Posted By:
scott brockelmanThe market downturn may actually drive vintage card prices up. In most down markets investors often seek other avenues to make gains, turning to hard assets such as real estate, art, precious metals etc. all of which are used by the wealthy as investment vehicles, vintage cards are just another safe haven. Specifically I would be speaking of higher dollar cards, and/or condition rarities, not average grade t-cards o such.
I think most on this board would agree if they had $100 or $100,000 cold cash to invest right now they would be more prone to put it in cards that they know and love than the uncertainties of the market. Make no mistake the market will come back and come back stronger and higher but it will be many months or perhaps a year or 2 before that occurs. Meanwhile you could be holding a cherished piece of cardboard and realize a large gain at that time as well. Only one caveat with vintage cards, you HAVE TO BE ABLE TO SELL them, many fall in love and can't bear to reap the profits when they should sell out.
Scott