Quote:
Originally Posted by Johnny630
No doubt, I don't disagree. The point of my comment was this whole hype of fractionalizing shares of cards was an attempt to bring in perspective investors into BIG Time Expensive Cards that couldn't normally be purchased outright by most people due to the cost. To me in order for the card to be consider a Investment Type "Hard Asset Vehicle" Like Gold or Silver you need to actually own and posses said card. Not pieces of it.
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Hey, I'm with you Johnny, but in the end, it seems to be the same idea/concept that you then actually own a piece of a physical card that does exist. Kind of like how card companies cut up bats and jerseys to create GUs cards for people that otherwise may not be able to afford buying the entire GU bat or jersey for their collection. At least it seems a little better than buying into an NFT or a crypto-currency that has absolutely nothing physical actually backing your investment up.
Having said all that, aren't there monetary and other types of funds you can buy into that supposedly do all the investing/buying, and then holding, those physical gold and silver assets for you as well? If so, then it isn't always all about having physical access/possession of an item. In the end, if there's any way someone can come up with an idea to make a buck off of someone else, they've already done it, or they're working on it. And that you can bet on! LOL