ctownboy,
I'm not worried about the level of card collecting interest in China or the Middle East. Those regions have not supported this hobby and we will not need them to do so in the future. The demand for cards will continue to come from the US economy as it always has.
Why are you worrying if the whales overpay for cards? By their nature, they overpay for things. They don't want to wait for bargains --- they don't have to, they're rich. If they pay top dollar to own things today, and lose interest and dump them for a loss tomorrow, so what. Being rich means never having to cry over a capital-gains-loss write-off.
Yes, pieces of cardboard have no intrinsic value. However, neither do the skills of hitting, fielding, and pitching a stitched piece of horsehide. Yet this simple sport generates billions of dollars of revenue each year because people love the game of baseball and have been passing this passion down from generation to generation for more than 150 years.
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