Quote:
|
Quote:
but that, to me anyways, reinforces how small the card market is. I think this fraud will have an impact - it won’t take many big buyers to pull back to have an impact. That, plus demographics plus the fact we are at the peak of an incredible debt fueled asset bubble don’t make me confident in long term card values. |
Quote:
It's way to top heavy for me to ever consider investing in.......Long Term I think Levels Go Back to Pre. 2013 Levels. |
Quote:
|
I don’t count my collection against my net worth so I agree with you guys. But I’ve always suspected that there are a significant number of collectors that have cards as a large percentage of their net worth. I think this is a big part of the reason most collectors want this altered cards thing to go away.
Lets be real, this isn’t a hobby for kids anymore. You can’t even find cards for sale where I live. A small number of large volume collectors are driving price increases on vintage. Hard to see how it can last when most collectors are in their 60s. Anecdotal but everyone I know has money in RE, most own financial assets, some have non trad investments like art or cars and literally no one collects sports cards. I have a huge network and don’t know one person outside of online communities that collects cards anymore. We all did as kids and i’m the only guy that came back into it. Our hobby is incredibly small and top heavy. |
Historically most hobbies are a bit flat when the stock market is doing well.
|
Quote:
|
Quote:
Take sept 14th 18 to dec 19, only about a 10% increase in the sp. Most people arent showing that big Oct-dec dump in 2018 to tout how well stocks did this year. Hey 10% ain't bad, but the "28%" just is accounting for that big drop. No FOMO and price manipulation in stocks? No Fraud in stocks? People lost about 90% on this TEUM company lying about earnings. Did that stop the "28%" gain on the SP? |
Quote:
|
Whales
Quote:
|
Quote:
|
Did anyone see this Interview?
https://www.youtube.com/watch?v=_f3k5VSqVt4 Towards the end, he says he see's greener pastures and blue skies ahead for this marketplace/industy..... I see Visions Of Silver Bracelets and Orange Jumpsuits |
We discussed it in May here and at Blowout. In fact, it was one the things that threw gas on the fire of the internet investigation. People hated how smug he was in that interview and looked for more things to pin on him.
|
Quote:
When people exit the stock market, they'll need to put resources elsewhere. Maybe something tangible that can make them think of days gone by when life was simpler, and MLBers needed winter jobs. Hoping its oil stocks, since it didnt happen last year! Dont take it personally, anytime someone relates cards to stocks there are two sides to it. I never believed in these PWCC indices, I stick to what I know. Tough cards, more demand and signed 52 topps when I see 'em |
More high profile cards are outed and the amount of damages incurred just keep piling up:
https://www.blowoutforums.com/showth...90614&page=248 https://www.blowoutforums.com/showth...333320&page=18 By the way where's Peter Spaeth been lately? |
Quote:
|
Quote:
|
The best comment in one of the threads is that the card now had perfect centering: 45/45
|
Quote:
|
Quote:
|
Dan
What do you want to know about the FBI? They are absolutely, 100% investigating. That is all of the info we will know for now. No doubt more will come out later but I don't expect it to be soon. Too many rats to still roll over. Quote:
|
Quote:
|
Quote:
|
Quote:
been another 2.5 years or so.. |
All times are GMT -6. The time now is 07:32 AM. |