Quote:
Originally Posted by Snapolit1
I don’t disagree, but with every asset class I can think of generally dropping at the moment, seems a bit of a stretch to argue that vintage cards won’t be affected.
If you are a pure collector, prob not a big concern. If you also collect as an investment, may affect you a bit more.
Obviously if you are looking to add something pricey, a drop in the market is a good thing.
Now that’s only I could get rid of these Zion Williamson NFTs …..
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In the short term, I expect a general drop, but no crash. Personally, I am not buying common material, my Topps want list is just sitting and waiting right now. I'm 'going strong' on material that rarely comes to market for my boxing collection, but commodity cards that are available every day, I've sat out this year as prices have already fallen and I think will continue to.
We may get some nice price reductions coming. The Fed appears to be aiming to kill the job market to make people cut spending and help their "transitory" inflation problem the government made, and the White House and Congress appears to want to continue to spend like there is no tomorrow whatsoever. The economy is probably going to worsen over the next year again, which will have to have an impact on the vast majority of cards. It's going to be a long and ugly fight to reign in inflation while the government is pouring absurd amounts of billions into its agenda, and then try to resurrect the stock market and bring the jobs back.
Then again, I root for a total collapse of the card market. As an all collect no invest, I'd love for them to become worthless so I may buy more for less.