Re: just like Gold & Silver


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Posted by Sherman in Idaho [24.32.202.166] on Wednesday, July 17, 2013 at 16:09:51 :

In Reply to: Re: just like Gold & Silver posted by Mike Stone [71.39.211.42] on Wednesday, July 17, 2013 at 11:03:43 :

I'm not sure about that. On the high end (>$100K), collector cars tend to appeal to the same sort of people who invest in fine artwork or wine they never intend to drink. Like the wine and the art, they may never even see them and they may keep them in storage all the time. Gold and silver, on the other hand, are seen as money and wealth in the three parts of the world where people are currently getting rich the fastest -- China, India, and the Arab countries.

American muscle cars are thinly traded because there aren't many of them. If a few collectors are forced to sell (if you're in a bind, what are you going to keep, your house or your car collection?) it makes a big difference in the market. $10 million worth of muscle cars is a lot of cars and it's tough to unload that many at once. $10 million worth of gold is hardly a blip in the market and you can sell it all instantly if you want.



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