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Yes.. I strongly believe the coin market IS dropping.
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<p>[QUOTE="illini420, post: 748959, member: 19423"]The coins you mentioned are indeed down over the past 6-12 months. However, those are key/semi-key dates so they have actually held up much better than the common stuff, and they should continue hold up better than the common stuff even if the market continues downward. Just like other investments, when things start looking bad and markets drop, investors sell the junk and they flock towards quality. You can see that right now in some of the coins you've purchased: I bet you'd be able to sell that $20 No Motto Saint Gaudens and/or some of your silver bars for more than you paid. </p><p> </p><p>Sure, I bought some coins a year or two ago (when the overall market was at its recent peak) and would take a big hit on a few if sold today. I'm not too bothered by that since I'm in most of those coins for the long term and I am very confident that when I'm ready to sell I'll be making money on them. Additionally, I'm still buying today at relatively lower prices so I'm effectively dollar-cost-averaging as well. I also don't have all of my investment portfolio in coins so even if they drop futher I won't be going hungry.[/QUOTE]</p><p><br /></p>
[QUOTE="illini420, post: 748959, member: 19423"]The coins you mentioned are indeed down over the past 6-12 months. However, those are key/semi-key dates so they have actually held up much better than the common stuff, and they should continue hold up better than the common stuff even if the market continues downward. Just like other investments, when things start looking bad and markets drop, investors sell the junk and they flock towards quality. You can see that right now in some of the coins you've purchased: I bet you'd be able to sell that $20 No Motto Saint Gaudens and/or some of your silver bars for more than you paid. Sure, I bought some coins a year or two ago (when the overall market was at its recent peak) and would take a big hit on a few if sold today. I'm not too bothered by that since I'm in most of those coins for the long term and I am very confident that when I'm ready to sell I'll be making money on them. Additionally, I'm still buying today at relatively lower prices so I'm effectively dollar-cost-averaging as well. I also don't have all of my investment portfolio in coins so even if they drop futher I won't be going hungry.[/QUOTE]
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Yes.. I strongly believe the coin market IS dropping.
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