I have a vague theory on all this new found wealth, its simply crypto trading, any fool can buy and sell them on their phone and compared to stocks the hour by hour gains are huge, its driven by herd mentality and people with no knowledge or financial prowess can see whats happening minute by minute and just surf the immediate financial swell (call it what you will) at anytime day or night, its the new super duper stock market for anyone ,zero skill required and yes we can argue its volatile and a gamble but thats the line big brother has been feeding the masses for centuries about the stock market, we wouldn't want the poor people getting rich would we? Every one would be sitting on a beach with a doughnut and a mobile phone instead of cleaning the floors at the bank [emoji12] Good luck to them [emoji106]
Good luck with card grading and valuation, amazing what they are selling for. But as you say $1200 was big bucks back in 1994, gee you would have still been at school ! I agree, no idea where the money is coming from - wages haven't really risen at all. I've been watching Canberra real estate go nuts in the past 6 months , a house (nothing special 4br house with pool & double garage in middle of the road suburb) that was worth around $600K in 2018 is now $900K . Lego sets - my boys have a lot of BNIB Lego sets from 8- 13 years ago - eg Pirates of the Carribean - Black Pearl, new was $120, now $1K+, even small Star Wars sets purchased for $35 are now selling for $200 +. Crazy
I suspect some of this buying and selling of the Phase lll's is within a select closed group or in fact bidding for one and others cars. With buyers premium for what is not a world class car on the world market that price is crazy....its Daytona money Small block Cobra money Aston Martin DB5 money Bentley Continental money Porsche 356 Carrera 4 money Close 300sl roadster money '65 Shelby Mustang money with period race history. I'm sure you could add other marques to the list ..
And now for something completely different https://www.instagram.com/tv/CLX3VnclDJy/?igshid=dcgydrdn32u6
Nah, no money left. But a friend bought a (one) Bitcoin for $15K about mid 2019, he's pretty happy about it now. I was too smart to buy them when I first heard about them in 2011
Thanks mate, truely incredible what has happened to that market in the last few months. $1200 was a lot of coin for two school boys. The Brother sold his 1989 KX125 dirt bike for $1200 and paid for the card. It was purchased from Melbourne Sports Collectables. I paid him my $600 share over the course of a few months from working my part time job at a family friends Kebab shop lol. The Brother worked at Coles at the time, he was 16 in 1994 and I was 14. Two young punks with BIG dreams. Great to hear the boys have those lego sets. Tell them to cash in while they can lol. It seems like everything 10+ years old has gone nuts, again NO idea why etc lol And property!! Yeah man, that's another crazy thing isn't it? My property on the Gold Coast has gone up another $100K in land value the last 12 months, no idea what has changed in my suburb over the last 12 months to warrant that increase. I just paid the rates notice there two days ago and the rates haven't changed for a few years there now because Mayor Tom Tate has put a rates freeze on the GC which works good for me lol.
I don't think so, cars are changing hands. In fact I had lunch with someone who is bidding on the one coming up at Lloyds... Image Unavailable, Please Login I said that when they hit the $500k some years ago. But there appears to be plenty of money around chasing a limited number of cars. And not everyone wants a Porsche/ Aston/ Ferrari/ Cobra whatever.
Your not on your own there, i’ve never had anything to do with them until recently, I bought $100 of something for a bit of fun a month ago, woke up at 4am the other day and that $100 had turned into $430, It was quite a surprise, not at the financial gain particularly but the rate of growth from a percentage point of view, stocks rarely do that, mind you if your not watching this stuff 24/7 you can get really burnt as they fall as fast as they rise [emoji51]
Speculation and hope is driving that market Two articles in the SMH last weekend about teenagers making tens of thousands of paper profits and reinvesting those paper profits Sounds like the seeds of euphoria Attributes of a market that is setting itself up for a crash Might be a good time to lock in some profits and let the balance of funds move with the market Sent from my iPhone using FerrariChat.com mobile app
