I would say that demographic fear is probably priced in to some degree. But there will always be a market. Stamps, toys, etc. But who knows. Here is my bullish view:
The availability to sell online provided liquidity and reduced transaction costs (no longer selling at a dealer haircut like the 80's and 90's, and having visibility in real time price discovery). The grading from TPAs, has created fungibility in cards, providing further transparency to "value".
All of these factors have aided the upward stability of card prices, along with macro factors like monetary liquidity from global QE, improving unemployment, and yes a rising stock market.
So I say there are many positive aspects of card collecting that makes it a fun asset diversification. And they are just plain kool to look at.
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