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<p>[QUOTE=&quot;GDJMSP, post: 2086995, member: 112&quot;]These &#039;bubble years&quot; that you keep mentioning, what exactly are you referring to ? I can only assume the years when prices exploded in the coin market, am I correct in that ?&nbsp; </p><p><br /></p><p>The chart below shows when that happened.</p><p><br /></p><p><img src="http://www.pcgs.com/images/graphs/indexallgraph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p><br /></p><p>Now as you can see it was between &#039;86 and &#039;89 when it happened. PCGS first opened their doors for business in late 1986, NGC followed in 1987. Before that, neither company even existed. And no, it is not a coincidence that the prices exploded at the same time that the TPGs came into existence, but rather a direct result of them coming into existence. For it was their debut that caused Wall St. to get involved and create that bubble. This is documented fact. Of course you can see the result of the irrational exuberance I mentioned when the coin market fell off a cliff in 1989.</p><p><br /></p><p>Now CAC didn&#039;t even exist until 2007, so no they didn&#039;t have anything to do with that bubble. There was another smaller bubble though that began somewhat slowly in 2001, again related to Wall St. but indirectly this time, reached its peak in 2008, and then radically dropped again.</p><p><br /></p><p><img src="http://www.pcgs.com/images/graphs/index10graph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /> </p><p><br /></p><p><br /></p><p>So is this what you are talking about in regard to CAC ? If so, I don&#039;t think they had much to do with it for they had only been open about a year.[/QUOTE]</p><p><br /></p>

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