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#6
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No one should have all of their savings tied up in cards, right? I think of cards like art or commodities. A certain percentage of investments can be in art-like stuff but there's a higher risk factor involved. If you look at an old copy of Tuff Stuff from 1994 you'll see that most cards haven't really risen much in value. It's the high-end graded stuff and the rarest of the rare that has gone bonkers. But if I had purchased an ex/mt 1973 Topps set in 1994, I would not have made a dime in 20 years.
Gold, by the way, has gone from $400 an ounce in 1994 to $1200 today. And just consider the guy who opened a card shop in 1990 and bought 100k worth of inventory. He lost his a$$! |
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