Analysis of PWCC Vintage Auction 10/13/19

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#24

10-18-2019, 11:20 AM

frankbmd

Fr@nk Burke++

Member

Join Date: Nov 2011

Location: Between the 1st tee and the 19th hole

Posts: 7,595

Quote:

Originally Posted by Dpeck100

Comparing cards to stocks is tough. There have been a multitude of stocks that would appear a safer investment but have have gone down substantially. You can lose on anything in life.

Would I rather put 200k into liquid financial investments? Yes.

That said the buyer might have 200 million already there and wants to handle this card and be able to say he has it.

We are actually moving in the direction of cards being used as collateral. It has been discussed on this message board.

I'm not finding Net54 on any list of major lenders. If Leon is accepting cards as collateral, perhaps he can explain how that is structured.

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