That's why I waited 14 years to purchase this card...what once would have cost me $1200, I picked up for $5...poorly listed auction w/o refractor in the title or listing...but still, it's a $20 card at most.
<< <i>That's why I waited 14 years to purchase this card...what once would have cost me $1200, I picked up for $5...poorly listed auction w/o refractor in the title or listing...but still, it's a $20 card at most.
>>
What is the pop on that card? How many have been graded?
while all the things you state are true, except I don't see a 65-70% drop in gold possibly 30 to 50%, but one thing is for sure an ounce of gold will always be worth more than an ounce of silver and both will always be worth more than an ounce of cardboard . >>
you know, you are right, I took another look at it and the price with inflation factored in would put it at around $705 per oz., so barring any new discoveries, it should drop by 30-40% when investors stop over-inflating it. With any new discoveries that increase the supply the price could drop further than that. >>
you forgot to factor in that there are HUGE amounts of NEW GOLD BUYERS right around the corner....think China and India where the population of those able to afford GOLD is going to Triple in the next decade....This group is LARGER than ALL the current Gold Buyers!!
Everything may be "Made in China", but GOLD is not on of them!
while all the things you state are true, except I don't see a 65-70% drop in gold possibly 30 to 50%, but one thing is for sure an ounce of gold will always be worth more than an ounce of silver and both will always be worth more than an ounce of cardboard . >>
you know, you are right, I took another look at it and the price with inflation factored in would put it at around $705 per oz., so barring any new discoveries, it should drop by 30-40% when investors stop over-inflating it. With any new discoveries that increase the supply the price could drop further than that. >>
you forgot to factor in that there are HUGE amounts of NEW GOLD BUYERS right around the corner....think China and India where the population of those able to afford GOLD is going to Triple in the next decade....This group is LARGER than ALL the current Gold Buyers!!
Everything may be "Made in China", but GOLD is not on of them! >>
Indians already have tons of gold and the CHinese will blow their load on JADE. If the japanese didnt buy gold during their boom, non of the asians will.
The stock market is already anticipating a huge Republican victory in November which would be good for business, and fiscal sanity hopefully returning to the United States - in my opinion gold may not tumble, but I think the upside potential of gold is very limited at this point.
I missed the whole thing. Stopped collecting in '84, sold in '85 I bought a few FB packs here and there from 1996-99 and just thru em in binders and saved them to this day
A few years ago I dug out the binders I saved and wanted to check the value of a 1998 Bowman Chrome Peyton Manning I had in the binder and that was the day I discovered graded cards. Looked on E-Bay and seen my 1st graded card. Just me seeing that a graded Manning sold for more then a raw Manning made me look into PSA.
So If I didn't save those cards and look on E-Bay I don't think I would have ever got back into collecting. I'm very happy I came back and now I get to pick up cards I used to have or always wanted.
Here is the card that brought me back
Now I'm stuck with those worthless binders........ lol
Mark -------------------------------------------- NFL HOF RC SET
Yes, it is fun to buy and collect and have a nice collection. Let's not kid ourself when it comes to having a collection you always want to see it go up in value. When you have a long period of time and all you do is collect and the product becomes worthless it hurts the business.
Stone193 is right. I bought tens of thousands of cards in the early 80's. I spent countless hours trading them, organizing them, memorizing the stats on their backs....then I discovered girls. The cards went into storage for years. When I finally pulled them out of the attic, I discovered most were not worth the cardboard they were printed on. I ended up giving 7 or 8 of those 5,000 count card storage boxes away to a friend of mine's son. He did the same thing I did with them...enjoyed them for a time. I hope he passes them on to someone else someday too. As for me, I just started putting some of those old sets together again.
You want to really have fun, get a guy who wants to sell his collection of cards that is mostly late 80's junk. Have him quote to you how "valuable" they are and things he is going to do with the money and watch the denial on his face when you tell him his stuff is worth ZERO, that you wouldnt give him $5 for it.
So true, The idea 1/1 of is rare is comical. They forget to tell you there are seven different colors and refractors and and a ton of brands with the same gimic.
Most of that junk will be worthless long term. Will there be examples that become quite valuable, perhaps. But bottom line you can not create true rarity.
The good thing about collecting stamps (or coins) is that you'd never see anyone burning a huge pile of stamps like we see now on youtube with 80s baseball cards. That said, my mother-in-law used to collect stamps thinking it would make her rich. Now she uses all of these stamps with postage like 24 cents to add up to the cost of mailing a letter. When my wife and I sent out our wedding invitations using these stamps, our guests would comment what cool old stamps we were using!
This hobby is for fun, but if you want to also view it as an investment, I think you have to look at what you think will stand the test of time. That is, what collectors of the hobby will always want to collect. That said, in my opinion, it's always going to be Hall of Famers, their rookie cards, and key sets (like 52 Topps). I collect vintage and Ruth cards, partly because I think they'll always be value in these cards. Saying this, however, these cards might not drop to 0, but they could still drop significantly in value like house prices these days. So practically anything you buy in the hobby carries some risk.
Investment class cards are an alternative investment asset class. The best part is no matter what happens they are never worthless.
You have a physical item that you can either choose to hold or sell but it never evaporates. You can make money, break even or lose money but you maintain physical control of your item and it is up to you to figure out what to do with it.
I am in financial investments and there have been plenty of examples of investments that simply evaporate and go to money heaven.
At least with cards you get to collect something and potentially make money doing something you enjoy.
Comments
<< <i>
<< <i>....I didnt just wake up every morning to scrambled eggs and a 200$ bill....... >>
Who's on the 200? Alfred E. Neuman?
Please keep all currency related questions in the currency forum. Go start a thread witht hat title in it
ps...stick with 2001 cards and you will be ok....
<< <i>That's why I waited 14 years to purchase this card...what once would have cost me $1200, I picked up for $5...poorly listed auction w/o refractor in the title or listing...but still, it's a $20 card at most.
What is the pop on that card? How many have been graded?
Ryan
1951 Topps Red backs psa 8 only!
1960 Golden Press Presidential set Psa 8 's - Psa 9's
1961 Golden Press psa 9's
1976 Topps baseball psa 9 Stars
1980 Kelloggs baseball Psa 9's - Psa 10's
1988-1989 Fleer Basketball psa 9's
1988-1989 Fleer Stickers psa 9's
1989-1990 Fleer Basketball psa 10's
1992 Coca-Cola Donruss Nolan Ryan 1-26 Psa 10 only Gpa 9.80++ E-mail Newyork00007@aol.com
<< <i>
<< <i>
while all the things you state are true, except I don't see a 65-70% drop in gold possibly 30 to 50%, but one thing is for sure an ounce of gold will always be worth more than an ounce of silver and both will always be worth more than an ounce of cardboard .
you know, you are right, I took another look at it and the price with inflation factored in would put it at around $705 per oz., so barring any new discoveries, it should drop by 30-40% when investors stop over-inflating it. With any new discoveries that increase the supply the price could drop further than that. >>
you forgot to factor in that there are HUGE amounts of NEW GOLD BUYERS right around the corner....think China and India where the population of those able to afford GOLD is going to Triple in the next decade....This group is LARGER than ALL the current Gold Buyers!!
Everything may be "Made in China", but GOLD is not on of them!
<< <i>
<< <i>
<< <i>
while all the things you state are true, except I don't see a 65-70% drop in gold possibly 30 to 50%, but one thing is for sure an ounce of gold will always be worth more than an ounce of silver and both will always be worth more than an ounce of cardboard .
you know, you are right, I took another look at it and the price with inflation factored in would put it at around $705 per oz., so barring any new discoveries, it should drop by 30-40% when investors stop over-inflating it. With any new discoveries that increase the supply the price could drop further than that. >>
you forgot to factor in that there are HUGE amounts of NEW GOLD BUYERS right around the corner....think China and India where the population of those able to afford GOLD is going to Triple in the next decade....This group is LARGER than ALL the current Gold Buyers!!
Everything may be "Made in China", but GOLD is not on of them! >>
Indians already have tons of gold and the CHinese will blow their load on JADE.
If the japanese didnt buy gold during their boom, non of the asians will.
Steve simply was making an observation.
Unlike a certain somebody who actually did call someone out.
Steve
Buying at 1000+ seems risky to me, but then again I said that to myself when it was 500.00
Steve
I will not fall into to this scam that 87 topps boxes being 23 yrs old aren't worth at least 10 bucks .
or that griffey Jr. autos real ones are only worth 10 bucks, stop the insanity now and bid on my auctions (before my head explodes).
or just send me some cold hard cash.
quit whining and buy some copper I hear it will go up before long.
PS : steve buy gold now at 1100 and sell at 1300 it's simple unless gold drops to 677.88888 . then it sucks.
I bought a few FB packs here and there from 1996-99 and just thru em in binders and saved them to this day
A few years ago I dug out the binders I saved and wanted to check the value of a 1998 Bowman Chrome Peyton Manning I had in the binder and that was the day I discovered graded cards. Looked on E-Bay and seen my 1st graded card. Just me seeing that a graded Manning sold for more then a raw Manning made me look into PSA.
So If I didn't save those cards and look on E-Bay I don't think I would have ever got back into collecting.
I'm very happy I came back and now I get to pick up cards I used to have or always wanted.
Here is the card that brought me back
Now I'm stuck with those worthless binders........ lol
Mark
--------------------------------------------
NFL HOF RC SET
Steve
<< <i>I agree, the time to buy gold was when it was between 250 an 400.00 an oz.
Buying at 1000+ seems risky to me, but then again I said that to myself when it was 500.00
Steve >>
Way to go "out on a limb" Steve. You picked the lowest price gold has seen in the past 30 years and say "that was the time to buy".
I wouldn't say your were "scammed" but rather involved in the hobby and values decreased.
For some that feel jaded - I get the idea they had some kind of 'investment' motive?
I had alot of fun in the 90s with my son and all the excitement over the latest 'something' - and am glad I had fun.
Alot of the stuff I have will wind up being donated - and that's fine.
Many hobbies have no ROI - like golf - ya just have fun (or not?).
<< <i>Pay $1000 today sell same for $200 next year.This is a Hobby which was meant for fun not intended as a get rich scheme. >>
10$ packs are DEFINETLY a get rich scheme, just not for the collector.
<< <i>
<< <i>Pay $1000 today sell same for $200 next year.This is a Hobby which was meant for fun not intended as a get rich scheme. >>
10$ packs are DEFINETLY a get rich scheme, just not for the collector. >>
Buying packs back in the day (for me the late '80s) was about getting cards I needed to complete a set.
Now those cards are readily available on eBay.
Heck so is the entire set.
Creating rarity is the scam of modern cards.
Most of that junk will be worthless long term. Will there be examples that become quite valuable, perhaps. But bottom line you can not create true rarity.
This hobby is for fun, but if you want to also view it as an investment, I think you have to look at what you think will stand the test of time. That is, what collectors of the hobby will always want to collect. That said, in my opinion, it's always going to be Hall of Famers, their rookie cards, and key sets (like 52 Topps). I collect vintage and Ruth cards, partly because I think they'll always be value in these cards. Saying this, however, these cards might not drop to 0, but they could still drop significantly in value like house prices these days. So practically anything you buy in the hobby carries some risk.
Lou Gehrig Master Set
Non-Registry Collection
Game Used Cards Collection
You have a physical item that you can either choose to hold or sell but it never evaporates. You can make money, break even or lose money but you maintain physical control of your item and it is up to you to figure out what to do with it.
I am in financial investments and there have been plenty of examples of investments that simply evaporate and go to money heaven.
At least with cards you get to collect something and potentially make money doing something you enjoy.