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Message
Someone mentioned collectibles are a good hedge against inflation
Posted on 2/21/22 at 2:22 pm
Posted on 2/21/22 at 2:22 pm
What are the reasons for and details around this.
I have a bourbon collection thats already increased impressively over 2020-21. Not sure how it has much upside
I have a bourbon collection thats already increased impressively over 2020-21. Not sure how it has much upside
This post was edited on 2/21/22 at 2:24 pm
10
Posted on 2/21/22 at 2:27 pm to LChama
Any type of scarce good typically appreciates with inflation. More money in circulation and more demand compared to supply. Very basic economics as to why rare/scarce items go up in value during inflationary times.
Posted on 2/21/22 at 2:39 pm to LChama
Bit confused on what your point is here. A 500 index beat inflation over the past 12 months. I am not sure your bourbon collection or baseball cards will do the same.
Posted on 2/21/22 at 2:45 pm to AUCE05
quote:
Bit confused on what your point is here. A 500 index beat inflation over the past 12 months. I am not sure your bourbon collection or baseball cards will do the same.
Why does everything have to turn into a pisssing contest. Geez
You have absolutely zero knowledge of how my bourbon collection fared against any index so please stop being a internet know it all.
This post was edited on 2/21/22 at 2:49 pm
Posted on 2/21/22 at 2:46 pm to AUCE05
quote:
. I am not sure your bourbon collection or baseball cards will do the same.
No but many guns sure have
Posted on 2/21/22 at 3:06 pm to LChama
(no message)
This post was edited on 8/22/22 at 2:28 pm
Posted on 2/21/22 at 3:45 pm to TigerIron
quote:
It's also worth noting that if your collectible suddenly gets much less popular, the drop in value will far outweigh the inflation effects.
This is very important. Most collectibles markets will see reduced demand the longer the high inflation period lasts, as consumers will feel the pain from the increased costs in the rest of their lives and reduce spending on non-essentials. The best inflationary hedges are those things that will have the most widespread and consistent demand, not just individual consumers
Posted on 2/21/22 at 4:44 pm to LChama
quote:
I have a bourbon collection
Kudos for staying liquid with your investments
Posted on 2/21/22 at 5:00 pm to texn
quote:
Kudos for staying liquid with your investments
Posted on 2/21/22 at 5:13 pm to LChama
Honus Wagner card.
Posted on 2/21/22 at 8:37 pm to LChama
quote:
I have a bourbon collection thats already increased impressively over 2020-21
What kind of bottles are you sitting on? Curious as a fellow bourbon collector/drinker
Posted on 2/21/22 at 9:13 pm to LChama
That’s why my net worth is tied up in Dale Earnhardt commemorative plates.
Posted on 2/21/22 at 9:34 pm to LChama
Alcohol will be very valuable when the dollar becomes worthless. Anything NOT in US currency, such as, paper towels, wood, jewelry, fire, arms, etc.
Posted on 2/21/22 at 9:35 pm to HarveyBanger
One of em is a 2001 Weller19 barrelled in 81. Dont wanna put much more out there on this forum.
Posted on 2/22/22 at 6:51 pm to LChama
I have various collectibles in various categories. But I bought and kept them because of the joy, memories and appreciation that I have for the categories - especially racing. I’ve never really thought about the values or dollar appreciation. But I know that several $50 purchases now top $500. I probably have $20 grand worth of diecast cars. To some (probably most) people, they are “toys”. But to other F1, CART and Le Mans fans, they know that these 20-30 year old items are gold.
Someone will probably get lucky when I take my dirt nap. One of my dopey heirs will probably sell the autographed Mario Andretti or Emerson Fittipaldi diecasts for $5 each. Maybe get a 10 spot for the Ayrton Senna helmet!
Someone will probably get lucky when I take my dirt nap. One of my dopey heirs will probably sell the autographed Mario Andretti or Emerson Fittipaldi diecasts for $5 each. Maybe get a 10 spot for the Ayrton Senna helmet!
Posted on 2/22/22 at 6:58 pm to LChama
For selling or drinking?
Thinking about the $ value of an "unrealized" bottle of Bourbon as an inflation hedge makes my head hurt more than when I realize a bottle of Bourbon to offset inflation.
Thinking about the $ value of an "unrealized" bottle of Bourbon as an inflation hedge makes my head hurt more than when I realize a bottle of Bourbon to offset inflation.
Posted on 2/22/22 at 7:01 pm to bayoudude
quote:
No but many guns sure have
True. Especially higher end and discontinued models, and firearms with some historical significance (even period correct replicas). You used to be able to pick up good condition Walther PPs and PPKs with proper German (meaning N*zi markings) at a reasonable price. Now they’re fairly outrageous.
Posted on 2/22/22 at 7:02 pm to TigerIron
quote:
So, if you hold 1000 dollars, in a year you will have about 900 dollars of purchasing power. But, if you hold a 1000 dollar collectible for the same year, it will be "worth" 1100 dollars at the end of the year, which would amount to 1000 dollars of purchasing power under the old value of dollars.
The headache of finding a buyer, who also did not experience said inflation...is more than ironic here!
Posted on 2/22/22 at 7:18 pm to Turf Taint
Also depends on when you buy them. Buying something now thinking it will be valuable may not make sense. People have more money now to go buy discretionary stuff, and that is driving inflation. However, once inflation sinks in for longer, people will start slowing down the spend, and the collectibles will be produced less and less. This drives rarity. Then, in peaks where people have money, they go out and try to buy all the stuff they may have missed the window on.
Buying stuff right now at a spending peak likely means you are buying something very common, and ultimately worth less.
Buying stuff right now at a spending peak likely means you are buying something very common, and ultimately worth less.
Posted on 2/22/22 at 8:00 pm to LChama
Curious why you are scared to share what you have in your bourbon collect… people on this board routinely share dollar value of investments which I’d say is much more private than a bourbon collection.
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