Quote:
Originally Posted by rats60
This started with basketball cards. Someone making 150k who was already spending money on the hobby suddenly gets 2400, more if he has kids, and can't spend money on vacations, movies, dining, etc. He puts that money into the right players, such as Jordan and LeBron, and now ~8 months later he easily has enough to buy even a low grade 1952 T Mantle before the recent run up after seeing ~10x gains.
There are lots of people whose income hasn't been effected at all and some who have seen a rise (medical related fields for instance). With another 2800+ coming, what are they going to spend it on? I don't see any bursting in the near future.
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And many new collectors came back into this hobby. And you know what, collecting card is addictive