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Short answer to Leon... not directly. However the easy money is somewhat related as I do believe that the stock market is more likely tied to the rise in card prices. There are an awful lot of people in the US that make far, far more money and have far greater assets than they or their families will EVER be able to spend. Nobody NEEDS $1B, let alone hundreds of millions. At some point it's just a way to keep score and the whole concept of money as reality goes away.
Some with unlimited resources just want stuff and will outbid anyone else...well, because they can. And it only takes two to tango in an auction. Imagine if Elon Musk and Jeff Bezos decided they wanted a certain high-end marquee card! I also believe there is a certain level of "pump and dump" action going on. My 2 cents. FWIW I'm in the bottom 50% statistically, and got both stimulus payments of which 100% went to pay bills. |
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