Card prices tipping point?

[Hankphenom]

Originally Posted by raulus

About the time that everyone insists that prices only go up is a sign that we’re due for some nice declines. And I suspect many of us would welcome some declines.

I was interested in the posts detailing the periods in the 90s, aughts, and teens when prices of cards stalled or even backtracked some. We tend to forget about those. At the same time, like everything else in our lives, prices of our collectibles has indisputably made a steady march upward since about 1970 or so. I'm not sure this has been more on a percentage basis than cars, houses, candy bars, gold, electricity, cheeseburgers, etc., etc., etc., but the graph would look quite similar, I'm sure. Is the recent run-up on the top-tier items a bubble? Is gold? Are stocks? I have no clue. Clearly, there is a sh*tload of money floating around the world (see "Debt, U.S. Treasury, seemingly endless supply of buyers for..."), but that can change virtually overnight once things start to contract in a serious pullback of the overall economy. Personally, I wouldn't want to be jumping into any of these markets right now, but what do I know? On the other hand, that gorgeous Superman #1 that went for 9M a few days ago is high art, for sure, and I think even a young man could die waiting for it to come down from there. Some of our stuff is also in that class, I believe.