Quote:
Originally Posted by Peter_Spaeth
Re cards being so volatile, when was the last time the card market dropped 50 percent? When was the last time it dropped significantly at all?
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This would be immediately after the era of overproduction. Everybody in the late 80's and early 90's were buying cards to put away for retirement. People were paying ridiculous prices for OPC premiere, Stadium Club, Kevin Maas rookies, etc, etc. That crash cost a lot of people money. Now of course this wasn't across all areas of collecting, but nevertheless, the "card market" dropped big time. I understand that this was the overproduced crap, but the people who were dumping money into the hobby had no clue(maybe like the people now dumping money into the sportscard market and inflating prices), and the rug was pulled out from under them. It all comes down to choosing wisely. If you know a collectibles market, then you can use it as an investment vehicle and limit the downside.