Cards as an inflation hedge ?

Exhibitman · #1 01-07-2022, 09:24 AM

Quote:

Originally Posted by Peter_Spaeth

We know for a fact that was happening with some regularity in 2016 and I think it likely is happening again in some form.

it is absolutely the case. If you use PSA's online price database and search for popular postwar cards you see sale after sale of the same cert #s month after month from PWCC and Probstein. That's not a legitimate collector suddenly deciding he doesn't want his 1954 Aaron, it is a shilled card that the winner never closed on because he already owns it.

Peter_Spaeth · #2 01-07-2022, 09:30 AM

Quote:

Originally Posted by Exhibitman

it is absolutely the case. If you use PSA's online price database and search for popular postwar cards you see sale after sale of the same cert #s month after month from PWCC and Probstein. That's not a legitimate collector suddenly deciding he doesn't want his 1954 Aaron, it is a shilled card that the winner never closed on because he already owns it.

And the "sale" prices get picked up by VCP and off we go.

Shoeless Moe · #3 01-07-2022, 09:50 AM

So did the Frogman really sell in the Fall?

https://goldinauctions.com/Honus_Wag...LOT118039.aspx

because it's back at Goldin:

https://goldin.co/item/honus-wagner-...ollectionqdbfp

Johnny630 · #4 01-07-2022, 09:53 AM

Quote:

Originally Posted by Shoeless Moe

So did the Frogman really sell in the Fall?

https://goldinauctions.com/Honus_Wag...LOT118039.aspx

because it's back at Goldin:

https://goldin.co/item/honus-wagner-...ollectionqdbfp

No all Puff, Kabuki Theater

pawpawdiv9 · #5 01-08-2022, 10:49 AM

Quote:

Originally Posted by Johnny630

No all Puff, Kabuki Theater

Pretty sure most people thought about bottling their own farts---but this take the cake here with NFT's
https://www.yahoo.com/news/reality-s...115059034.html
Made 200K ---

Rhotchkiss · #6 01-08-2022, 12:33 PM

This thread has gotten way off track. The topic is whether cardboard is a viable fledge to inflation.

I believe that it is, at least the time-tested, vintage stuff, from Cobb-Ruth to 1963 Pete Rose Rcs.

Leon · #7 01-08-2022, 12:55 PM

Quote:

Originally Posted by Rhotchkiss

This thread has gotten way off track. The topic is whether cardboard is a viable fledge to inflation.

I believe that it is, at least the time-tested, vintage stuff, from Cobb-Ruth to 1963 Pete Rose Rcs.

I agree concerning the topic, Ryan.
I am not so sure about inflation when it comes to expensive cards. Is there inflation on a 1914 CJ Jackson in a 5 holder? Or is it more a collectibles increased value? And I don't know about others but if I pay 4 or 5 figures for a piece of paper I am not thinking about inflation.
That all said, sure, I guess cards can be a hedge to inflation. I prefer to think of them as increased or decreased value. I love collecting but I treat them as a cost basis, liquid asset.

Inflation bit this one hard as it sold for a lot less a half year earlier.
.

KCRfan1 · #8 01-09-2022, 12:32 AM

Quote:

Originally Posted by Rhotchkiss

This thread has gotten way off track. The topic is whether cardboard is a viable fledge to inflation.

I believe that it is, at least the time-tested, vintage stuff, from Cobb-Ruth to 1963 Pete Rose Rcs.

Thanks Ryan.

I have enjoyed the comments posted, but I we took a turn somewhere along the way....🤔

iwantitiwinit · #9 01-07-2022, 09:55 AM

Simple laws of economics, there is simply too much money chasing too few goods. Vintage will hold its value or increase. You see the same thing happening with vintage cars, watches, art, etc.and I don't see it abating. Additionally, supply cannot increase while population, money supply, the wealthy getting wealthier, etc. are all increasing rapidly. Relative to using cards as an inflation hedge theoretically it could provide some protection but there are much more efficient ways, ie. buying the TBT which is the double inverse of the 20yr Treasury, as yields rise it trades higher.

JohnnyKilroy · #10 01-07-2022, 10:23 AM

Over 40% of money in circulation was �printed� in 2020. It�s just a matter of pouring a ton of cash into the system combined with an industry that was primed for surge. So, �stimulus� related, but not from stimulus checks. And cards weren�t the only thing that went up!

Now the question is if they�re a decent idea for hedging against inflation. Tough call. Some believe there will be a �great reset� with our financial system and economy. Some believe this is just the beginning. With metaverse, NFTs, crypto, etc� we�re either gearing up for another bubble, or an evolutional shift. I�ve read interesting pieces on both sides. With baseball cards, I play it like others have mentioned. The most basic advice. Don�t gamble what you can�t afford to lose and there�s nothing wrong with a little diversification. The bonus is you get to enjoy them!

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