Quote:
Originally Posted by JustinD
I have seen this same video done many times recently. All these people that bought into Geoff Wilson's "Sportscard Investor" crap and the like during an obvious temporary spike.
The amount of credit card debt these folks took on and the needed price corrections will cause a flood of these junk slabs to hit the market. Fads come and go, most of these newbies will be stuck with a bankruptcy and boxes of crap as deep as the 88-to mid 90's crap wax people were buried under till they were able to pass it on to new suckers in the past 3 years.
At least the bankruptcy lawyers will make a ton over the next 4 years.
This is a good example of what is really going on behind the gambling scene -
https://www.youtube.com/watch?v=BWcVIsp43Rc |
That is a great video.
I did a lot of case/box buying from the late 80s till around 2002/3. From the beginning of eBay until around 2001 I don't think I lost money on a box. Then it almost instantly went to you rarely broke even and you better have the new product first to get the best prices to break even.
Now once in a while I will buy a box of junk wax to open and throw away.
