Quote:
Originally Posted by CharlieHustle
No this isn't my argument for a bubble. You keep issuing these either/or scenarios and they are not close to what I'm saying.
I'll make it nice and simple.
New "collectors" are not collectors. They are speculators. When the money dries up, they are gone. And they take this artificial demand with them.
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No market goes up forever. The long-term trajectory for sports cards may very well be higher, but once the easy money dries up through higher interest rates, the money supply will contract and fewer dollars will be left to speculate in the sports card market. What's happening in the sports card market is what's playing out in virtually every other asset class as unprecedented quantities of US dollars try to find a home.