The New CS Board

[jumanji0881]

I know we have inflation, but honestly -

My Comment: I've been buying inflation hedges for over 50 years as a hobby (not for the appreciation in value). It has turned out to be a good investment (;50's-'60's European sports cars, art (especially Western Art), antiques of all kinds). And people are paying high prices now but is a Mickey Mantle BB card really worth $12.6Million? Why is gold not responding?

Sale Of Mickey Mantle Card Breaks All Records For Sports Memorabilia
https://www.zerohedge.com/personal-finance/sale-mickey-mantle-card-breaks-all-records-sports-memorabilia
Excerpts:
A mint condition Mickey Mantle baseball card sold for $12.6 million Sunday - making it the most expensive piece of sports memorabilia in history.

The 1952 card is widely regarded as one of just a handful of near-perfect cards of the baseball legend. It was bought in 1991 for $50,000 by New Jersey waste management entrepreneur, Anthony Giordano, at a New York City show.

Ivy said savvy investors saw inflation coming down the road — as it has. As a result, sports memorabilia became an alternative to traditional Wall Street investments or real estate — particularly among members of Generation X and older millennials. -AP

Prior to the pandemic, the sports memorabilia market was estimated at just $5.4 billion - according to a 2018 comment by David Yoken, founder of Collectable.com

Just three years later, that market is estimated to be at $26 billion according to research firm Market Decipher, which thinks it will grow to $227 billion within the next decade.