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<p>[QUOTE=&quot;-jeffB, post: 1613606, member: 27832&quot;]There are no &quot;lies&quot; there as long as the axes are clearly labeled, but they certainly are &quot;misleading&quot;. They suggest great falls from previous peaks, but here&#039;s the reality:</p><p><br /></p><p>Generic gold coins (graph 1) -- peaks around $35K in Jan 2010 and Aug 2011, troughs around $28K in June 2011 and $27K in May 2012, current value around $29; an <b>overall pullback of ~20%</b> from the highest peak.</p><p><br /></p><p>Twentieth century coins (graph 2) -- start a bit below $50K, peak at $54K, end around $43.5K; <b>an 8% climb, followed by a ~20% drop</b>.</p><p><br /></p><p>Proof type coins (graph 3) -- peak at $37.4K, low at $36.1K, a <b>maximum drop of 3.5%</b>.</p><p><br /></p><p>Morgan and Peace dollars (graph 4) -- peak at $135.8K, low a bit above $133.5K. That stunning plummet from left to right reflects a bank-breaking <b>loss of... 1.7%</b>.</p><p><br /></p><p>And, finally, the ten-year PCGS 3000 index graph -- start at $56K, peak at $73K, pulling back to a current value around $67K; a <b>climb of 30%</b>, followed by a <b>drop of 8.2%</b>.</p><p><br /></p><p>Those are significant fluctuations, but not the 80% swings that these <i>improperly normalized</i> graphs suggest at first glance.</p><p><br /></p><p><font size="1">Compare this to, say, the DJIA. Starting around 8600 in Jan 2003, it peaked at 14164, a <b>65% maximum gain</b> -- then dropped to 6547, a <b>54% drop from its peak</b>, or a <b>24% drop</b> from its 2003 starting value. Today, it&#039;s about 5% below that peak, <b>up about 50%</b> from 2003 levels. Clearly, the DJIA has outperformed the PCGS index over that <i>specific</i> interval <i>as a whole</i> -- but the DJIA has been considerably more volatile.</font>[/QUOTE]</p><p><br /></p>

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