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With rising unemployment when will coin market crash?
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<p>[QUOTE="Derek2200, post: 4589074, member: 106755"]Yes there is.</p><p><br /></p><p>The Pcgs 3000 shows a good picture as the market as a whole and is independent of some biased hot air dealer blog. Segment indexes also available. The trend seems headed down and does not appear to have reached bottom.</p><p><br /></p><p>The market has been in a steady slide for sometime (Pcgs) 3000x A crash may be on the horizon with possibility of bankruptcy major players. Will one TPG acquire the other?</p><p><br /></p><p>Yes there are those heavily buried in big ticket coins or wealthy dealers and investors who will argue otherwise. They are the end user. I believe US coins overpriced as I am buying low pop world for a fraction of their US counterparts (pop wise).</p><p><br /></p><p>Many who have lost jobs in this covid environment may find jobs but many of these new jobs may be a step down. Others due to age bias may not find anything at all due to a job market full of unemployed younger workers. A sort of covid double whammy. As bankruptcies and credit card defaults mount people will be more about survival vs buying coins. Many forced into retirement due to covid may be filing bankruptcy like a lot of them after oil price crash in 2015. One friend in coin club forced into Early retirement, depression then credit card / default as a consequence from oil price crash on $28 k cc debt. He settled it for about 40c on dollar. Covid fallout wb much worse.</p><p><br /></p><p>Consequently a coin market crash is a very strong possibility. In addition players will cut back on paid subscriptions using free online price guides plus a reduction in grading submissions / stickering.</p><p><br /></p><p>Many tired of taking losses going to bullion. This is understandable considering the weakness in US numismatic coins (PCGS 3000).[/QUOTE]</p><p><br /></p>
[QUOTE="Derek2200, post: 4589074, member: 106755"]Yes there is. The Pcgs 3000 shows a good picture as the market as a whole and is independent of some biased hot air dealer blog. Segment indexes also available. The trend seems headed down and does not appear to have reached bottom. The market has been in a steady slide for sometime (Pcgs) 3000x A crash may be on the horizon with possibility of bankruptcy major players. Will one TPG acquire the other? Yes there are those heavily buried in big ticket coins or wealthy dealers and investors who will argue otherwise. They are the end user. I believe US coins overpriced as I am buying low pop world for a fraction of their US counterparts (pop wise). Many who have lost jobs in this covid environment may find jobs but many of these new jobs may be a step down. Others due to age bias may not find anything at all due to a job market full of unemployed younger workers. A sort of covid double whammy. As bankruptcies and credit card defaults mount people will be more about survival vs buying coins. Many forced into retirement due to covid may be filing bankruptcy like a lot of them after oil price crash in 2015. One friend in coin club forced into Early retirement, depression then credit card / default as a consequence from oil price crash on $28 k cc debt. He settled it for about 40c on dollar. Covid fallout wb much worse. Consequently a coin market crash is a very strong possibility. In addition players will cut back on paid subscriptions using free online price guides plus a reduction in grading submissions / stickering. Many tired of taking losses going to bullion. This is understandable considering the weakness in US numismatic coins (PCGS 3000).[/QUOTE]
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With rising unemployment when will coin market crash?
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