I feel the only people that an MTG market crash would negatively affect would be the hoarders that drive the prices up in the first place. The countless thousands of peasant-folk, like myself, actually enjoy playing the game and would love to be able to afford all the cards we want if that ever happened.
This is an amazing channel. I love the economics of it all. Just a question, how do you protect yourself from the risk of your cards being lost in a fire or some other natural disaster?
Hi Rudy. Nice video as usual. Just one point: Im using Chrome to whatch youtube and your video has no sound if using it. I either used firefox and it was good. Just check that out in case of future videos. Cheers!
Rudy, I'll be honest; I don't give a rat's ass about investing in MTG. However, I've watched a bunch of your videos strictly due to your hilarious and great personality. Keep it up!
What's your opinion on the Pokemon market today with the new sets being printed to oblivion. Just a question I'm a Pokemon collector that's slowly turning over into magic.
How much for the Duke Nukem Forever book? That being said, I bought a bunch of stock end of day Friday thanks to the Brexit. The Brexit (negative) pop will not be systemic, it will recover short term and I'll get an easy 3-5% return. That's how people build wealth...instead of bailing on short term system adjustments. I wish I would have stay in Magic back in the early 90s because I find your videos intriguing.
A lot of people seem to think that. The reality is the complexities in trade agreements and movement of not only goods, but human capital and financial capital are getting fucked up by Brexit. Not to mention the risk of a Scottish Referendum fucking up the UK even more. I know several people in high roles in UK-based financial businesses, including a CFO of a major bank (FIL's old neighbor) and we went golfing with him Saturday. He told me, point blank, that he expects the GDP of the UK to fall 1%-2% per year over the next two years as business activity contracts in the UK due to uncertainty over what comes after, and perhaps even more so after the actual exit. I asked him about when he thinks stocks will bottom, and he declined to answer, but told me that there are way too many people "blowing their load early", and he thinks the stock markets have quite a ways to go in terms of downside. I am inclined to agree. I find it remarkably ironic that, in a video that discusses systematic risk, that you don't see or seem to understand the systematic risk that Brexit is exposing the European Union to, and make no mistake about it, the collapse and dissolution of the EU would be a bad thing for the global economy and would surely impact the worldwide financial markets severely. EDIT: Can't make paragraphs, whatever, sorry for the wall of text.
Rudy, what do you think would happen to the card value if Wotc went out of business? I mean would the cards (and I mean valuable vintage cards) still have some value (of course lower) or would they just be worth a couple of pennies?
If wizards made a masters set, printed it more than last two, and made it the same price as standard sets, would that create a chronicles situation? And how bad?
I agree Wizards does a lot to manage risk. And the greatest risk is collapse of the whole system. If faith in the value of cards drops too drastically, a significant portion of the player base and potential player base will find it hard to justify to themselves to buy product. This is also why they most likely will not abolish the reserved list, because it could cause large ripples, which could potentially damage the system irreparably. The invent of the Mythic rarity and the fact that the most valuable cards are mostly re-printed at that rarity, shows that Wizards is very much aware of preserving the value of these cards. The extra rarity also means they have more detailed control of how many of a certain card are being put into the market. The printing of MM1, MM2 and Eternal Masters is as close as you can get to proof, that they are now, more than ever taking continuous steps to secure the stability of the "system". If you're perceptive you'll be able to identify the presence or absence of these measures, and whether it is relatively safe to continue investing or not.
My opinion on collapse is this.. Zombie or financial.... People will still play the physical game so eventually ( might take a while ) prices on good cards will return.. I mean what other game can u play in the actual apocalypse?
Yeah rudy, if wizards changes their minds and makes the game affordable for everyone ( and more proffit for then obviasly, no one other reason to change the statuos quo), your business may colapse or at least suffer some losses
If the entire market drags Magic down you can reduce your loss by making wearable magic stuff into high fashion, the really rich people will still be rich and you can sell them alpha card ties and booster wrapper clothing
rudy... do you own or run a taco bell? i pause your videos and go get taco bell every time you bring it up... to bad you dont run the one where i live...
If only I found you 5 years earlier... Damn. But I am grateful I found you at all to be honest Rudy. I fucked up on holding and capturing the FaB stuff but, I hope there's another chance before 2030/33 Codex BS Either way... :] Blessings to you and your loved ones Rudy
If the world economy crashes everything is going to lose value, but at different rates. The best things to have invested in when the economy crashes are Real estate, Precious Metals, and Art. Inflation should hit soon so it's a bad time to have a bunch of cash and not as bad to have some debt. Whenever magic cards hit rock bottom the people with money will buy all the cards and horde them until the economy comes back and the cards are worth more than ever. It's a matter of timing.
