PWCC Statement on Recent Card Trimming Concerns

[Peter_Spaeth]

David at this point with due respect you're out there on a limb all by yourself. There is ZERO question he knew he was selling altered cards and by that I include trimmed ones. ZERO. He's admitted it to a number of people even if the massive evidence hasn't convinced you. There's no point in continuing this discussion, you're just making yourself look bad.

[vintagetoppsguy]

Originally Posted by Peter_Spaeth

David at this point with due respect you're out there on a limb all by yourself.

Thank you, Peter. I truly wear that as a badge of honor. I'm not like most members here. I can actually think for myself and I don't follow the herd. As I've already mentioned, I brought to light the dirty graders years ago in 2014. Everyone probably thought I was out on a limb all by myself then too. Nobody believed me then, looks like a lot do now.

3 years ago I was saying buy silver. I darn sure did. I feel a lot better about my silver purchases than most feel about their baseball card purchases right about now. What would you rather be holding onto right now? 50K in high grade cards or 50K in silver?

http://www.net54baseball.com/showthread.php?t=216582
Post 32

I saw all this years ago, Peter when all the over graded cards first started showing up. Grading mistakes happen, but it was way too much and too often just to be a mistake. I knew then that it was only a matter of time before it all imploded. So to say that I'm out on a limb by myself I take as a compliment. I'm also saying Brent doesn't get indicted. We'll revisit that one too somewhere down the road. I'll say I told you so and gladly be out there on a limb by myself.

[Peter_Spaeth]

Isn't silver at near an all time low?

[vintagetoppsguy]

Originally Posted by Peter_Spaeth

Isn't silver at near an all time low?

Wouldn't that be the time to buy? I'm still bullish on it.

Silver is pulled from the ground at a 9:1 ratio over gold. For every 9 ounces of silver that is mined, one ounce of gold is mined. So if it comes out of the ground at a 9:1 ratio, why is there a price difference of nearly 90:1?

Doesn't something have to give? Either gold comes down or silver goes up?

You can follow the herd. I'll be myself.

[Peter_Spaeth]

Originally Posted by vintagetoppsguy

Wouldn't that be the time to buy? I'm still bullish on it.

Silver is pulled from the ground at a 9:1 ratio over gold. For every 9 ounces of silver that is mined, one ounce of gold is mined. So if it comes out of the ground at a 9:1 ratio, why is there a price difference of nearly 90:1?

Doesn't something have to give? Either gold comes down or silver goes up?

You can follow the herd. I'll be myself.

I do think it may well go up from here but I read your post to be implying that you made a good move buying it 3 years ago which implied you had done well with it so far.
Your math seems flawed though, it isn't just a question of quantity but I am sure you know that.

[Peter_Spaeth]

https://www.oregonlive.com/business/...d-scandal.html

local press coverage

[swarmee]

Originally Posted by Peter_Spaeth

https://www.oregonlive.com/business/...d-scandal.html

Just because PWCC's statement uses passive voice to minimize their culpability doesn't mean the article writers have to follow their lead. I'd like to see active verb usage in the future.

[vintagetoppsguy]

Originally Posted by Peter_Spaeth

I do think it may well go up from here but I read your post to be implying that you made a good move buying it 3 years ago which implied you had done well with it so far.
Your math seems flawed though, it isn't just a question of quantity but I am sure you know that.

Read post #81 in the same thread. I sold a lot during that time.

[joshuanip]

Originally Posted by vintagetoppsguy

Wouldn't that be the time to buy? I'm still bullish on it.

Silver is pulled from the ground at a 9:1 ratio over gold. For every 9 ounces of silver that is mined, one ounce of gold is mined. So if it comes out of the ground at a 9:1 ratio, why is there a price difference of nearly 90:1?

Doesn't something have to give? Either gold comes down or silver goes up?

You can follow the herd. I'll be myself.

Gold has better momentum:
https://twitter.com/NorthmanTrader/s...14569693532162


Sorry let me post something about this topic to not get off point:

Originally Posted by Exhibitman

[vintagetoppsguy]

Originally Posted by joshuanip

Gold has better momentum:

If you like gold, buy gold. The point of my question remains the same. What would you rather be holding right now? 50K in gold? 50K in silver? 50K in some other investment of your choice? Or 50K in high grade cards?

In the thread I linked, the OP had probably 100+ suggestions of cards to invest in. I was the only one that suggested an alternative to cards. Whose investment advice looks better right now? My overall point is, I don't mind being out on that limb all by myself as Peter suggested.

[CuriousGeorge]

Not 50K in CLCT stock. Down over 9% today. I guess someone thinks they’re going to have a problem.

[Fuddjcal]

Originally Posted by Peter_Spaeth

Isn't silver at near an all time low?

Every idiot should have gold, silver and baseball cards in their portfolio....like I do.