Quote:
Originally Posted by JohnnyKilroy
The question is not about the stimulus money that people received. You are correct, people are not spending 1200, or whatever they got, on big cards. The question is about the fed “stimulating” the economy buy continuously printing money to keep us from imploding. So yes.. without a doubt.. it is a HUGE player in driving card prices up. I have to run, but I will explain later if someone doesn’t beat me to it.
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A couple thousand in a stimulus check is not going towards a $20k card, but a lot of people took that money months ago and put it into a card or cards of some sort and those cards may have increased in value greatly in the months since. It's very plausible that if someone put $2k into the right card that it could be worth $10k today, and after flipping said card they can turn around and put the profits into something they deem to be safer such as a great vintage card.
The recent surge in vintage coincided with a drop in a lot of modern cards. I think a lot of flippers who were playing the game buying modern cards like Luka in basketball started seeing how volatile that game could be when these current players struggle to live up to hype in a real time season. I believe a lot of people made a lot of money during the last number of months flipping these commodity cards of modern players and now could be sitting on a five or even six-figure bankroll that allows them to ''get serious'' and begin buying safe blue chip vintage cards that have traditionally held and gained value over the long term and won't be susceptible to the up's and downs of an active player's career. Ruth, Mantle, Jordan, Gretzky, Aaron, whomever... These guys won't break their leg tomorrow and see their value plummet.
I can't say this is accounting for everything we're seeing but I can tell you this, I've been doing the exact same thing myself going back to December of 2019. I've turned my 12 years of modern collecting equity into some amazing vintage cards for my PC that I never thought I'd own.