Quote:
Originally Posted by parkplace33
The amount of money coming into the hobby right now is crazy. Are baseball cards for Main Street or Wall Street? In the last 10 years (and really the last 5 years), people looking at cards as an investment vehicle has exploded. We have moved into a new phase, treating cards like gold or some other commodity.
At the last card show, collectors walking around with bags full of cards, most for trading or trying to get the best price. It looked like the NYSE floor to me. I guess this is the future.
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What
this observation seems to indicate is that a lot of serious collectors that are trying to trade current value in their cards so that they can get something they want without having to pay the exorbitant prices being asked in today's "market". When the cash totally dries up at shows, it'll probably reinforce that this bull market has reached the end. What happens after that is beyond me. Will card prices stagnate and sit at this level for a while before some other monetary real world market fluctuation (not related to cards) drives the prices back up or down.
I think the OP is probably like most of the "real" collecting community. I'm at the point where I am really considering dumping a lot of my stuff because it's about the right time. Time will tell.