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Originally Posted by hcv123
Overall interesting concept. As others have raised - the "ipo" price is very relevant - is the 53 Mantle a 2.5M card? Not in my book. Would definitely need a high degree of transparency.
Per OP - "There is also the element of stocks and bonds where they are really just pieces of paper"
By that logic so is every business contract, mortgage, eviction notice, lease, etc. With Stocks those "pieces of paper" are shares of ownership in an ongoing underlying business. Bonds - a legal obligation of an underlying company to return the investment with interest.
Not poo pooing, just approaching realistically - it has possibilities. Not of particular interest to me, but if it were, would need to do much more due dilligence.
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Common stock is just paper. Companies create more of it each day and sell it and dilute investors at all times.
My point was it is just a line item on a statement. You can't touch it or feel it and can only see it trade on an exchange or see it in your account.
I have a huge collection so I have plenty I can touch and feel. What others are missing is cards that are being sold on EBAY right now are being shipped straight to the PWCC vault. I did one a week or so ago. Investors whether one likes it or not are coming in droves and this is just an extension of that.