[todeen]

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.

I buy silver as a hedge against an apocalyptic situation. Read it in a "preppers" book and thought it sounded reasonable. Gold will always be too expensive to use as real currency. I'm not certain my baseball cards would be considered currency/hard asset if something like a Civil War was to start and I needed to relocate in a hurry.

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