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<p>[QUOTE="svessien, post: 7278072, member: 15481"]Great post.</p><p>I won’t be surprised if the market adjusts after society opens up again, but I’m not as sure it will do as I was half a year ago. Right now, important stock/asset market influencers like Ray Dalio are out saying that «cash is trash», and that people need to find tangible assets to get into rather than holding cash. This influences the coin market, and all collectors markets. When at the same time people that have had good earnings on stocks sell and take the profit, in fear of a much talked about market correction, this also affects the collector markets. Confidence in government FIAT currency seems to be reduced too, and understandably so.</p><p>Those that have been buying coins at 1.5-5x 2018 prices won’t sell low unless they have to. (And chances are that if they have to, the rest of us won’t have money to buy.)</p><p><br /></p><p>I don’t consider my coins as investments. A coin really can’t be an investment, because they don’t produce or generate wealth, like a company. I still consider prescious metals a useful storer of value, though. And I believe people will be interested in the ancient world in the forseeable future too, so I consider my coins as a form of «saving», but most of all a fun and interesting hobby.</p><p><br /></p><p>Although I find it unlikely that the level of growth in prices will be as strong as last year, I am pretty sure that coin prices will be higher in 2031 than in 2021. But it would be great if prices fell a little bit from the current level, at least. It’s getting hard to keep up.[/QUOTE]</p><p><br /></p>
[QUOTE="svessien, post: 7278072, member: 15481"]Great post. I won’t be surprised if the market adjusts after society opens up again, but I’m not as sure it will do as I was half a year ago. Right now, important stock/asset market influencers like Ray Dalio are out saying that «cash is trash», and that people need to find tangible assets to get into rather than holding cash. This influences the coin market, and all collectors markets. When at the same time people that have had good earnings on stocks sell and take the profit, in fear of a much talked about market correction, this also affects the collector markets. Confidence in government FIAT currency seems to be reduced too, and understandably so. Those that have been buying coins at 1.5-5x 2018 prices won’t sell low unless they have to. (And chances are that if they have to, the rest of us won’t have money to buy.) I don’t consider my coins as investments. A coin really can’t be an investment, because they don’t produce or generate wealth, like a company. I still consider prescious metals a useful storer of value, though. And I believe people will be interested in the ancient world in the forseeable future too, so I consider my coins as a form of «saving», but most of all a fun and interesting hobby. Although I find it unlikely that the level of growth in prices will be as strong as last year, I am pretty sure that coin prices will be higher in 2031 than in 2021. But it would be great if prices fell a little bit from the current level, at least. It’s getting hard to keep up.[/QUOTE]
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