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<p>[QUOTE=&quot;GDJMSP, post: 5485910, member: 112&quot;]It&#039;s complicated, there are several factors involved, and it all makes perfect sense once you think about it. But when it began in 2003 it was because world coins were grossly undervalued. I started writing about it back then. And it was only a couple years prior to that that the US coin market started moving up. </p><p><br /></p><p>By 2006 US coins were rising so quickly that many collectors couldn&#039;t afford them anymore - so they moved to world coins. And that helped push them up even further.</p><p><br /></p><p>By 2008 the US market began imploding - falling off the proverbial cliff. But since world coins were not, even more collectors switched to world coins. And that combined with what was already going on, pushed them up even further. And the continuing decline of the US market for the next 12 years, pushed the world market up even more.</p><p><br /></p><p>For the last 3 or 4 years it has been a feeding frenzy in the world market. Same thing that happens with all markets. People see prices exploding upwards and they too have to jump on the bandwagon. But eventually that wagon gets full and soon everybody starts jumping off - not on. </p><p><br /></p><p>It&#039;s a whole lot like what happened with the US market in 1989 and again in 2008. The last folks to jump on the wagon are the ones who suffer the most, and typically never recover. </p><p><br /></p><p><br /></p><p><br /></p><p>No, ya wouldn&#039;t, and this is a first - it has never happened before. Typically the coin market acts as a whole. Bull markets usually last 3-5 years and bear markets a bit longer at 5-8 years. There has never been a bull market in coins that lasted 17 years. And there had never been a bear market that lasted 12 years. But yet both have happened.</p><p><br /></p><p>The US market finally reached bottom the beginning of 2020 and has been moving upwards since. And, it is likely it will continue to do so, mixed with with a few dips here and there as that is also typical of markets. </p><p><br /></p><p>The world market however, eventually it&#039;s gonna find that cliff. And when it does, it&#039;s gonna be ugly.[/QUOTE]</p><p><br /></p>

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