Pat, not only was this a great interview but for someone with your stature to go on a small Channel like Jeremy's says a lot about you. Thanks for giving us, small guys a chance.
@@rogueinvestor2375 I really don't want to get into it, but it's quite easy to figure it out if you watch and think about the business. Another place look at is the insurance business and loans for graded cards. There is a lot of stuff there ready to implode when the time comes.
What he describes as happening in the last 24 months with cards started happening 2 months ago in comics. We've seen key issues that hovered around $300 - $500 for years suddenly skyrocketing in price. We're seeing CGC (the comic book PSA equivalent) 9.8 (the standard for average highest grade for 99% of comics though there are some rare 9.9 and 10 books out there) graded key comics doubling in value, sometimes weekly. We're even seeing books that are less than 24 months old selling for over $2k-3k on rumors of TV and movie appearances. Big money has entered the comic world en mass, and it's driving prices crazy. The last time I saw this behavior in comics and cards was the mid-90's, and the market for both eventually imploded. Short term, I'm riding the wave and making as much as I can before the market crashes, but long term it's absolutely unsustainable.
@@bobbywest8460 I plan on it. Yes it's pretty much pointless to have a store front these days except in trading cards. They're allocated and force you to have one to get merchandise. You've obviously haven't been to round rock. Safest city in the safest County in the safest state. 😂😂
@@zacbeeler3629 Thanks. It's iBuyify. More of a cloud business than anything. The only reason I'm getting a store front is because the distributors require it to get new merch like pokemon. There hasn't been a hobby shop close to us ever though. Infact there's only been one in Austin my entire life. lol
@@wesley.Travis.Johnson.Reviews Well let me know the address. I’ve been wanting to collect some more UFC cards. I only have a few because I cant find any box’s anywhere. May need to come visit when the new UFC panini drops next month.
As an investor, I see cards just like I see rare coins. When you get enough investors using this as an investment vehicle, they will not let the market go to zero. Look at rare coins....most of them should go to zero or only be worth their weight in whatever metal they’re made of. Because, really...how popular and in-demand are rare coins except for the fact that investors are using them as investment vehicle and are willing to prop up their values? The same will happen to Sportscards.
I’m laughing so hard at this. Coins Vs Cards. No comparison. At least when a key date goes bust I can still melt it down and make a few bucks. There are at to many morons in the hobby right now. M stepping aside. I will buy your mistakes for pennies on the dollar soon.
You think topps and panini don't notice ...they do,I expect them to ramp up production like it's the 90s again. 10000 different /100 is the same thing just because they are serialized doesn't mean they will be considered "rare" in the future.
I believe tpre-1990 rookie cards of sports HOFs will continue to grow steadily. As for the prices of modern cards post 2010, the prices will crash and burn.
Zion could be the next Larry Johnson... which would mean a decent career, couple allstar games, and one failed finals appearance........ and a lot of cards not worth anything. Or he could be a generational talent... but I'm not betting my lunch money on him yet lol
Nailed it! It's mind blowing that so many people don't understand the market, when the indicators for a significant correction are jumping off the page. It won't happen for a while, but it will happen. Thanks for the great content!
i guess Im asking randomly but does anybody know of a way to log back into an Instagram account?? I stupidly forgot my login password. I would appreciate any tips you can offer me.
“Be fearful when others are greedy, and be greedy when others are fearful’ most important quote for anyone getting in any type of investment. I’m buying Kobe Rookie cards Bc it seems like people are fearful or tired and selling them at a discount
@@cinomaticsportscardsandfin1032 I think there’s some type of fear right now because there are sales of Kobe cards that were 20k two months ago and now the same card is going for 7k. 🤷🏻♂️ it could also be that the market got tired of vintage for now and it’s looking again for modern stuff. Either way I’m buying the goats
the problem is that markets don't just crash because prices are too high. You need a catalyst, and theres no indication that interest rates will ever be raised again (no incentive to do so).
I got a 105 Jordan cards should I start selling them now or keep hanging on to them . Mostly junk wax era range from 20 to 800 dollars just started collecting again .
They've always been worth something. Its akin to art.. saying this is like saying Mona Lisa is just canvas and oil. Money is literally just printed paper, it's not worth anything. Everything is just a token of something someone else doesn't have, but they want it.
@@danwhite580 preach. For some reason, people just don’t get this concept. Money is just green ink on dirty paper. It has no tangible value. However, people have decided to give it value. Same thing with art, coins, stamps and yes trading cards. It’s an object that has no value/use outside of what we the people give it
Ok, I have a question. I have TWO ROOKIE CARDS, FOR MICHAEL JORDAN. The first one is a 1984, Rookie Card. The OTHER ONE IS A, 1985 JORDAN ROOKIE CARD. EXACT SAME PICTURE OF HIM, The difference is, the 1984 card has that being Off his Rookie year. The 1985 card has NO MENTION, of the previous card. So, which one is worth more??!, OR, is either one worth anything)?
@@t206kid Nope, the 86 Jordan is not considered the real RC, star sets were nationally distributed and thus have a designation as an XRC but in today's market XRC's are treated as the true or first rookie cards. The issue with Star is that they reprinted them later using the same exact equipment and thus the reprints are hard to tell from the originals and thus PSA quit grading them. However, many collectors and BGS feels you can tell them apart and thus they have regained steam
From a youngster to 25 years old I collected cards. A box of triple threads was 120 then, now its 400! How can you possibly make money or break even at these costs. Cards have become way to expensive.
It’s not just Rolex, but AP and PP as well. Most Rolex stainless steel pieces have been very hard to get for a few years now. Never in the case at an AD. Even some precious metals were but now even all precious metals are hard to get. It’s the supply and demand and how much these watches sell for on the 2nd hand market as to why they are sold out.
wow what a great ending. he was speakign gems and he really made me think about how we should manage our risks and protect ourselfs due to the fake money thats flooding the market. Once interest rates go up those mortgages/loans wont be affordable for plenty of people
I agree, I think most of the new guys will eventually get bored and one of these big time "investment" rcs goes bust and leaves many under water. We haven't had one go bust yet but it will happen. Acuna, Tatis, Luis Robert, I think one or two will go south and tons of money will be lost.
@@questionsanwsered Because those of us who went through the junk wax era have seen this crap before. The optics are different this time, but the results will be the same when too many people try to do the exact same thing, and some other "investing" fad where people can run pump and dump schemes through a veneer grabs the attention of the masses.
Agreed. And buy Goats on sale. Years ago when Kobe was accused of rape I bought a bunch of his rookie lots. I sold them all at about 8X shortly before he retired. If I still held them today they would be worth 20X. But thats OK I made a good profit.
Baseball cards is the new Real Estate. Watch Sportscards become more than a house. The digital cards in 20 or 30 years people will be retiring and making a passive monthly income on digitial blockchain cards.
Patrick has always been a pessimist on the economy for the past 5 years, but it has gone no where but up. It is always good to protect your money and business but he keeps preaching the same thing over and over. I guess you can be wrong for 10 years and the minute your right he can say I told you so.
They’ve been saying a bubble for the last 3 years. Everything is a bubble now 😂 I fw valutainment but any videos where he talks about cards he’s wrong or isn’t very well informed.
Pokemon cards all the way! I think sports cards will keep going up but plateau eventually as more kids grew up with pokemon than actually watched major leagues. Both are still good investments
Everything bubble....stocks, bonds, real estate, art, collectibles. There are 3 types of inflation 1. Monetary 2. Asset price 3. Consumer price. We have the first two. I can't believe people do not see this. These prices cannot be sustained over and over and over again at these ridiculous levels. What comes up, must come down. I"m a seller of most of these collectibles and buyer of overlooked, undervalued, out of favor assets. "If something cannot continue on forever, it will stop".-Stein"s Law
I bet Patrick wouldn't trade places with you 😜😂. Also he's a finance guy. He used to own a large investment firm. I also do the same thing. People like us are wired different. It doesn't make us bad and just makes us different.
Pat, not only was this a great interview but for someone with your stature to go on a small Channel like Jeremy's says a lot about you. Thanks for giving us, small guys a chance.
cards are worth whatever someone is willing to pay for them
Pat is beyond brilliant. By far the most knowledgeable person I’ve heard speak.
Tax evasion and money laundering is creating a sports card bubble.
so true, ebays in on it and all the card companies and big card investors.
How can a piece of cardboard help evade tax?
@@rogueinvestor2375 I really don't want to get into it, but it's quite easy to figure it out if you watch and think about the business. Another place look at is the insurance business and loans for graded cards. There is a lot of stuff there ready to implode when the time comes.
@@KK-pm7ud Sounds interesting
Great video, thanks a bunch… can someone please direct me to the website for I’d like to try to list a rare coin… just to see the possibilities
What he describes as happening in the last 24 months with cards started happening 2 months ago in comics. We've seen key issues that hovered around $300 - $500 for years suddenly skyrocketing in price. We're seeing CGC (the comic book PSA equivalent) 9.8 (the standard for average highest grade for 99% of comics though there are some rare 9.9 and 10 books out there) graded key comics doubling in value, sometimes weekly. We're even seeing books that are less than 24 months old selling for over $2k-3k on rumors of TV and movie appearances. Big money has entered the comic world en mass, and it's driving prices crazy. The last time I saw this behavior in comics and cards was the mid-90's, and the market for both eventually imploded. Short term, I'm riding the wave and making as much as I can before the market crashes, but long term it's absolutely unsustainable.
I'm opening a new hobby shop in Round Rock, TX on the 1st
don't do it... grand opening, grand closing make sure you insure the shit out of it
@@bobbywest8460 I plan on it. Yes it's pretty much pointless to have a store front these days except in trading cards. They're allocated and force you to have one to get merchandise. You've obviously haven't been to round rock. Safest city in the safest County in the safest state. 😂😂
Congratulations, grew up in pflugerville. What’s the name of your shop?
@@zacbeeler3629 Thanks. It's iBuyify. More of a cloud business than anything. The only reason I'm getting a store front is because the distributors require it to get new merch like pokemon. There hasn't been a hobby shop close to us ever though. Infact there's only been one in Austin my entire life. lol
@@wesley.Travis.Johnson.Reviews Well let me know the address. I’ve been wanting to collect some more UFC cards. I only have a few because I cant find any box’s anywhere. May need to come visit when the new UFC panini drops next month.
As an investor, I see cards just like I see rare coins. When you get enough investors using this as an investment vehicle, they will not let the market go to zero. Look at rare coins....most of them should go to zero or only be worth their weight in whatever metal they’re made of. Because, really...how popular and in-demand are rare coins except for the fact that investors are using them as investment vehicle and are willing to prop up their values? The same will happen to Sportscards.
I’m laughing so hard at this. Coins Vs Cards. No comparison. At least when a key date goes bust I can still melt it down and make a few bucks. There are at to many morons in the hobby right now. M stepping aside. I will buy your mistakes for pennies on the dollar soon.
Look at comic books. They almost never crash. They only go up. Lol
You can't even find Baseball cards at Walmart or Target anymore, always signs saying they're limited per people.
It's a big problem here in Australia aswell. People buy up all the pre-orders then sell them on eBay for 3x the RRP.
Cunts!
You think topps and panini don't notice ...they do,I expect them to ramp up production like it's the 90s again. 10000 different /100 is the same thing just because they are serialized doesn't mean they will be considered "rare" in the future.
I believe tpre-1990 rookie cards of sports HOFs will continue to grow steadily. As for the prices of modern cards post 2010, the prices will crash and burn.
Love this full interview was one of my favorites .
I have a Hank Aaron 1957 card when he was the MVP when the Braves were in Milwaukee. I wonder how much that’s going to go up
Get it graded I have his 58 all star in nice shape I need to grade myself. I'm going to try and flip it to a comparable football vintage first though
Gary vee is super into cards he called the trend like 2 years ago
Gary Vee is a tool.
Called the trend, or created it?
Zion could be the next Larry Johnson... which would mean a decent career, couple allstar games, and one failed finals appearance........ and a lot of cards not worth anything. Or he could be a generational talent... but I'm not betting my lunch money on him yet lol
I had a ton of larry johnson cards as a kid
I think that goes for every hyped player in any sport. One injury and the card becomes worthless.
So true and very likely.
Great video, perfectly made points about the inverse relationship between value and interest rates
Nailed it! It's mind blowing that so many people don't understand the market, when the indicators for a significant correction are jumping off the page. It won't happen for a while, but it will happen. Thanks for the great content!
i guess Im asking randomly but does anybody know of a way to log back into an Instagram account??
I stupidly forgot my login password. I would appreciate any tips you can offer me.
“Be fearful when others are greedy, and be greedy when others are fearful’ most important quote for anyone getting in any type of investment. I’m buying Kobe Rookie cards Bc it seems like people are fearful or tired and selling them at a discount
i dont know if people are fearful, I think they're just settling because they're still above previous all time highs
@@cinomaticsportscardsandfin1032 I think there’s some type of fear right now because there are sales of Kobe cards that were 20k two months ago and now the same card is going for 7k. 🤷🏻♂️ it could also be that the market got tired of vintage for now and it’s looking again for modern stuff. Either way I’m buying the goats
@@DP-hp7vb Yeah, I think closer to playoff time, the goats will be the ones to buy
Solid advice
the problem is that markets don't just crash because prices are too high. You need a catalyst, and theres no indication that interest rates will ever be raised again (no incentive to do so).
Jeremy is excellent... great convo, great insight. Love it!
So we should stay in cash until 2023 right? Then pounce
Gary vee has been talking bout cards for years now but he never said nothing about buying fractions of a card like stock shares is this true
Oh yeah it is. Google fractional ownership of sports Cards.
Gary Vee is a tool.
@@bryankahtava3174 he don’t give a shit lol he knows he’s a tool lol
I’m selling all the new shit. I collect base rookies because I’m still a kid but my allowance is bigger 😎
Jeremy is the man! Great interview, PBD!
Yo Brad! Love your Channel!
I got a 105 Jordan cards should I start selling them now or keep hanging on to them . Mostly junk wax era range from 20 to 800 dollars just started collecting again .
which jordan cards you got?
Junk wax at PSA 10, good... Raw not so. Problem is PSA just raised pricing for grading so there's no incentive to grade junk now.
Are you quoting PSA 10 or raw prices?
@@cardsandcomics PSA 10 in the junk wax era
Where can I check the value of my old cards?
Ebay
There is also a free App called "Sports Card Investor" that will help. It's not perfect, but will help on a lot of cards.
Sold listings on eBay
We are taking about pieces of cardboard or similar material. How is there long term value in that ? If you have high end card... sell them now.
Smart! I’ve already done this.
They've always been worth something. Its akin to art.. saying this is like saying Mona Lisa is just canvas and oil.
Money is literally just printed paper, it's not worth anything. Everything is just a token of something someone else doesn't have, but they want it.
@@danwhite580 preach. For some reason, people just don’t get this concept. Money is just green ink on dirty paper. It has no tangible value. However, people have decided to give it value. Same thing with art, coins, stamps and yes trading cards. It’s an object that has no value/use outside of what we the people give it
Where do you buy and sell cards ?
Comc eBay or StockX
Starstock for day trading
there's many places, such as myslabs, COMC, ebay, starstock, stockx, are the big ones to name a few
Ok, I have a question. I have TWO ROOKIE CARDS, FOR MICHAEL JORDAN. The first one is a 1984, Rookie Card. The OTHER ONE IS A, 1985 JORDAN ROOKIE CARD. EXACT SAME PICTURE OF HIM, The difference is, the 1984 card has that being Off his Rookie year. The 1985 card has NO MENTION, of the previous card. So, which one is worth more??!, OR, is either one worth anything)?
Are they from the company star? The jordan that is considered his real rookie is 1986-87 fleer
If you'd like more help on the subject I'd be glad to give you more info if I can
The star rookie had way too many counterfeit so it's not worth much. The hobby decides what the desired rookie card is.
@@t206kid Nope, the 86 Jordan is not considered the real RC, star sets were nationally distributed and thus have a designation as an XRC but in today's market XRC's are treated as the true or first rookie cards. The issue with Star is that they reprinted them later using the same exact equipment and thus the reprints are hard to tell from the originals and thus PSA quit grading them. However, many collectors and BGS feels you can tell them apart and thus they have regained steam
@@cardsandcomics star is considered a "pre rookie"
From a youngster to 25 years old I collected cards. A box of triple threads was 120 then, now its 400! How can you possibly make money or break even at these costs. Cards have become way to expensive.
Fantastic interview!!
It’s not just Rolex, but AP and PP as well. Most Rolex stainless steel pieces have been very hard to get for a few years now. Never in the case at an AD. Even some precious metals were but now even all precious metals are hard to get. It’s the supply and demand and how much these watches sell for on the 2nd hand market as to why they are sold out.
I love pat . So smart & intelligent
20 years ago I pulled a brady rookie card as a kid who would of thought
I used to have 5 mj rc fleer and ate em all and bent them dont worry it gets better😂
This was a great video
Great video guys!
When people value home over gold this world would be a much merrier place - Thor Oakenshield
Good stuff!
Sports cards 📈
yessir
I have been buying Soccer left and right, MBappe and Haaland. These are like the Zion's and Morrants of Basketball.
Would like to know if he buys anything at the lower end of the market
4:30
wow what a great ending. he was speakign gems and he really made me think about how we should manage our risks and protect ourselfs due to the fake money thats flooding the market. Once interest rates go up those mortgages/loans wont be affordable for plenty of people
Nice work 🎇🎆🌠
Is the next boom the Soccer cards?
I recognize you from the last kobe great interview. My name is Brian Jacobs. Get Ready to here about me.
Money was printed so much last year but what’s wrong with it
This guy gives me a weird vibes like there’s something going on
@james drake Right.. 😂
Should I hang on to my Shaq rookie cards?
Shaq is incredibly underrated at the moment...don’t sell him now!
Yes! Sell now.
Shaq was the best big man in his generation. His rookie cards which are basically vintage now will continue to slowly climb forever imo.
Save specific rookies. Like the upper deck and topps. Other than not that much.. they over produced in the early 90s.
@@armandobroncas4276 if you want to talk about over produced look at the panini prizm junk lmao
We have until 2023 to flip cards.
Why
that's what I was thinking haha
I agree, I think most of the new guys will eventually get bored and one of these big time "investment" rcs goes bust and leaves many under water. We haven't had one go bust yet but it will happen. Acuna, Tatis, Luis Robert, I think one or two will go south and tons of money will be lost.
@@questionsanwsered Because those of us who went through the junk wax era have seen this crap before.
The optics are different this time, but the results will be the same when too many people try to do the exact same thing, and some other "investing" fad where people can run pump and dump schemes through a veneer grabs the attention of the masses.
Invest in the goats (Jordan, LeBron etc) and you can't really lose long term
Agreed. And buy Goats on sale. Years ago when Kobe was accused of rape I bought a bunch of his rookie lots. I sold them all at about 8X shortly before he retired. If I still held them today they would be worth 20X. But thats OK I made a good profit.
Exactly Gretzky and Tom Brady
Baseball cards is the new Real Estate. Watch Sportscards become more than a house. The digital cards in 20 or 30 years people will be retiring and making a passive monthly income on digitial blockchain cards.
Sports cards is like currency, it’s made from tin air.
BIG BANK TAKE LIL BANK.
big bank likes rolexes and psa 10
Patrick has always been a pessimist on the economy for the past 5 years, but it has gone no where but up. It is always good to protect your money and business but he keeps preaching the same thing over and over. I guess you can be wrong for 10 years and the minute your right he can say I told you so.
Pokemon cards are going up!
see just like my dad buy my mom a fishing pole lmaooooooooooooooo
What is this guy looking around at the whole conversation
I wish u never sold that Wayne Gretzky
The card market is comparable to sneakers. Which means it’s never leaving.
Pat the future is NFTs (non fungible tokens) and the future is now blockchain gif highlight trading cards
yep inflation will hit interest rates will go up before 2023
I didn’t know cards were a big thing. I still have all mine from when I was young but I’m sure none of them are worth anything
Better check them out hahaha u might have some of the grail there bro.
you'd be surprised!
They’ve been saying a bubble for the last 3 years. Everything is a bubble now 😂 I fw valutainment but any videos where he talks about cards he’s wrong or isn’t very well informed.
Trading cards is speculating.. and you are quoting Warren Buffett. Lol. Silly. But makes for entertaining YT vids i guess.
baby.......... pat bet dav........come ...on............ you think its not done
Investors are just fools easily parted with their money.
CAT Token $CAT the next DOGE Coin.
Cards will go back to irrelevancy like always.
Pokemon cards all the way! I think sports cards will keep going up but plateau eventually as more kids grew up with pokemon than actually watched major leagues. Both are still good investments
So basically this whole card investing is a scam and I should stay away no matter what !
Do it as a hobby and you won't be disappointed. I'm able to get HOF Autos in trade for Herbert base rcs🤷♂️ I can't complain there at allll
Everything bubble....stocks, bonds, real estate, art, collectibles. There are 3 types of inflation 1. Monetary 2. Asset price 3. Consumer price. We have the first two. I can't believe people do not see this. These prices cannot be sustained over and over and over again at these ridiculous levels. What comes up, must come down. I"m a seller of most of these collectibles and buyer of overlooked, undervalued, out of favor assets.
"If something cannot continue on forever, it will stop".-Stein"s Law
Yep! Sell your dupes now to the Investors. Pocket the money and buy back your cards when they are pennies on the dollar.
Yep it will plateau for sure, then inflation catches up. Some people will lose, some people will win. Gamble smart.
The Investors will get kicked in the balls soon. Comparing modern sports cards to coins? Hilarious! REMEMBER THE 1990’s?
David smart guy when it comes to some things..but he will lose his soul if not carefull..rich but dumb
The guy being interviewed entire life is run by money. The lines on his face confirm this smh. Sad
I bet Patrick wouldn't trade places with you 😜😂. Also he's a finance guy. He used to own a large investment firm. I also do the same thing. People like us are wired different. It doesn't make us bad and just makes us different.
So much for a piece of paper hahaha a joke
Same thing with money it’s just paper with someone’s face on it
You mean cardboard?
buy pokemon!!!!
Future of Trading Cards = NFTs
Only a few people give a shit about trading cards....
Not sure about that
@@kimtoncoleman8934 I don't read about it in the news... It's niche
Your point?
That’s why there is an opportunity. Jump in before the train leaves. That’s if you are into sports, if you aren’t don’t bother.
@@BTCETHBNBLTC actually there has been a lot more news stories on cards in the last year than the previous 10
Dragon ball super playing cards are on the rise!
Huge fan base