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Exacerbated Demand for Quality?
cameron12x
Posts: 1,384 ✭✭✭
Quality normally captures strong money, but does this seem to have been exacerbated recently?
Is it possible that the recent rise in gold and silver has made the flight to quality even more pervasive and pricey?
Are we seeing the beginnings of an exacerbated bi-modal distribution of wealth and collecting patterns in Numistmatics, due to rise in base metal prices, the increasing frequency (and quality) of Chinese counterfeits, and other factors?
Or is this exacerbated demand for quality simply a cyclical phenomenom?
Or none of the above?
Is it possible that the recent rise in gold and silver has made the flight to quality even more pervasive and pricey?
Are we seeing the beginnings of an exacerbated bi-modal distribution of wealth and collecting patterns in Numistmatics, due to rise in base metal prices, the increasing frequency (and quality) of Chinese counterfeits, and other factors?
Or is this exacerbated demand for quality simply a cyclical phenomenom?
Or none of the above?
0
Comments
2) I don't know.
3) Definitely.
4) All phenomena are cyclical, including this one.
5) No.
Worry is the interest you pay on a debt you may not owe.
<< <i>1) Yes.
2) I don't know.
3) Definitely.
4) All phenomena are cyclical, including this one.
5) No. >>
I should have created this thread as a poll.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
And what has this to do with "bi-modal distribution or wealth". Wealth is distributed to two dominant modes? A bimodal distribution is like a normal distribution except with two peaks. Where are the two peaks?
Lots of big words strung together seem to be obfuscating the meaning of your post.
In person are you a buzzword buzzsaw?
--Jerry
<< <i>Same as it ever was. >>
Would that be once in a lifetime then?
<< <i>
<< <i>Same as it ever was. >>
Would that be once in a lifetime then? >>
You might ask yourself....
Good question about the Twin Peaks of the bimodal distribution, even if the answer is obvious.
<< <i>
<< <i>
<< <i>Same as it ever was. >>
Would that be once in a lifetime then? >>
You might ask yourself....
Good question about the Twin Peaks of the bimodal distribution, even if the answer is obvious. >>
This is not my beautiful wife.
You mean it is obvious what he is trying to say? I assume that is that he was trying to say "The rich get richer and the poor get poorer"? My dad used to say that. He has a 10th grade education. He is also always clear in what he is saying.
--Jerry
<< <i> Last I checked, exacerbate means to make something bad worse. >>
I think he meant "exaggerate".
Worry is the interest you pay on a debt you may not owe.
<< <i>
1)Quality normally captures strong money, but does this seem to have been exacerbated recently?
2) Is it possible that the recent rise in gold and silver has made the flight to quality even more pervasive and pricey?
3) Are we seeing the beginnings of an exacerbated bi-modal distribution of wealth and collecting patterns in Numistmatics, due to rise in base metal prices, the increasing frequency (and quality) of Chinese counterfeits, and other factors?
4) Or is this exacerbated demand for quality simply a cyclical phenomenom?
Or none of the above? >>
1) A bit more. The rising stock market does mean that the wealthy have more money for their hobbies, and has likely resulted in strong hammer prices at auction for select pieces.
2) No. Dreck in the form of 90% silver culls and widgets as in common MS64 Morgans are having their best day in the sun in decades, and have outperformed 98% of quality coins and key date coins in the past year or two.
3) Beginnings? No, it has been that way for a decade or more. A lot of folks are concerned about wealth distribution. However, when 1/3 of the American population saves nothing and lives beyond their means with monthly credit card balances, they will never accumulate any wealth, no matter how much money is given to them via wealth distribution or other social schemes. The government could write that 1/3 with poor money habits, a check for $100,000 each, and in a short time 90% will have spent all of it, and be in debt again, back to zero net worth. Combine that effect with the top performer reward system where top performers now get many more multiples of what average folks get in various industries. This gets most press for CEOs, but it is also now more true in acting, sales, computer programmers, and any number of industries. For example two decades ago, there was a "middle class" of actors, but more and more it is scale or top dollar and fewer and fewer in between rates.
4) There are cycles. Quality always sells for more, how much more depends on the cycle. Some folks get buried because they pay up for average coins. In a recent Legend report, they observed that 85% of their customers offering coins to sell to Legend, did not have the grading chops to play the quality game at auction. Take that as a cautionary tale, and probably indicative of the overall collector base. Most collectors are doing well if they get the base grade correct, most can not tell high end from low end within a given grade. For these 85% of collectors the quality game is a fools game with that collector in the title role.
<< <i>What's so bad about this? Last I checked, exacerbate means to make something bad worse.
And what has this to do with "bi-modal distribution or wealth". Wealth is distributed to two dominant modes? A bimodal distribution is like a normal distribution except with two peaks. Where are the two peaks?
Lots of big words strung together seem to be obfuscating the meaning of your post.
In person are you a buzzword buzzsaw?
--Jerry >>
Great questions, Jerry and I should have provided more clarity to what I meant. I was up early and didn't have any coffee yet.
I didn't mean to quantitatively describe the "two peaks," but rather just raise the concept qualitatively.
When the price of quality goes up disproportionately, that makes it more difficult for the average Joe to "get in the game."
That's "bad" for the average Joe, but has little effect on the folks living in the "peak" the right of the mean.
In a normal distribution the average Joe would be centered about the mean, but now the average Joe would seem to be to the left of the mean.
So, we may have two classes of coin collecters evolving. Lower quality Ebay dreck collectors and top-shelf Heritage buyers.
It's always been this way to a certain extent, but the distribution imbalances may be becoming exacerbated?
The middle-ground may be shrinking, as it is elsewhere in our Society.
If I gave you my want list you'd think you hit the lottery. Trouble is filling that want list so the initial excitement dies down pretty quickly.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<<Are we seeing the beginnings of an exacerbated bi-modal distribution of wealth and collecting patterns in Numistmatics, due to rise in base metal prices, the increasing frequency (and quality) of Chinese counterfeits, and other factors?>>
and one pervasive, one cyclical phenonomomomomom along with three exacerbateds..in one thread.....
You had to have wrote for Greenspan.
<< <i>This thread gave me a headache.
Here ya go Mark
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>.....wheres anaconda when ya need him... >>
I don't need another headache.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
<< <i>
<< <i>
<< <i>
<< <i>Same as it ever was. >>
Would that be once in a lifetime then? >>
You might ask yourself....
Good question about the Twin Peaks of the bimodal distribution, even if the answer is obvious. >>
This is not my beautiful wife.
You mean it is obvious what he is trying to say? I assume that is that he was trying to say "The rich get richer and the poor get poorer"? My dad used to say that. He has a 10th grade education. He is also always clear in what he is saying.
--Jerry >>
"Talking Heads" ?
What do I win?
Joe
Same as it ever was