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<p>[QUOTE="medoraman, post: 1036908, member: 26302"]I would go further and say that if educated buyers are not setting the price then prices paid are unsustainable. Market professionals in most markets are able to predict prices to a large degree, they have to since they are the market makers. If these professionals are not adept at predicting prices then I would question the sustainability of those prices. This applies to any market, (real estate, tech stocks, beanie babies come to mind), but is especially worrisome as an extreme premium over a fairly certain value entity. This is why I am here reading and trying to use my two ears versus one mouth, to try to understand this market. I am just concerned that if advanced market participants and market makers are unable to predict pricing, how sustainable will it be? I mean, a 16d dime is expensive, but at least most everyone agrees with pricing and a buyer can reasonably expect to be able to sell this coin for close to what he paid for it. What if someone buys a pretty toned coin for the same price as a 16d? Can s/he really expect to be able to sell it to a dealer for what a 16d would bring when they paid 8x book value for a lower CDN coin?[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1036908, member: 26302"]I would go further and say that if educated buyers are not setting the price then prices paid are unsustainable. Market professionals in most markets are able to predict prices to a large degree, they have to since they are the market makers. If these professionals are not adept at predicting prices then I would question the sustainability of those prices. This applies to any market, (real estate, tech stocks, beanie babies come to mind), but is especially worrisome as an extreme premium over a fairly certain value entity. This is why I am here reading and trying to use my two ears versus one mouth, to try to understand this market. I am just concerned that if advanced market participants and market makers are unable to predict pricing, how sustainable will it be? I mean, a 16d dime is expensive, but at least most everyone agrees with pricing and a buyer can reasonably expect to be able to sell this coin for close to what he paid for it. What if someone buys a pretty toned coin for the same price as a 16d? Can s/he really expect to be able to sell it to a dealer for what a 16d would bring when they paid 8x book value for a lower CDN coin?[/QUOTE]
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