Quote:
Originally Posted by Dpeck100
I get constant emails asking me to sell cards but the reality is I have no interest. This means higher prices not lower prices. When you control such a large amount of the available inventory it means even higher prices.
The people shouting for lower prices don't own the cards. It is that simple.
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Simple economics control card prices. Supply and demand set the market price. We’ve had a bull market for over a decade. This prosperity time has increased 401k values and disposable income. Investors and collectors have used this disposable income to purchase cards. This strong demand for cards has increased prices.
If we are entering a recession, 401k values will fall. Moreover, some people will lose their jobs. Those that do not have jobs will not have disposable income to spend on cards. Those that do not lose their jobs will save for a rainy day in case they lose their jobs. They will choose not to spend their disposable income on cards.
The demand will significantly decrease. When this occurs, the prices will fall. Those that have large inventories (supply) have two options. One: they can stop selling and try to ride out the storm. However, who knows how long the recession could last. It could take years for a recession to play out and then years for the prices to return to pre-recession levels. Two: they can sell into the weak demand at lower prices.
Basic economic laws disagree with your premise that higher prices will prevail. Good luck.