Quote:
Originally Posted by BobC
Regardless Johnny, in times of economic instability and panic, many people often view "hard assets" as a viable alternative to the volatile marketplace. Think of people who buy gold, silver, and other precious metals as a potential hedge against that market instability. Whether any of us like it or not, there are many people that now look at cards as one of these "hard assets" that may be a viable alternative to the stock market and other investment vehicles. With the proliferation of TPG grading, AHs, online sellers/consignors, and even Ebay, cards are not such an illiquid asset as they may have been just a couple decades or so ago.
And the eventual drop in value of such "hard assets" as cards is not entirely unpredictable either. There are more than a few well known advisors out there telling people to put, and keep things, in cash for now, and leave it there until the overall market volatility factors start to play out and we can maybe get a better idea of where things are headed.
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No doubt, I don't disagree. The point of my comment was this whole hype of fractionalizing shares of cards was an attempt to bring in perspective investors into BIG Time Expensive Cards that couldn't normally be purchased outright by most people due to the cost. To me in order for the card to be consider a Investment Type "Hard Asset Vehicle" Like Gold or Silver you need to actually own and posses said card. Not pieces of it.