Hobby Resilience - Long Term

[Yoda]

I just have to wonder where all collectibles values are heading as the world holds its breath about what is unfolding in the Ukraine. Already the stock market has been hammered the past month, energy prices are skyrocketing, inflation surging, interest rates rising and gold inching up towards $2,000 an ounce. One would think, at least short term, collectibles are going to take a hit.

[Touch'EmAll]

...stock market has been hammered. With stocks rather iffy, maybe even more money flows into cards.

[Foo3112]

I think some of you are thinking way too much into it comparing if the market continues being shaky, will this roll over and affect cards. I can say with 100% certainty (and for those of you have VCP, you can check for yourselves) that blue chips DO NOT lose value. Even when the market crashed in 2008 up until it began recovering in 2010, while prices with most assets were cut in half, cards like the 1952 Topps Mantles held their value and even continues rising. Although the economy can suffer, the rich will always have money and will continue to buy at high prices. Even if we did go to war in Europe, war happens to be very good for the US economy. It's what got us out of the "Great Depression in fact". It offers lots of jobs actually. Employment numbers rise dramatically. After WW2, lots of people lost their jobs and the economy sank again.

[Johnny630]

Originally Posted by Foo3112

I think some of you are thinking way too much into it comparing if the market continues being shaky, will this roll over and affect cards. I can say with 100% certainty (and for those of you have VCP, you can check for yourselves) that blue chips DO NOT lose value. Even when the market crashed in 2008 up until it began recovering in 2010, while prices with most assets were cut in half, cards like the 1952 Topps Mantles held their value and even continues rising. Although the economy can suffer, the rich will always have money and will continue to buy at high prices. Even if we did go to war in Europe, war happens to be very good for the US economy. It's what got us out of the "Great Depression in fact". It offers lots of jobs actually. Employment numbers rise dramatically. After WW2, lots of people lost their jobs and the economy sank again.

Exacto

[Kzoo]

Originally Posted by Yoda

I just have to wonder where all collectibles values are heading as the world holds its breath about what is unfolding in the Ukraine. Already the stock market has been hammered the past month, energy prices are skyrocketing, inflation surging, interest rates rising and gold inching up towards $2,000 an ounce. One would think, at least short term, collectibles are going to take a hit.

Our corrupt mainstream media has been instructed to use the Ukraine story line as a diversion from what is really going on here, and what is coming in the next 8 months. 'Look over there, but not here'. Same old playbook. Rinse and repeat. That's my opinion.

I personally think there's some really good deals out there right now when digging deep and being patient, and I'm guessing they're going to get even better in the near future.

[BobbyStrawberry]

Originally Posted by Kzoo

Our corrupt mainstream media has been instructed to use the Ukraine story line as a diversion from what is really going on here, and what is coming in the next 8 months.

That's rather vague...care to elaborate?

[Kzoo]

Originally Posted by BobbyStrawberry

That's rather vague...care to elaborate?

I don't mean this in a arrogant way as that's not my personality, but it's not 'vague' at all to folks that have been truly paying attention the last several years. The MSM spoon feeds their narrative on a daily basis to the 'masses' as a cover story to keep us from noticing the true corruption that is destroying our country. It's worked for years, but with the mid-terms in 8 months and a social media 'change' on the horizon, the tide is slowly changing and the large amount of censorship will be coming to an end. It will be very interesting as it plays out. Again, just my opinion. Everyone's entitled to their own.

[Touch'EmAll]

There have been quite a few new to the hobby collectors recently. While the majority of them may be starting with modern, I bet more of them move into vintage as time rolls on, rather than vintage guys move to modern. Basically, the demand for vintage will increase. Great for vintage resilience long term. Not sure if resilience is correct term - definition is ability to recover quickly from difficulties - I have not seen vintage go thru a difficult period to then rebound from. Rather perhaps plateau, but mostly just up.

[Hankphenom]

Originally Posted by Kzoo

I don't mean this in a arrogant way as that's not my personality, but it's not 'vague' at all to folks that have been truly paying attention the last several years. The MSM spoon feeds their narrative on a daily basis to the 'masses' as a cover story to keep us from noticing the true corruption that is destroying our country. It's worked for years, but with the mid-terms in 8 months and a social media 'change' on the horizon, the tide is slowly changing and the large amount of censorship will be coming to an end. It will be very interesting as it plays out. Again, just my opinion. Everyone's entitled to their own.

And I don't mean to be nasty, because that's not my personality at all, but my opinion of this is that it is the kind of paranoid nonsense that is actually in danger of destroying the country, or more precisely of dividing the country to the point that it destroys itself.

[Foo3112]

Originally Posted by Hankphenom

And I don't mean to be nasty, because that's not my personality at all, but my opinion of this is that it is the kind of paranoid nonsense that is actually in danger of destroying the country, or more precisely of dividing the country to the point that it destroys itself.

+1. Leave that stuff for Gab & Parler and let's bring it back to cards.

[Hankphenom]

Originally Posted by foo3112

+1. Leave that stuff for gab & parler and let's bring it back to cards.

100%

[Kzoo]

Originally Posted by Hankphenom

And I don't mean to be nasty, because that's not my personality at all, but my opinion of this is that it is the kind of paranoid nonsense that is actually in danger of destroying the country, or more precisely of dividing the country to the point that it destroys itself.

Fair enough Hank and Marc. A topic was raised, and I commented. I'm definitely not 'paranoid', just observant. We'll stick to cards.

[joshleon]

I collected coins briefly as a kid. I recall having a complete set of Franklin halves. I still remember the 49S as being the "tough" one. Looked them up on ebay last week and they sell for the exact same price as they did in 1986 (or at least as I recall). I sold the set in 1986 and bought vintage cards...

If only I had done the same with PanAm and Apple stock.

[BobbyStrawberry]

Originally Posted by Kzoo

I don't mean this in a arrogant way as that's not my personality, but it's not 'vague' at all to folks that have been truly paying attention the last several years. The MSM spoon feeds their narrative on a daily basis to the 'masses' as a cover story to keep us from noticing the true corruption that is destroying our country. It's worked for years, but with the mid-terms in 8 months and a social media 'change' on the horizon, the tide is slowly changing and the large amount of censorship will be coming to an end. It will be very interesting as it plays out. Again, just my opinion. Everyone's entitled to their own.

I appreciate the reply. I don't entirely disagree that corruption is destroying the country, but I don't see the connection to "censorship." Also, what is the "social media 'change'" on the horizon?

Most of all, what does any of this have to with projecting card values?

(I don't mean any of this in an arrogant way either. Genuinely interested in hearing collectors' opinions. Thanks)

[Exhibitman]

Originally Posted by Kzoo

I don't mean this in a arrogant way as that's not my personality, but it's not 'vague' at all to folks that have been truly paying attention the last several years. The MSM spoon feeds their narrative on a daily basis to the 'masses' as a cover story to keep us from noticing the true corruption that is destroying our country. It's worked for years, but with the mid-terms in 8 months and a social media 'change' on the horizon, the tide is slowly changing and the large amount of censorship will be coming to an end. It will be very interesting as it plays out. Again, just my opinion. Everyone's entitled to their own.

Thanks, Dale...when are the black UN helicopters coming?



Seriously, take the political stuff to a political web site. We discuss cards here.

[Foo3112]

Seriously, take the political stuff to a political web site. We discuss cards here.

Your post is also unnecessary. No need to bring up something that happened a couple of days ago just because you were late to the party. This was discussed, handled, and all parties agreed to move on, yet you felt your voice also needed to be heard.

[Leon]

Originally Posted by Foo3112

Your post is also unnecessary. No need to bring up something that happened a couple of days ago just because you were late to the party. This was discussed, handled, and all parties agreed to move on, yet you felt your voice also needed to be heard.

Not sure why giving a belated opinion is unnecessary. I do it quite frequently. But to reiterate, lets try to stick to cards..

Concerning hobby resilience, I will always like looking at this card, valuable or not. And since my daughter doesn't collect, I don't care as much what future generations do.
As the OP mentioned, vintage has never let me down.
.

[Johnny630]

Vintage is only going up…if you get a correction in quality vintage it’s only a short term thing….buy it.

Way way to Much Money Is Invested In Quality Vintage Cards not by guys like us who are collectors, we are the collateral beneficiaries, by guys who are strictly big card money buying investors.

[Hankphenom]

Originally Posted by Johnny630

Vintage is only going up…if you get a correction in quality vintage it’s only a short term thing….buy it. Way way to Much Money Is Invested In Quality Vintage Cards not by guys like us who are collectors, we are the collateral beneficiaries, by guys who are strictly big card money buying investors.

I think you might be right, that our collectibles have become, in the perception of the marketplace, a reliable currency unto themselves even more than such standards as precious metals, diamonds, etc., which have always risen and fallen in value.