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<p>[QUOTE="lrbguy, post: 3045552, member: 88829"]Everybody likes full employment and fat paychecks. But when the economy is strong, so are the prices of collectibles at auction. After all, "everybody" has more to spend. Savvy vendors know this and salt away the really important material when the economy is down, only bringing it out when the market is up. The rare appearance of really choice and rare material stimulates buyer frenzy and in short order everything trades at exceptional prices.</p><p><br /></p><p>When the market is high, mostly concentrate on buying material you don't see when the market is weak. Then, when the economy tanks, you will be able to pick up the rest at bargain basement rates. Your best buys are most likely to come a year or so into a declining economy. Fewer buyers and plenty of sellers.</p><p><br /></p><p>Unless you are already a person of extraordinary means to do this you need to be at it for two business cycles (20 years each), but at the end of that you will have a rocking collection.[/QUOTE]</p><p><br /></p>
[QUOTE="lrbguy, post: 3045552, member: 88829"]Everybody likes full employment and fat paychecks. But when the economy is strong, so are the prices of collectibles at auction. After all, "everybody" has more to spend. Savvy vendors know this and salt away the really important material when the economy is down, only bringing it out when the market is up. The rare appearance of really choice and rare material stimulates buyer frenzy and in short order everything trades at exceptional prices. When the market is high, mostly concentrate on buying material you don't see when the market is weak. Then, when the economy tanks, you will be able to pick up the rest at bargain basement rates. Your best buys are most likely to come a year or so into a declining economy. Fewer buyers and plenty of sellers. Unless you are already a person of extraordinary means to do this you need to be at it for two business cycles (20 years each), but at the end of that you will have a rocking collection.[/QUOTE]
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