Hobby Resilience - Long Term

Hankphenom · #1 02-21-2022, 04:16 PM

Quote:

Originally Posted by Exhibitman

I think there is some (understandable) reluctance to flash huge piles of cash at public events. I would guess that the biggest deals are not done in plain view of the public at a card show.

That's what I thought. Who would be dumb enough to do that, unless it was part of some scam directed at those watching? You would at least take it to the back of the table behind some boxes or something.

molenick · #2 02-22-2022, 10:04 AM

Lately, my participation in the hobby has been to see if any cards in an auction are ones that I own*, and then hope they sell for more than I paid, so that when I look at VCP it shows a net gain. That way "on paper" (technically "on screen") I am getting richer!

Basically, I can't participate to the level I used to because the cards I like to buy (higher condition cards for sets I am putting together; rarer type cards in nice but not top condition) have gotten too expensive. So I either need to drop my standards and have sets with grades far apart or sell off partially completed sets to fund other purchases.

* I don't mean cards I consigned, I mean the same card in the same condition as one that I own...but not my actual card

abothebear · #3 02-22-2022, 10:43 AM

I don't know as much as most of y'all about what is going on out there. But lately, I have seen a lot of people that have that same collector addiction in the modern realm that I saw in the 80s and 90s. Just like in the 80s and 90s, the market is set in the year it comes out into the next year. Most of the value degrades after that. A few things will go up. But the very high-priced stuff is a crapshoot and doesn't matter to most collectors since they are 1 of 50s or less. But there are people that are trying to put sets together. They'd rather buy the boxes or cases than the factory sets for the chance at the inserts. But they still try to build the sets.

I don't know what that means, but I wonder if many of them start working backward when they get tired of riding the crest of the wave.

Yoda · #4 02-22-2022, 11:08 AM

I just have to wonder where all collectibles values are heading as the world holds its breath about what is unfolding in the Ukraine. Already the stock market has been hammered the past month, energy prices are skyrocketing, inflation surging, interest rates rising and gold inching up towards $2,000 an ounce. One would think, at least short term, collectibles are going to take a hit.

Touch'EmAll · #5 02-22-2022, 11:26 AM

...stock market has been hammered. With stocks rather iffy, maybe even more money flows into cards.

Foo3112 · #6 02-22-2022, 11:55 AM

I think some of you are thinking way too much into it comparing if the market continues being shaky, will this roll over and affect cards. I can say with 100% certainty (and for those of you have VCP, you can check for yourselves) that blue chips DO NOT lose value. Even when the market crashed in 2008 up until it began recovering in 2010, while prices with most assets were cut in half, cards like the 1952 Topps Mantles held their value and even continues rising. Although the economy can suffer, the rich will always have money and will continue to buy at high prices. Even if we did go to war in Europe, war happens to be very good for the US economy. It's what got us out of the "Great Depression in fact". It offers lots of jobs actually. Employment numbers rise dramatically. After WW2, lots of people lost their jobs and the economy sank again.

Johnny630 · #7 02-22-2022, 12:11 PM

Quote:

Originally Posted by Foo3112

I think some of you are thinking way too much into it comparing if the market continues being shaky, will this roll over and affect cards. I can say with 100% certainty (and for those of you have VCP, you can check for yourselves) that blue chips DO NOT lose value. Even when the market crashed in 2008 up until it began recovering in 2010, while prices with most assets were cut in half, cards like the 1952 Topps Mantles held their value and even continues rising. Although the economy can suffer, the rich will always have money and will continue to buy at high prices. Even if we did go to war in Europe, war happens to be very good for the US economy. It's what got us out of the "Great Depression in fact". It offers lots of jobs actually. Employment numbers rise dramatically. After WW2, lots of people lost their jobs and the economy sank again.

Exacto

Kzoo · #8 02-22-2022, 11:44 AM

Quote:

Originally Posted by Yoda

I just have to wonder where all collectibles values are heading as the world holds its breath about what is unfolding in the Ukraine. Already the stock market has been hammered the past month, energy prices are skyrocketing, inflation surging, interest rates rising and gold inching up towards $2,000 an ounce. One would think, at least short term, collectibles are going to take a hit.

Our corrupt mainstream media has been instructed to use the Ukraine story line as a diversion from what is really going on here, and what is coming in the next 8 months. 'Look over there, but not here'. Same old playbook. Rinse and repeat. That's my opinion.

I personally think there's some really good deals out there right now when digging deep and being patient, and I'm guessing they're going to get even better in the near future.

BobbyStrawberry · #9 02-22-2022, 11:46 AM

Quote:

Originally Posted by Kzoo

Our corrupt mainstream media has been instructed to use the Ukraine story line as a diversion from what is really going on here, and what is coming in the next 8 months.

That's rather vague...care to elaborate?

Kzoo · #10 02-22-2022, 12:15 PM

Quote:

Originally Posted by BobbyStrawberry

That's rather vague...care to elaborate?

I don't mean this in a arrogant way as that's not my personality, but it's not 'vague' at all to folks that have been truly paying attention the last several years. The MSM spoon feeds their narrative on a daily basis to the 'masses' as a cover story to keep us from noticing the true corruption that is destroying our country. It's worked for years, but with the mid-terms in 8 months and a social media 'change' on the horizon, the tide is slowly changing and the large amount of censorship will be coming to an end. It will be very interesting as it plays out. Again, just my opinion. Everyone's entitled to their own.

Johnny630 · #11 02-22-2022, 11:50 AM

Vintage is only going up�if you get a correction in quality vintage it�s only a short term thing�.buy it.

Way way to Much Money Is Invested In Quality Vintage Cards not by guys like us who are collectors, we are the collateral beneficiaries, by guys who are strictly big card money buying investors.

Hankphenom · #12 02-22-2022, 05:03 PM

Quote:

Originally Posted by Johnny630

Vintage is only going up�if you get a correction in quality vintage it�s only a short term thing�.buy it. Way way to Much Money Is Invested In Quality Vintage Cards not by guys like us who are collectors, we are the collateral beneficiaries, by guys who are strictly big card money buying investors.

I think you might be right, that our collectibles have become, in the perception of the marketplace, a reliable currency unto themselves even more than such standards as precious metals, diamonds, etc., which have always risen and fallen in value.

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