Posted By:
Fred CDoesn't there have to be a sustainable market for these cards if someone is going to use them as an investment vehicle?
If investors got into the cards then at some point in time the person or entity willing to pay the highest price for a card will own it, then what? If nobody is willing to pay more for it then there's only one way for the price to go.
What happens if all the investors want to cash out and nobody's willing to buy the cards for the price specified? The cards will either be sold for a loss or the person has to sit on them for an indefinite period of time in hopes of a turn around but by that time the investor may have missed the boat on another opportunity.
Have you ever heard the old saying that when the egg man drops by to sell you eggs you can name your price, if you go to the egg man than you're going to have to deal with his terms/price. If someone approaches someone to sell their cardboard then more than likely the potential buyer is in a good position to negotiate a good deal and there's a good chance they'll pay the seller less than what they paid for it. Who knows - in ten years there may not be a huge demand for the cards, then what? Mr. Hedgefund could be building a "house of cards" which could fall down at any time.
Like I always say, I hope the price of this stuff drops like a rock. It'd be nice to clear out the investors and allow collectors to enjoy thier hobby, again. My guess is that there are a lot of long time hard core true collectos out there that will never be able to complete certain sets due to the recent financial dynamics of this hobby.
Crash and burn baby. Crash and burn. I'd be happy to see the monetary market on cards crash.
I bet I'm not the only one that feels this way.