Quote:
Originally Posted by frankbmd
I'm sticking with my argument.
A shiny Jeter is not the stock exchange, it's a house of cards.
A shiny Jeter is not an asset, where's the bank to would accept it as collateral?
|
Comparing cards to stocks is tough. There have been a multitude of stocks that would appear a safer investment but have have gone down substantially. You can lose on anything in life.
Would I rather put 200k into liquid financial investments? Yes.
That said the buyer might have 200 million already there and wants to handle this card and be able to say he has it.
We are actually moving in the direction of cards being used as collateral. It has been discussed on this message board.