Hobby Resilience - Long Term

[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