Cards as an inflation hedge ?

[pawpawdiv9]

Originally Posted by Johnny630

No all Puff, Kabuki Theater

Pretty sure most people thought about bottling their own farts---but this take the cake here with NFT's
https://www.yahoo.com/news/reality-s...115059034.html
Made 200K ---

[Rhotchkiss]

This thread has gotten way off track. The topic is whether cardboard is a viable fledge to inflation.

I believe that it is, at least the time-tested, vintage stuff, from Cobb-Ruth to 1963 Pete Rose Rcs.

[Leon]

Originally Posted by Rhotchkiss

This thread has gotten way off track. The topic is whether cardboard is a viable fledge to inflation.

I believe that it is, at least the time-tested, vintage stuff, from Cobb-Ruth to 1963 Pete Rose Rcs.

I agree concerning the topic, Ryan.
I am not so sure about inflation when it comes to expensive cards. Is there inflation on a 1914 CJ Jackson in a 5 holder? Or is it more a collectibles increased value? And I don't know about others but if I pay 4 or 5 figures for a piece of paper I am not thinking about inflation.
That all said, sure, I guess cards can be a hedge to inflation. I prefer to think of them as increased or decreased value. I love collecting but I treat them as a cost basis, liquid asset.

Inflation bit this one hard as it sold for a lot less a half year earlier.
.

[KMayUSA6060]

Yes I think cards are being used to hedge inflation.

I am easily one of the least educated/experienced persons on this forum, but it doesn't take a genius to see the American Dollar is becoming more and more worthless. Currency is changing, as crypto becomes more and more legitimate. Government is printing money at will, and the basic economic principles aren't there for a healthy economy. The number of "financial gurus" and big time investors coming into the hobby are not by coinkydink. I do believe there is an element of manipulation at play when it comes to modern at the very least, but I think most vintage and especially pre-war are pretty safe places to park money; tangible assets with a huge interest base and limited supply that will only increase in the tiniest of amounts, if at all.

[KCRfan1]

Originally Posted by Rhotchkiss

This thread has gotten way off track. The topic is whether cardboard is a viable fledge to inflation.

I believe that it is, at least the time-tested, vintage stuff, from Cobb-Ruth to 1963 Pete Rose Rcs.

Thanks Ryan.

I have enjoyed the comments posted, but I we took a turn somewhere along the way....🤔

[SAllen2556]

The original question: are cards a hedge against inflation can't really be answered without discussing economics, can it?

I will just say to Bob C and Adam, I disagree with most of what you say, but time will tell. "Jacking up the deficit" is not a big issue - it's how that deficit is financed. Inflation is primarily a monetary phenomenon, produced by a more rapid increase in the quantity of money than in output. It's caused by government - every time, and it's actually a sneaky way to pay down the debt without increasing taxes.

And this line: "all of the handouts to the richest 10% of the population over the preceding 50 years that increased asset and income inequality to levels not seen in 130 years." is pure political tripe that is simply false and very blatantly crosses the "no politics" line.

We can look back a year from now and see what happened. If the government attempts to curb inflation by reducing the quantity of money and raising interest rates we will see unemployment rise and slower growth, and I think card prices will probably be stagnant.

I think cards are a pretty good hedge against inflation. If they can just hold their value for the next two years, I'd feel pretty good.

I got this just from a member before things went off the rails. I love this card!

1909 Cobb E95.jpg

[Johnny630]

Originally Posted by SAllen2556

The original question: are cards a hedge against inflation can't really be answered without discussing economics, can it?

I will just say to Bob C and Adam, I disagree with most of what you say, but time will tell. "Jacking up the deficit" is not a big issue - it's how that deficit is financed. Inflation is primarily a monetary phenomenon, produced by a more rapid increase in the quantity of money than in output. It's caused by government - every time, and it's actually a sneaky way to pay down the debt without increasing taxes.

And this line: "all of the handouts to the richest 10% of the population over the preceding 50 years that increased asset and income inequality to levels not seen in 130 years." is pure political tripe that is simply false and very blatantly crosses the "no politics" line.

We can look back a year from now and see what happened. If the government attempts to curb inflation by reducing the quantity of money and raising interest rates we will see unemployment rise and slower growth, and I think card prices will probably be stagnant.

I think cards are a pretty good hedge against inflation. If they can just hold their value for the next two years, I'd feel pretty good.

I got this just from a member before things went off the rails. I love this card!

Attachment 496817

This is what makes sense above 👆

[Johnny630]

What seems to be telling to me with collectors is of recent that kind of has me concerned. If a card comes along say it’s $10,000 or more and a collector really liked the card and wants to purchase. What I have been finding over the last several months is the person that wants to purchase this card cannot purchase the card without trading or selling another card that they have, I feel they have a low level of liquidity where they’re not able to purchase the card with cash.

If they believe their cards are worth more than they are and the card market drops, or pulls back from ridiculous inflated numbers of 2021 they’re not going to be able to sell these cards for a perceived price they think they’re worth the power, They may have bought during the FOMO of last year. I believe the liquidity in assets other than cards In the next coming years will be more powerful than the sad cards. This is just me

I’m not a rich wall street or white-collar Six figure man those guys will always have the power to pay up in the auctions. I’m just a blue-collar guy and from what I’ve observed in the trenches from shows, Facebook, IP, and eBay is a lot of blue-collar guys have too much money tied up in cards and not enough in liquid assets.

[Leon]

Originally Posted by Johnny630

What seems to be telling to me with collectors is of recent that kind of has me concerned. If a card comes along say it’s $10,000 or more and a collector really liked the card and wants to purchase. What I have been finding over the last several months is the person that wants to purchase this card cannot purchase the card without trading or selling another card that they have, I feel they have a low level of liquidity where they’re not able to purchase the card with cash.

If they believe their cards are worth more than they are and the card market drops, or pulls back from ridiculous inflated numbers of 2021 they’re not going to be able to sell these cards for a perceived price they think they’re worth the power, They may have bought during the FOMO of last year. I believe the liquidity in assets other than cards In the next coming years will be more powerful than the sad cards. This is just me

I’m not a rich wall street or white-collar Six figure man those guys will always have the power to pay up in the auctions. I’m just a blue-collar guy and from what I’ve observed in the trenches from shows, Facebook, IP, and eBay is a lot of blue-collar guys have too much money tied up in cards and not enough in liquid assets.

I have sold cards to help fund others many times. I feel they are very liquid.