Vintage Card Performance During A Recession

[barrysloate]

The only reason people are discussing a recession is that there are certain signs that have presaged past recessions that are beginning to show up now. This doesn't mean that there will definitely be one, and it doesn't tell us when it will occur. It merely means there are worrying signs out there so it is in everyone's best interest to pay attention.

As far as the future of the hobby, we can only guess. I think there will always be money available for the very rare and the highest graded cards. Where the hobby might have problems is that there will likely be fewer collectors piecing together 1958 Topps sets in VG-EX condition. That area of the hobby is likely to shrink over time.

Things are changing and I think baseball cards will head in the same direction as coins and stamps- collectors are getting older and for every young collector who comes in, two or three older ones will either drop out or die. That could be troublesome for the future of the hobby. But this is only a prediction, not a guarantee of what will happen.

[JackW]

Originally Posted by barrysloate

The only reason people are discussing a recession is that there are certain signs that have presaged past recessions that are beginning to show up now.

I don't think "certain signs" are the *only" reason discussions of a recession are picking up.

[barrysloate]

Originally Posted by JackW

I don't think "certain signs" are the *only" reason discussions of a recession are picking up.

There are different opinions, of course, but that is my take. Am I right or wrong? I haven't a clue.

[Econteachert205]

Yield curve inversion (2yr/10yr) is the indicator that is driving much of the speculation.

[Throttlesteer]

Originally Posted by JackW

I don't think "certain signs" are the *only" reason discussions of a recession are picking up.

I'm picking up what you're putting down. Some seem more than excited about it too.

[trdcrdkid]

Originally Posted by JackW

I don't think "certain signs" are the *only" reason discussions of a recession are picking up.

I honestly don’t know what you’re trying to say here.

[KCRfan1]

People who look for recession indicators typically look at the following: GDP ( gross domestic product number ) , actual or real income , employment numbers , retail sales , and industrial production.

None of these areas are really lagging.

However, nobody has a crystal ball.

Recessions come and go, bull markets come and go. Neither lasts forever.

In terms of collectables, buy what you like and what you love, AND WHAT YOU CAN AFFORD TO LOSE IF IT GOES TO ZERO VALUE.

[egri]

Regardless of when the next recession hits (and I’ve been hearing for 4-5 years that it’s just around the corner) I would not look to cards as a safe haven. It’ll be a good time to be buying, not selling.