Printing More Money vs. High Card Prices

[rats60]

Originally Posted by packs

I don't know if I understand how stimulus checks are related. Personally, I've received less than $2,000 the entire pandemic. I don't see how that would open a door for me to buy a 20K card.

There are people getting the full 3600, with another 2800 coming, that don't need that money. Add in money not spent on vacations, going to cards shows, going to games, going out to eat and to movies, etc and there is plenty of extra money being spent on cards.

It is not like this happened overnight. Stimulus checks started hitting last April. Vintage really started jumping in January. That is plenty of time for guys to flip cards and have 5 figures to buy cards. There were huge run ups in modern cards, especially basketball and Project 2020, last year and guys have moved from prospects into legends as more stable investments. This is not the whole cause, but is one of several major factors.

[dio]

Originally Posted by rats60

There are people getting the full 3600, with another 2800 coming, that don't need that money. Add in money not spent on vacations, going to cards shows, going to games, going out to eat and to movies, etc and there is plenty of extra money being spent on cards.

It is not like this happened overnight. Stimulus checks started hitting last April. Vintage really started jumping in January. That is plenty of time for guys to flip cards and have 5 figures to buy cards. There were huge run ups in modern cards, especially basketball and Project 2020, last year and guys have moved from prospects into legends as more stable investments. This is not the whole cause, but is one of several major factors.

I think money first goes to modern. And some gain so much start moving asset to more conservative and know vintage is better long run. They saw vintage market is undervalue for so long.

[packs]

That's a lot of benchmarking and criteria to clear for stimulus money to have anything to do with a 20K card.

[bnorth]

Originally Posted by rats60

There are people getting the full 3600, with another 2800 coming, that don't need that money. Add in money not spent on vacations, going to cards shows, going to games, going out to eat and to movies, etc and there is plenty of extra money being spent on cards.

It is not like this happened overnight. Stimulus checks started hitting last April. Vintage really started jumping in January. That is plenty of time for guys to flip cards and have 5 figures to buy cards. There were huge run ups in modern cards, especially basketball and Project 2020, last year and guys have moved from prospects into legends as more stable investments. This is not the whole cause, but is one of several major factors.

The stimulus checks are a smaller part. I have a few friends that got laid off. They are getting normal unemployment checks and a huge extra check every week. They are making WAY more money not working than they would make actually working. I could see this increasing the sales of cheaper(under 2K) cards but not the insane rise in the 2K+ cards.