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32 sats \ 1 reply \ @Signal312 29 Jan \ on: Fiat, Gold and the SnP500 Vs Lego as a store of value econ
Very interesting, thanks.
This makes me think of an aunt of mine, passed away now. She and her husband had invested in collectibles, but antiques. What was "in" while they were collecting was antique hand-knotted oriental rugs. They were very beautiful, bought mostly in the 1970's, 1980's. My aunt and uncle had loads of these very expensive rugs, it was meant to be their legacy.
However, it turns out that they didn't keep their value at all. The rugs didn't even keep up with inflation. And it turns out that many of them had issues with moths.
I think part of it was that fashion had changed. One thing that would have been dirt-cheap to purchase, when they were purchasing the rugs, was mid-century modern furniture - that would have appreciated a lot.
So...that whole story made me really think twice about any sort of collectible. Not that I'm interested in any case, 'cause I'm into bitcoin.
this reminds me a bit of the Better Call Saul episode where Jimmy learns finds out that the Bavarian Boy Hummel figurine on display where he used to work is worth a fortune.
He then stole it and swapped it for a fake and sold the real one for a ton lol
still, it's hard to predict but one thing we have now is parents are passing down the nostalgia and keeping it alive and a lot of the legacy brands are staying with the times doing movie tie-ins and stuff
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