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Okay, Now I'm Officially Scared

Started by joe_collector,

58 posts in this topic

joe_collector

joe_collector

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My parents were down on the weekend, and as I've probably mentioned, my father collects some coins and is hardcore into hockey cards. Purely as a hobby, and he has no worries on the money side of things.

 

But immediately after coming in the door, he starts asking me about comics (!!), something he never does, and tells me that old graded comics are an excellent investment, and how he's been seeing on TV, reading in the papers, etc. about what a "sure fire investment" they are. He knows I collect, but he wasn't certain on how many CGC books I had.

 

I tried to calm him down, but he got kinda testy, and didn't believe me when I told him CGC comics were currently in a market high right now. He wouldn't let it go, and kept saying that these were "guaranteed sure-fire investments" and how they "are sure to rise in value", along with quoting all kinds of "percentage increases" from 5, 10, 15, etc. years, and how CGC comics "far outpaced the stock market". He was just hammering me with facts and figures that he's read, and I got the feeling he was itching to buy in.

 

This is not a dumb person we're talking about here, but apparently there is a lot of funny book hype out there right now, and this is coming from someone who has never mentioned investing in comic books for a very long time... probably back to reading in the paper about comics in the early-90's. :insane:

 

I am now officially scared for this hobby of mine, and I understand more why recent auction sales have been hitting record highs. Thank God my father isn't very good at the Internet... :o

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joe_collector

joe_collector

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No, I've calmed him down, and anyway, he was only after high-grade key issues, as per the TV program's advice. He was ready to overpay for an Avengers 4 CGC 9.4, but not raw junk.

 

Anyone seen these programs in question? I think he mentioned Suze Orman and some local magazine and newspaper articles, but I was a bit hesitant to talk about it after I tossed cold water on his "sure-fire investment news".

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Shootydog

Shootydog

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Does he watch QVC and other shopping networks? On occasion they hawk a bunch of drek and Im sure they use the "sure fire investment" angle to sell. Not sure they would offer up an Avengers 4 however.

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joe_collector

joe_collector

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Does he watch QVC and other shopping networks? On occasion they hawk a bunch of drek and Im sure they use the "sure fire investment" angle to sell.

 

No, this was the real deal, with actual investment return figures for high-grade CGC comiics vs. the stock market, money markets, GICs, etc. This isn't the "Home Shopping Network" drek, but real life TV investment shows on CNN or CBC.

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COI

COI

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He should invest in a new pair of glasses.

 

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joe_collector

joe_collector

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So, there are no leads on the possible media culprits on this? Again, CBC or CNN are the likely areas, and I guess I'll get an exact source sometime this week, when they call to check in.

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Foolkiller

Foolkiller

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Fox News has Vinny Zurzolo on from time to time.

 

As for Marvelman, he strikes me as an earnest, nice guy, but didn't even know what CGC stood for. He has a very nice collection, but fancies himself far more knowledgeable than he actually is.

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chromium

chromium

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Maybe a good time to tell your parents how leaving your comics at the picknick table and refusing to drive back ended up costing you.... nah maybe not hm

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BeachBum

BeachBum

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So, there are no leads on the possible media culprits on this? Again, CBC or CNN are the likely areas, and I guess I'll get an exact source sometime this week, when they call to check in.

 

Last fall I saw a segment on CGC collectibles on CNN, they were speaking with the owner of Metropolis and discussing the value of slabbed books as investments. It was definately on CNN, because I had it on my DVR for a bit. no longer have the recording though.

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chromium

chromium

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As for Marvelman, he strikes me as an earnest, nice guy, but didn't even know what CGC stood for. He has a very nice collection, but fancies himself far more knowledgeable than he actually is.

 

Lots of loons putting comic vids on youtube these days :whistle:

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BaltimoreLauren

BaltimoreLauren

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No, I've calmed him down, and anyway, he was only after high-grade key issues, as per the TV program's advice. He was ready to overpay for an Avengers 4 CGC 9.4, but not raw junk.

 

Anyone seen these programs in question? I think he mentioned Suze Orman and some local magazine and newspaper articles, but I was a bit hesitant to talk about it after I tossed cold water on his "sure-fire investment news".

 

I've seen clips on youtube, and they make me laugh. I can't, for the life of me, take Suze Orman seriously.

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COI

COI

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As for Marvelman, he strikes me as an earnest, nice guy, but didn't even know what CGC stood for. He has a very nice collection, but fancies himself far more knowledgeable than he actually is.

 

Lots of loons putting comic vids on youtube these days :whistle:

 

There's this guy from Belgium on there who cracks slabs so that he can actually read his books. How nutty is that?

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BaltimoreLauren

BaltimoreLauren

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As for Marvelman, he strikes me as an earnest, nice guy, but didn't even know what CGC stood for. He has a very nice collection, but fancies himself far more knowledgeable than he actually is.

 

Lots of loons putting comic vids on youtube these days :whistle:

 

There's this guy from Belgium on there who cracks slabs so that he can actually read his books. How nutty is that?

 

People actually read comics? What kind of nutty, zany world are we living in?

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supapimp

supapimp

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Anyone seen these programs in question? I think he mentioned Suze Orman and some local magazine and newspaper articles, but I was a bit hesitant to talk about it after I tossed cold water on his "sure-fire investment news".

 

she's not too off base, i've been buying CGC slabs, since i know that the return rate is more consistent, than of a return on my savings or stocks. :wishluck: but the stock market has been a three month surge the longest since 1982.

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