Quote:
Originally Posted by rainier2004
If PSA gets caught in a major scandal that send hoards of customers away, all the values collapse. This could be a thesis, but just imagine that you woke up tomorrow and every PSA card was 10 cents on the dollar...
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IMHO, Steve, that will never happen because I believe demand is like the step pyramid for scarce to downright rare, significant vintage cards. If the upper crust of the demand supporting the price falls off, there is that next layer only a small step down to catch it. Contrast that with the demand for the cards of the young, current, but unproven for the long run phenoms. That demand, creating current high prices, is much more like an extension ladder, swaying in the breeze, susceptible to falling over and all the way down when the new "superstar" proves himself to be fatally flawed or simply overrated.
Good luck in you collecting, and hopefully Michigan will eventually give the Spartans and Oh how we hate Ohio State better competition in the future!
Larry