Quote:
Originally Posted by UKCardGuy
We all have collections of cards, that means that we have a natural bias about how we look at this. It's human nature to want to find information that aligns with what we want to hear. My gut tells me that there will be some substantial falls over the next few years. For the "investors" that joined the hobby in the last 5+ years, I can't help but think that when prices start to fall that they'll bail out. That'll only accelerate things. Then again....I'll be able to buy at cheaper prices. :-)
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I agree. Those of us lucky enough (I won't say prescient enough) to have purchased the big boys 10+ years ago will be just fine regardless, even if we have to sell into a price drop. Which many of us might not have to do. Again, though, we aren't in a recession, it is inflation. I'd rather have hard assets that are not interest rate dependent than cash in an inflationary period. We will be in a recession some day for sure but when that is I don't know. if I did I wouldn't be worrying about card prices, I'd be placing bets, er, investing in futures.
Meanwhile, since we have financialized collecting, I wonder how many of us have serious chunks of buying cash set aside waiting for the dip in card prices? I have a big shopping list for then...someone please ring a bell or something when it happens.