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<p>[QUOTE=&quot;TypeCoin971793, post: 7987037, member: 78244&quot;]I’ve been told that it’s the newly-minted Chinese millionaires who get off on spending as much money as possible. There are cycles of asset bubbles in recent Chinese history, and they have always burst. Many of those tuned into historical Chinese market trends have remarked that the Chinese coin market is showing patterns very similar to other asset bubbles. </p><p><br /></p><p>The Chinese coin market has also become completely dominated by slabs in the past five years. It costs like $5-15 to get coins graded and authenticated, so everyone is trying to get as much slabbed as possible. It follows that slabbed material from other civilizations whet the appetite.</p><p><br /></p><p>Also, the coin collecting mindset is quite different than in the west. Chinese collectors want the biggest, the best, and the rarest just to say that they have them. It’s a game, it’s a competition, and those with the most money win.</p><p><br /></p><p>These are my observations from being plugged into the Chinese market for the past 10 years. I think they explain why we are seeing the price results we are seeing.[/QUOTE]</p><p><br /></p>

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