Goldin Vault

[Mark17]

Originally Posted by Fred

This almost sounds like you purchase a card, allow the auction company to hold on to it until you feel the time is right to allow the AH to put it up for auction again.

Yes, for people who treat their cards as assets, and think of their transactions as stock trading, that's exactly what it is. You buy a stock (or card,) hold it for some time, and eventually sell it when you think the market is favorable, or when you need the cash.

The vault makes it easy to buy and sell, and saves you shipping costs both ways, not to mention insurance if your stuff is very valuable.

Since I'm a traditional collector the vault isn't for me, but I can see how it might not be a bad concept for some.

[mrreality68]

Originally Posted by Mark17

Yes, for people who treat their cards as assets, and think of their transactions as stock trading, that's exactly what it is. You buy a stock (or card,) hold it for some time, and eventually sell it when you think the market is favorable, or when you need the cash.

The vault makes it easy to buy and sell, and saves you shipping costs both ways, not to mention insurance if your stuff is very valuable.

Since I'm a traditional collector the vault isn't for me, but I can see how it might not be a bad concept for some.

+1 agree

That is why it is important for each person to understand both how the vault works and what are the pro’s and con’s for each individual.

For me as a collector It is not right for me.

[Yoda]

I could possibly understand the vault concept for, say, a high grade Zion RC, but for a '33 Goudey Ruth never.