i>Confessions of a Numismatic Fanatic</i>) was a lad, who cared to collect Chinese Cash besides Frank Robinson?&nbsp; It is not just that the coins were hard to find -- they were not.&nbsp; It was that <u>information about them</u> was hard to find.&nbsp; You had to know about specialty books.&nbsp; Now, anyone can put CHINESE COIN BOOK in Google, Amazon, and the ANS library and find Kann, Fisher&#039;s Ding, David Jen, Schjoth, and all the others.&nbsp; The meta-information (information about information) makes this a level playing field.</p><p><br /></p><p>I also agree that if there is an &quot;insider&#039;s strategy&quot; it is in not following the herd.&nbsp; Collecting U.S. 3-cent silvers may not make you rich. but if you have the field pretty much to yourself, you are not bidding against a lot of empassioned competitors.&nbsp; </p><p><br /></p><p>The one secret insider&#039;s strategy that always works is to write the book.&nbsp; </p><p>&nbsp; Main Author:&nbsp; Gifford, Allan. </p><p>&nbsp; Title:&nbsp; The ultimate guide to U.S. three cent nickels, 1865-1889</p><p>&nbsp; Publication Info:&nbsp; St. Louis, MO : A. Gifford, 2003.[/QUOTE]</p><p><br /></p>

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